378 Rainbow Rd
Salt Spring, BC V8K2M4
$1,775,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 19.72 acres
- Zoning
- Agricultural
A1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $1,213.77
Interior
- Heating
- Baseboard heaters, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 15
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Entrance | Main level | 5'5 x 5'11 |
| Bathroom | Main level | 6'4 x 8'3 |
| Primary Bedroom | Main level | 14'2 x 11'11 |
| Bedroom | Main level | 10'4 x 11'10 |
| Kitchen | Main level | 9'9 x 10'7 |
| Dining room | Main level | 9'8 x 10'2 |
| Living room | Main level | 14'8 x 14'10 |
Listing Information
- MLS®
- 1041854
- Listed
- June 30, 2026
- Time on market
- On the market for 63 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Rare, and like no other property on Salt Spring Island, is where you will discover dreams come true of owning approx. 20 acres of sun soaked farmable land & walking distance to Ganges. The land has been thoughtfully planned out & their labor of love is self-evident. Revenue producing property for tradesmen and artisans; can start operating your business in this impressive spacious covered shop with storage & parking for equipment. Newly installed greenhouses with power allow you to have vegetables all year round. Regenerative Farming practices implemented with moveable fencing to allow cattle to graze throughout numerous pastures. Fenced corral and squeeze area for various livestock. Rain Water Harvesting system intelligently designed to take advantage of the rainy seasons & the added bonus of having Okano/Aske Creek run through the property & water license. Rental pads for farming help which adds additional supplemental income. Self sufficient lifestyle starts at 378 Rainbow Road. (id:63159)
Values & Trends
This listing
$1,923/sqft
Building average
—
No other active listings in this building
Salt Spring average
$746/sqft
81 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
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
4
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Phoenix Place | Secondary | 882 m |
| Gulf Islands Secondary | Secondary | 954 m |
| Salt Spring Elementary | Elementary | 1.3 km |
| Fernwood Elementary | Elementary | 6.1 km |
| Crofton Elementary Community School | Elementary | 9.2 km |
| Maple Bay Elementary | Elementary | 10.7 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.8 km |
| Galiano Community School | Elementary | 14.0 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.
Nearby Places
Parks (2)
- Mouat Park633 m
- Rainbow Road Recreation Centre660 m
Nearby places data: © OpenStreetMap contributors.
School district: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($355,000) — 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.