Property Type: Detached HouseOwnership: Freehold

315 DEACON LANE

Galiano Island, BC V0N1P0

$975,000

4 bed2 bath10 parking2,035 sqftBuilt 1968
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
1.88 acres
Frontage
160 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,960 (2023)

Interior

Basement
Finished, Unknown, Unknown
Heating
Forced air, Electric, Wood
Fireplace
Yes (4)

Exterior & Lot

View
View
Waterfront
Waterfront

Parking

Total spaces
10 — uncovered indicated
Features
RV

Listing Information

MLS®
R2820072
Listed
September 28, 2023
Time on market
On the market for 1068 days
Tax assessment year
2023
Data last synced
August 28, 2026

Listing provided by: Hugh & McKinnon Realty Ltd. · Data source: CREA DDF.

Description

Perched above Trincomali Channel on the peaceful north end of Galiano Island, this 1.88-acre, west-facing waterfront property offers breathtaking 180-degree ocean views toward Salt Spring Island. The bright, sun-drenched property features mature fruit trees, a spacious 900 sq. ft. garage and a character-filled A-frame home with an addition, offering more than 2,000 sq. ft. of living space. With four bedrooms, two bathrooms and spectacular ocean views from every level, the home is well suited for year-round island living or a private recreational retreat. Fireplaces, baseboard heating and a generator ensure the home remains warm and comfortable throughout the seasons. This is a Remarkable property, not to be missed ! (id:63159)

Values & Trends

This listing

$479/sqft

Building average

No other active listings in this building

Galiano Island average

$1,050/sqft

19 active listing(s)

Parking: 10 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Gulf Islands (Southern)

16°C

Humidity 73%

Wind WSW 2 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Thetis Island ElementaryElementary7.3 km
Fernwood ElementaryElementary10.9 km
Chemainus SecondaryK-1212.8 km
Chemainus Elementary Community SchoolElementary13.1 km
Stz'uminus Senior Secondary(Independent)Secondary13.5 km
Crofton Elementary Community SchoolElementary16.1 km
Gulf Islands SecondarySecondary17.2 km
Phoenix PlaceSecondary17.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$780,000.00
Periodic payment — Principal & Interest (monthly)$5,032.30
Additional monthly expenses (strata, tax, utilities, etc.)$432.00
Total monthly cost$5,464.30
Interest paid over 5-yr term$223,550.24
Balance at end of term$701,612.52

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,939.91

Cash Needed at Closing

Minimum down payment$72,500
Estimated BC PTT$17,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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