123 Smith Road
Salt Spring · V8K2W9
$11,928/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Salt Spring · V8K2W9
$11,928/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
For more information, please click Brochure button. Salt Spring Island waterfront home for sale in coveted Musgrave Landing—an architecturally striking timber-frame residence on a private 0.5-acre oceanfront lot with a private dock and access to deep-water moorage. Offering approximately 5,264 sq ft over three levels, this road-accessible Gulf Islands retreat blends West Coast craftsmanship with modern luxury. The main home features 3 bedrooms plus a flexible full studio guest accommodation, 4 full bathrooms and 2 powder rooms, generous indoor–outdoor living, and an oversized two-car garage - 596 sq ft. Thoughtful extras include a fully equipped woodworking shop, dedicated cold storage, and a year-round golf simulator—all ideal for work, hobbies, and entertaining. Set within a well-managed Bare Land Strata, owners enjoy amenities rarely found on Salt Spring: a large community dock with deep-water moorage, plus a tennis/pickleball court and shared green spaces. From your dock it’s roughly a 10–15 minute boat ride to Cowichan Bay on Vancouver Island—perfect for groceries, the farmers’ market, dining, and services. An exceptional opportunity for a private oceanfront residence, vacation property, or retreat on Salt Spring Island. Experience Salt Spring Island’s best combination of waterfront, moorage, privacy, and access. Do not miss out!
4
Beds
4,864 ft²
Floor area
2013
Year built
Single Family
Type
Salt Spring
Area
Listed
April 19, 2026
$2,395,000 is 132.2% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
1h 37m
walk to Country Grocer
56 min
bike to nearest SkyTrain station
3h 8m
walk to nearest SkyTrain station
2h 41m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 64%
| Detached | 85 | 64.4% |
| Land | 21 | 15.9% |
| Duplex | 7 | 5.3% |
| Townhouse | 7 | 5.3% |
| Other | 5 | 3.8% |
| Other | 7 | 5.3% |
| Under $5,000 | 15 | 1.1% |
| $5,000 to $9,999 | 10 | 0.7% |
| $10,000 to $14,999 | 15 | 1.1% |
| $15,000 to $19,999 | 45 | 3.2% |
| $20,000 to $24,999 | 50 | 3.5% |
| $25,000 to $29,999 | 60 | 4.2% |
| $30,000 to $34,999 | 65 | 4.6% |
| $35,000 to $39,999 | 40 | 2.8% |
| $40,000 to $44,999 | 60 | 4.2% |
| $45,000 to $49,999 | 40 | 2.8% |
| $50,000 to $59,999 | 95 | 6.7% |
| $60,000 to $69,999 | 105 | 7.4% |
| $70,000 to $79,999 | 105 | 7.4% |
| $80,000 to $89,999 | 80 | 5.7% |
| $90,000 to $99,999 | 80 | 5.7% |
| $100,000 to $124,999 | 175 | 12.4% |
| $125,000 to $149,999 | 125 | 8.8% |
| $150,000 to $199,999 | 125 | 8.8% |
| $200,000 and over | 125 | 8.8% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$11,928
Principal and interest
Calculated estimate
$11,078
Property tax
Calculated estimate
$700/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,395,000
Down payment
Calculated estimate
$479,000 (20%)
Estimated mortgage
Calculated estimate
$1,916,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$11,928
/mo
Rate
%
Amortization
Principal and interest
$11,078
Property tax (est.)
$700
P&I
Tax
Down payment
$479,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $479,000 down (20%) on $2,395,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.