Salt Spring · V8K1C3
$10,945/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Excellent opportunity to acquire one of the few commercial properties in the Fernwood area of Salt Spring. This surprisingly busy corner includes the Flora Cafe and is steps away from Fernwood Dock and only 10 minutes to Ganges. Currently operating as the highly popular ‘Off the Hook’ restaurant, this 1/3 acre property boasts stunning ocean views and is improved with an approximate 3,400 sq.ft building with a licensed restaurant and 3-bed suite above, perfect for staff or an owner/operator. Licensed for 100 seats, the property has 100 indoor seats and a seasonal patio for 48 guests, the building had significant renovations in recent years with all new main floor plumbing, elec. upgrades, commercial kitchen, new roof and flooring, custom bar, paving and more. This property shows like new with high quality finishings including a 24' long custom live edge liquor and sushi bar, outdoor wood fired pizza oven, modern lighting and more. On-site storage includes an exterior cooler and sea can.
Other
Type
Salt Spring
Area
Listed
August 5, 2026
Nearby & Commute
1h 38m
walk to Country Grocer
1h 26m
bike to Alderlea Station
4h 46m
walk to Alderlea Station
2h 2m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 75%
| Detached | 43 | 75.4% |
| Land | 7 | 12.3% |
| Other | 3 | 5.3% |
| Townhouse | 2 | 3.5% |
| Condo / Apartment | 1 | 1.8% |
| Other | 1 | 1.8% |
| $15,000 to $19,999 | 10 | 4.7% |
| $20,000 to $24,999 | 5 | 2.3% |
| $25,000 to $29,999 | 10 | 4.7% |
| $30,000 to $34,999 | 10 | 4.7% |
| $40,000 to $44,999 | 15 | 7.0% |
| $45,000 to $49,999 | 10 | 4.7% |
| $50,000 to $59,999 | 25 | 11.6% |
| $60,000 to $69,999 | 15 | 7.0% |
| $70,000 to $79,999 | 20 | 9.3% |
| $80,000 to $89,999 | 15 | 7.0% |
| $90,000 to $99,999 | 15 | 7.0% |
| $100,000 to $124,999 | 20 | 9.3% |
| $125,000 to $149,999 | 15 | 7.0% |
| $150,000 to $199,999 | 20 | 9.3% |
| $200,000 and over | 10 | 4.7% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$10,945
Principal and interest
Calculated estimate
$10,153
Property tax
Calculated estimate
$642/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,195,000
Down payment
Calculated estimate
$439,000 (20%)
Estimated mortgage
Calculated estimate
$1,756,000
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
$10,945
/mo
Rate
%
Amortization
Principal and interest
$10,153
Property tax (est.)
$642
P&I
Tax
Down payment
$439,000 (20%)
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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 $439,000 down (20%) on $2,195,000, 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.
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.
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.
