- Active
123 Smith Road
Salt Spring · Single Family
- Beds
- 4
- Baths
- 6
- Sqft
- 4,864
- Built
- 2013
Listed by Easy List Realty · MLS® 1032734
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
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!
Home facts
- Bedrooms
- 4
- Bathrooms
- 6 full
- Interior
- 4,864 sq ft
- Lot size
- 21,344 sq ft
- Year built
- 2013
- Parking
- 6
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Salt Spring
- Style
- Westcoast
- Listed
- April 18, 2026
- Structure
- House
- PID
- 002-727-145
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Waterfront
- Double garage
Features and inclusions
- Appliances
- Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave, Freezer, Oven - Built-In
- Heating
- Heat Pump, Baseboard heaters, Hot Water, Other
- Cooling
- None
- Parking
- Garage, RV, Visitor Parking, Additional Parking
- Lot
- Acreage, Private setting, Southern exposure, Wooded area, Sloping, Other, Marine Oriented, Moorage
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $10,404
- Property tax
- $642/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $11,195
Purchase snapshot
- List price
- $2,195,000
- Down payment
- $439,000 (20%)
- Estimated mortgage
- $1,756,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 71%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
