- Active
351 Elizabeth Drive
Salt Spring Island · Single Family Residence
- Beds
- 2
- Baths
- 2
- Sqft
- 1,539
- Built
- 1990
Listed by NEWPORT REALTY (VREB) · MLS® R3140313
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About this home
Perched in a sunny, elevated setting just minutes from Ganges, this designer-inspired home offers the perfect blend of style, comfort, and convenience. Filled with natural light, the beautifully maintained 2-bedroom, 2-bath residence features vaulted ceilings, expansive windows, and effortless one-level living. The indoors flow seamlessly to inviting outdoor spaces where you can relax and enjoy peaceful ocean glimpses against a backdrop of Mount Erskine. Set on a private 0.88-acre property, the home offers a rare sense of tranquility without sacrificing accessibility. The thoughtfully designed second bedroom includes its own private entrance, kitchenette, and full bathroom, making it ideal for guests, extended family, or potential Bed & Breakfast income.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,539 sq ft
- Year built
- 1990
- Storey
- 1
- Parking
- 6
- Property type
- Single Family Residence
- Basement
- Crawl Space
- Carport
- No
- Fireplace
- 1
- Area
- Islands-Van. & Gulf
- Sub-area
- Salt Spring Island
- Structure
- Residential Detached
Highlights
- Balcony
- High ceilings
Features and inclusions
- Heating
- Baseboard, Wood
- Parking
- Open, Asphalt
- Lot
- Recreation Nearby
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which 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
- $5,214
- Property tax
- $325/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,689
Purchase snapshot
- List price
- $1,100,000
- Down payment
- $220,000 (20%)
- Estimated mortgage
- $880,000
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
Space and layout
Room sizes and building details need a free account
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Home value
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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 · 71%
Who lives here
Documents
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