Property Type: Detached HouseOwnership: Freehold

400 BAKER ROAD

Salt Spring Island, BC V8K2N5

$2,600,000

1 bed0 bath2 parking937 sqftBuilt 2003
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Property Details

Property & Lot

Sub-type
House
Lot size
5.66 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,462 (2026)

Interior

Heating
Baseboard heaters, Wood
Fireplace
Yes (1)

Exterior & Lot

View
View

Parking

Total spaces
2

Listing Information

MLS®
R3088205
Listed
February 10, 2026
Time on market
On the market for 203 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.

Description

Incredible opportunity to own 5.66 acres in an exclusive enclave of fine homes, just 4 km from Ganges Village. Fully serviced and zoned for a primary residence, cabin, and studio, this property offers exceptional flexibility for a private estate, guest accommodations, or future income potential. The property is supported by a high-producing well yielding 60+ gallons per minute and includes a newly built water treatment facility. A charming cottage is already in place, providing comfortable accommodation while planning and constructing a custom dream home. (id:63159)

Values & Trends

This listing

$2,775/sqft

Building average

No other active listings in this building

Salt Spring Island average

$803/sqft

4 active listing(s)

Parking: 2 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

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

SchoolTypeDistance
Phoenix PlaceSecondary3.3 km
Gulf Islands SecondarySecondary3.3 km
Salt Spring ElementaryElementary3.7 km
Fernwood ElementaryElementary4.3 km
Crofton Elementary Community SchoolElementary7.2 km
Maple Bay ElementaryElementary10.4 km
Queen of Angels School(Independent)Elementary/Middle13.4 km
Alex AitkenElementary13.6 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)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($520,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,080,000.00
Periodic payment — Principal & Interest (monthly)$13,419.45
Additional monthly expenses (strata, tax, utilities, etc.)$168.83
Total monthly cost$13,588.29
Interest paid over 5-yr term$596,133.98
Balance at end of term$1,870,966.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$520,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,994.47

Cash Needed at Closing

Minimum down payment$520,000
Estimated BC PTT$56,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$577,500

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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