Property Type: Land / LotOwnership: Freehold

672 ISABELLA POINT ROAD

Salt Spring Island, BC V8K1V6

$3,200,000

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Property Details

Property & Lot

Lot size
6.07 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,495 (2025)

Interior

Fireplace
None

Exterior & Lot

View
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Listing Information

MLS®
R3098257
Listed
March 10, 2026
Time on market
On the market for 174 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Discovery... This driveway will creatively change your life. Discover the peaceful allure of Salt Spring and its "south end" charm. Six acres, park reserve with easy access trails on two boundaries, walk-on sandy beach at low tide, excellent water (drilled well), and the plus of a stalwart boat storage structure with option for studio above... live here while designing your home, lovingly nestled in the inspiring natural environment. SSI is part of the Islands Trust, a government body "to preserve and protect" the environmental beauties of the Gulf Islands. It has been in place since 1974, and development has been strictly controlled by strong zonings and protective bylaws. 3 separate ferries and two regular floatplane companies service the island and all services/amenities are near! (id:63159)

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
Deep Cove ElementaryElementary7.9 km
Parkland SecondarySecondary9.1 km
North Saanich Middle SchoolMiddle9.7 km
Sidney ElementaryElementary11.4 km
Bench ElementaryElementary12.3 km
Salt Spring ElementaryElementary12.3 km
Phoenix PlaceSecondary12.5 km
Gulf Islands SecondarySecondary12.5 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)

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Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($640,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,560,000.00
Periodic payment — Principal & Interest (monthly)$16,516.25
Additional monthly expenses (strata, tax, utilities, etc.)$291.25
Total monthly cost$16,807.50
Interest paid over 5-yr term$733,703.36
Balance at end of term$2,302,728.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$640,000
Stress test qualifying rate8.09%
Payment you must qualify for$19,685.50

Cash Needed at Closing

Minimum down payment$640,000
Estimated BC PTT$78,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$719,500

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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