Property Type: Condo / ApartmentOwnership: Strata

Cabin 3 1136 North End Rd

Salt Spring, BC V8K1M1

$349,000

1 bed1 bath1 parking360 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Lot size
4.18 acres
Zoning
Commercial

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$527/mo
Annual property tax
$0

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Lake view, Mountain view, Valley view
Waterfront
Waterfront on lake

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
KitchenMain level
Living roomMain level
BathroomMain level4-Piece
BedroomMain level

Listing Information

MLS®
1037013
Listed
May 20, 2026
Time on market
On the market for 104 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Salt Spring · Data source: CREA DDF.

Description

Affordable lakefront opportunity at Cedar Beach Resort on St. Mary’s Lake, Salt Spring Island’s largest lake. This turn-key detached one-bedroom cottage offers privacy, lake views, and a sunny south-facing deck in a peaceful resort setting. Nicely renovated and move-in ready, it’s ideal as a personal retreat, full-time residence, or rental opportunity when not in use. Enjoy excellent shared amenities including a sandy beach, dock facilities, swimming, fishing, and a spacious lakeside clubhouse with indoor and outdoor gathering areas. (id:63159)

Values & Trends

This listing

$969/sqft

Building average

No other active listings in this building

Salt Spring average

$830/sqft

8 active listing(s)

Parking: 1 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
Fernwood ElementaryElementary2.7 km
Phoenix PlaceSecondary3.7 km
Gulf Islands SecondarySecondary3.7 km
Salt Spring ElementaryElementary4.0 km
Crofton Elementary Community SchoolElementary8.5 km
Maple Bay ElementaryElementary12.2 km
Galiano Community SchoolElementary14.6 km
Chemainus SecondaryK-1214.8 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

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$279,200.00
Periodic payment — Principal & Interest (monthly)$1,801.30
Additional monthly expenses (strata, tax, utilities, etc.)$545.00
Total monthly cost$2,346.30
Interest paid over 5-yr term$80,019.52
Balance at end of term$251,141.30

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,549.50

Cash Needed at Closing

Minimum down payment$17,450
Estimated BC PTT$4,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,930

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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