Property Type: Land / LotOwnership: Strata

345 Skywater Dr

Salt Spring, BC V8K2W9

$1,100,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
13.59 acres
Zoning
Other

F1

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$275/mo
Annual property tax
$3,602.9

Interior

Fireplace
None

Parking

Total spaces
4

Listing Information

MLS®
1033184
Listed
April 23, 2026
Time on market
On the market for 131 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Duncan Realty Salt Spring Island · Data source: CREA DDF.

Description

Experience Salt Spring living on this sun-drenched 13.59-acre estate within the Skywater strata. This private, biodiverse sanctuary features a lush forest of fir, hemlock and cedar, seasonal streams, and a large pond. The land is already prepared for sustainable living with a fenced-in permaculture garden area. A developed road provides easy access to a prime building site with a drilled 7 gpm well with a cistern. With zoning that permits both a principal residence and a separate cottage, this property offers a rare opportunity to create a private retreat in a serene West Coast setting. Bring your vision and building plans and embrace a lifestyle of quiet luxury where the forest meets the light. (id:63159)

Location Insights

Weather

Nearest station: Duncan

15°C

Humidity 82%

Wind NNW calm km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Deep Cove ElementaryElementary6.9 km
Parkland SecondarySecondary8.8 km
North Saanich Middle SchoolMiddle9.4 km
Bench ElementaryElementary9.6 km
Ecole Cobble Hill ElementaryElementary9.8 km
George Bonner ElementaryElementary10.4 km
Evergreen Independent School(Independent)Elementary10.9 km
Sidney ElementaryElementary11.2 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: 7.7% ($85,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$880,000.00
Periodic payment — Principal & Interest (monthly)$5,677.46
Additional monthly expenses (strata, tax, utilities, etc.)$575.24
Total monthly cost$6,252.70
Interest paid over 5-yr term$252,210.53
Balance at end of term$791,562.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$85,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,804.99

Cash Needed at Closing

Minimum down payment$85,000
Estimated BC PTT$20,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,500

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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