- Active
351 Elizabeth Drive
Salt Spring · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,539
- Built
- 1990
Listed by Newport Realty Ltd. · MLS® 1041352
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Sign inAbout 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. Centrally located with easy access to all three ferry terminals, this is an exceptional opportunity for full-time living, a weekend retreat, or a lock-and-leave island getaway.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,539 sq ft
- Year built
- 1990
- Parking
- 3
- Property type
- Single Family
- Fireplace
- 1
- Area
- Salt Spring
- Style
- Westcoast
- Listed
- June 23, 2026
- Structure
- House
- PID
- 002-973-952
- Common interest
- Freehold
Highlights
- High ceilings
Features and inclusions
- Heating
- Baseboard heaters, Electric, Wood
- Cooling
- None
- Lot
- Irregular lot size
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
- $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
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
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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