Property Type: Detached HouseOwnership: Freehold

378 Wright Rd

Salt Spring, BC V8K2H8

$1,685,000

3 bed3 bath4 parking2,578 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
House
Lot size
8.74 acres
Zoning
Rural residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,833.68

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Ocean view

Parking

Total spaces
4 — covered indicated
Features
Carport

Room Dimensions

RoomLevelDimensions
WorkshopLower level
EnsuiteSecond level
Primary BedroomSecond level
StorageMain level
BathroomMain level
BathroomMain level
BedroomMain level
BedroomMain level
OfficeMain level
Laundry roomMain level
Family roomMain level
Dining nookMain level
KitchenMain level
Living room/Dining roomMain level
EntranceMain level

Listing Information

MLS®
1039082
Listed
June 7, 2026
Time on market
On the market for 85 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada SSI · Data source: CREA DDF.

Description

Perched on private ocean view bench with outstanding views, water features and incredible stoneworks, this 8 acre property has much to offer. The home’s architecture pays homage to its site, with an open-minded floor plan that clearly enjoys a kindred connection to outdoor living. Classic west coast interiors with modern essentials welcome laid back elegance while rambling sun decks and view filled terraces beckon the eye to the sea. The mature gardens are a canvas of texture, with stone walls and paths complementing unique zones for flowers and food. The architectural residence is instantly appealing. With masses of natural light, vaulted open spaces and windows in place of walls, it provides a clever interplay between indoors and out with unfettered views from every corner of the house. Tiered over two private levels, living spaces are comfortably appointed and well laid out. This is clearly a place to relax and have fun. A unique home and property for an inspiring island lifestyle. (id:63159)

Values & Trends

This listing

$654/sqft

Building average

No other active listings in this building

Salt Spring average

$761/sqft

81 active listing(s)

Parking: 4 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: 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
Salt Spring ElementaryElementary3.6 km
Phoenix PlaceSecondary3.6 km
Gulf Islands SecondarySecondary3.6 km
Fernwood ElementaryElementary9.5 km
Maple Bay ElementaryElementary9.6 km
Crofton Elementary Community SchoolElementary10.4 km
Bench ElementaryElementary12.4 km
Queen of Angels School(Independent)Elementary/Middle12.5 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: 20.0% ($337,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,348,000.00
Periodic payment — Principal & Interest (monthly)$8,696.84
Additional monthly expenses (strata, tax, utilities, etc.)$781.81
Total monthly cost$9,478.65
Interest paid over 5-yr term$386,340.67
Balance at end of term$1,212,530.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$337,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,365.65

Cash Needed at Closing

Minimum down payment$337,000
Estimated BC PTT$31,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$370,200

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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