Property Type: Land / LotOwnership: Strata

Site 20 171 Tripp Rd

Salt Spring, BC V8K1K5

$141,900

0 bed0 bath1 parking
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Property Details

Property & Lot

Lot size
1,350 square feet
Zoning
Commercial

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$125/mo
Annual property tax
$0

Interior

Heating
Other
Cooling / A/C
None
Fireplace
None

Exterior & Lot

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

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Listing Information

MLS®
1044097
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

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

Description

Located just two sites up from the lake with lake and mountain views, this site is vacant and is fully serviced with water, sewer, and hydro. Telephone, internet, and cable are available from local service providers. The park offers a wonderful common property that runs along the lakefront and features a large grass area, sandy beach, wharf, swimming dock, firepit, boat and kayak launch, and a Common building with laundry facilities along with men's and woman's washrooms and showers. There is a year round caretaker on site. Fees are $1500 a year and this includes water, sewer, and property taxes. Great Lakefront recreation getaway at an affordable price. Please note these sites are for recreation use and not for full time living. (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

SchoolTypeDistance
Fernwood ElementaryElementary3.2 km
Phoenix PlaceSecondary3.7 km
Gulf Islands SecondarySecondary3.7 km
Salt Spring ElementaryElementary4.0 km
Crofton Elementary Community SchoolElementary7.8 km
Maple Bay ElementaryElementary11.5 km
Chemainus SecondaryK-1214.4 km
Queen of Angels School(Independent)Elementary/Middle14.4 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($7,095) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$113,520.00
Periodic payment — Principal & Interest (monthly)$732.39
Additional monthly expenses (strata, tax, utilities, etc.)$125.00
Total monthly cost$857.39
Interest paid over 5-yr term$32,535.16
Balance at end of term$102,111.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,095
Stress test qualifying rate8.09%
Payment you must qualify for$1,036.60

Cash Needed at Closing

Minimum down payment$7,095
Estimated BC PTT$1,419
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,014

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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