- Active
150 Drake Road
Salt Spring · Single Family
- Beds
- 7
- Baths
- 7
- Sqft
- 4,891
- Built
- 1930
Listed by Macdonald Realty Salt Spring Island · MLS® 1049669
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Sign inAbout this home
Discover endless possibilities in this completely remodelled 4,900 sq. ft. character home, perfectly situated in town. Offering an impressive 8 bedrooms and 6 bathrooms, this versatile property is ideal for a multiple suite B&B (successfully run), extended family, a professional home office or anyone seeking exceptional space and flexibility. Original old-world charm has been thoughtfully preserved, including bay windows, wood floors, crown molding, built-ins and other timeless details, while extensive updates bring modern comfort with upgraded electrical and plumbing throughout, new roof (2026) a heat pump for the upper levels, and radiant in-floor heating on the lower level. The 2009 basement level complements the two fully renovated upper floors, while the spectacular 1,100 sq. ft. concrete deck provides an outstanding setting for entertaining and enjoying the views. Adjacent to Mouat Park and just an easy stroll to all town amenities, this is a rare opportunity to own a substantial, character-filled property with remarkable versatility and potential. Absolutely fabulous!
Home facts
- Bedrooms
- 7
- Bathrooms
- 7 full
- Interior
- 4,891 sq ft
- Lot size
- 7,841 sq ft
- Year built
- 1930
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Salt Spring
- Style
- Character
- Listed
- September 14, 2026
- Structure
- House
- PID
- 028-052-838
- Common interest
- Condo/Strata
Highlights
- Ocean view
Features and inclusions
- Heating
- Heat Pump, Forced air, Electric, Wood, Other
- Cooling
- Air Conditioned
- Parking
- Detached Garage, Garage
- Lot
- Cul-de-sac, Level lot, Partially cleared, Rectangular
- Community
- Family Oriented, Pets Allowed
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
- $7,418
- Property tax
- $458/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $8,026
Purchase snapshot
- List price
- $1,565,000
- Down payment
- $313,000 (20%)
- Estimated mortgage
- $1,252,000
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.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 43%
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.
