Property Type: Land / LotOwnership: Freehold

LOT 2 NORTH END ROAD

Salt Spring Island, BC V0V0V0

$1,800,000

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Property Details

Property & Lot

Lot size
3.93 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$7,397.19 (2025)

Interior

Fireplace
None

Exterior & Lot

Waterfront
Waterfront

Listing Information

MLS®
R3047282
Listed
September 12, 2025
Time on market
On the market for 353 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX LIFESTYLES REALTY · Data source: CREA DDF.

Description

Great building site with low bank ocean views of Trincomali Channel. Approximately 210 feet of ocean frontage! 3.86 Acres, Access via North End Road, Salt Spring Island. Call your REALTOR for more information. (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.

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Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($360,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,440,000.00
Periodic payment — Principal & Interest (monthly)$9,290.39
Additional monthly expenses (strata, tax, utilities, etc.)$616.43
Total monthly cost$9,906.82
Interest paid over 5-yr term$412,708.14
Balance at end of term$1,295,284.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$360,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,073.10

Cash Needed at Closing

Minimum down payment$360,000
Estimated BC PTT$34,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$395,500

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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