351 ELIZABETH DRIVE
Salt Spring Island, BC V8K1J5
$1,100,000
Property Details
Property & Lot
- Sub-type
- House
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,451 (2025)
Interior
- Basement
- Unfinished, Crawl space, Unknown
- Heating
- Baseboard heaters, Wood
- Fireplace
- Yes (1)
Exterior & Lot
- View
- View
Parking
- Total spaces
- 6
Listing Information
- MLS®
- R3140313
- Listed
- June 26, 2026
- Time on market
- On the market for 66 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
Perched in a sunny, elevated setting just minutes from Ganges, this designer-inspired home offers the perfect blend of style, comfort, and convenience. Filled with natural light, the beautifully maintained 2-bedroom, 2-bath residence features vaulted ceilings, expansive windows, and effortless one-level living. The indoors flow seamlessly to inviting outdoor spaces where you can relax and enjoy peaceful ocean glimpses against a backdrop of Mount Erskine. Set on a private 0.88-acre property, the home offers a rare sense of tranquility without sacrificing accessibility. The thoughtfully designed second bedroom includes its own private entrance, kitchenette, and full bathroom, making it ideal for guests, extended family, or potential Bed & Breakfast income. (id:63159)
Values & Trends
This listing
$715/sqft
Building average
—
No other active listings in this building
Salt Spring Island average
$1,318/sqft
4 active listing(s)
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: Duncan
14°C
—
Humidity 86%
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
| School | Type | Distance |
|---|---|---|
| Phoenix Place | Secondary | 3.4 km |
| Gulf Islands Secondary | Secondary | 3.4 km |
| Salt Spring Elementary | Elementary | 3.8 km |
| Fernwood Elementary | Elementary | 4.0 km |
| Crofton Elementary Community School | Elementary | 7.3 km |
| Maple Bay Elementary | Elementary | 10.7 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.7 km |
| Alex Aitken | Elementary | 13.8 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)
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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
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.