808 Rainbow Rd
Salt Spring, BC V8K2M8
$1,699,000
Property Details
Property & Lot
- Lot size
- 10 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $7,041
Interior
- Heating
- Baseboard heaters
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 6 — uncovered indicated
- Features
- Stall
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Porch | Main level | 8'3 x 30'6 |
| Storage | Main level | 10'0 x 15'8 |
| Bedroom | Main level | 9'3 x 11'2 |
| Bedroom | Main level | 9'3 x 11'2 |
| Kitchen | Main level | 19'1 x 17'2 |
Listing Information
- MLS®
- 1037567
- Listed
- May 21, 2026
- Time on market
- On the market for 102 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
First time on market in over 50 years, this rare 10-acre waterfront-access property offers an exceptional opportunity to create a legacy estate on Salt Spring Island. Beautifully untouched and richly forested, the property enjoys access to Booth Canal—perfect for kayaking serene waterways out to the ocean. Level and sun-dappled with multiple prime building sites for a dream residence and guest cottage, plus subdivision potential. Established plum and apple trees, along with a former vineyard site, add to the idyllic island charm. Cherished by three generations as a private retreat, this property captures timeless Salt Spring living. Included is an adorable approx. 600 sq. ft. cabin with power, water, covered porch, and woodstove. Surface spring well with 600-gallon reservoir and septic system already in place. Peaceful, private, minutes to town, and offered under assessed value—an extraordinary island opportunity. (id:63159)
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
| School | Type | Distance |
|---|---|---|
| Phoenix Place | Secondary | 2.8 km |
| Gulf Islands Secondary | Secondary | 2.9 km |
| Salt Spring Elementary | Elementary | 3.2 km |
| Fernwood Elementary | Elementary | 4.9 km |
| Crofton Elementary Community School | Elementary | 7.4 km |
| Maple Bay Elementary | Elementary | 10.1 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.1 km |
| Alex Aitken | Elementary | 13.4 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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No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($339,800) — 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.