Property Type: Detached HouseOwnership: Freehold

Lot A Twilight Island

Salt Spring, BC V8K1X6

$965,000

1 bed1 bath896 sqft
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Property Details

Property & Lot

Sub-type
House
Lot size
19,166 square feet
Zoning
Residential

Rural Island (Ri)

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,134.66

Interior

Heating
Propane, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

Waterfront
Waterfront on ocean

Parking

Features
None

Room Dimensions

RoomLevelDimensions
EnsuiteMain level
BedroomMain level
Dining roomMain level
KitchenMain level
Living roomMain level

Listing Information

MLS®
1028894
Listed
March 17, 2026
Time on market
On the market for 168 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada SSI · Data source: CREA DDF.

Description

Twilight Island - With ease of access and outstanding outlooks, this private island retreat is an escape to simplicity, peace and nature that soothes without opulance. Welcoming laid back repose with amenities close at hand, pristine shoreline and private beaches transcend traditional retreat as only an island can. Both manageable in scale and simple to operate, Twilight Island represents a rare opportunity to turn back time just a little, with private dock and excellent cell service to keep you in the here and now. (id:63159)

Values & Trends

This listing

$1,077/sqft

Building average

No other active listings in this building

Salt Spring average

$756/sqft

81 active listing(s)

Parking: Not indicatedStorage 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

13°C

Humidity 92%

Wind SSW 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
Salt Spring ElementaryElementary3.9 km
Gulf Islands SecondarySecondary4.2 km
Phoenix PlaceSecondary4.3 km
Fernwood ElementaryElementary9.8 km
Galiano Community SchoolElementary10.3 km
Mayne Island SchoolElementary12.7 km
Crofton Elementary Community SchoolElementary14.1 km
Maple Bay ElementaryElementary14.2 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)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($71,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$772,000.00
Periodic payment — Principal & Interest (monthly)$4,980.68
Additional monthly expenses (strata, tax, utilities, etc.)$222.89
Total monthly cost$5,203.57
Interest paid over 5-yr term$221,257.42
Balance at end of term$694,416.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$71,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,870.70

Cash Needed at Closing

Minimum down payment$71,500
Estimated BC PTT$17,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$90,300

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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