Salt Spring · V8K1P7
$3,587/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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The Cottages on Salt Spring Island are a Gulf Island treasure located on the shore of Bullock Lake just 2 minutes from Ganges. This detached lakefront home features a great room concept with a bright and sunny kitchen featuring a center island with seating. The living area has a separate dining area, a cozy fireplace and hardwood floors leading out to the large, covered private deck ideal for enjoying the peaceful lake views. The upper floor has a primary bedroom with an open loft to the living room, deluxe ensuite with separate shower and oversized soaker tub. The lower level has a second primary bedroom, ensuite and its own lakeview walk out patio. This Cottage is ideally located only steps to the dock and comes fully furnished and appointed. Enjoy your Cottage as much as you like or take advantage of the optional nightly managed rental program for supplemental income when you’re off island. GST Applicable.
2
Beds
1,285 ft²
Floor area
1998
Year built
Single Family
Type
Salt Spring
Area
Listed
April 29, 2026
$699,900 is 32.1% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
25 min
walk to Country Grocer
1h 21m
bike to Alderlea Station
4h 30m
walk to Alderlea Station
2h 9m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 40%
| Detached | 21 | 39.6% |
| Land | 15 | 28.3% |
| Townhouse | 12 | 22.6% |
| Other | 4 | 7.5% |
| Mobile home | 1 | 1.9% |
| Under $5,000 | 5 | 1.0% |
| $15,000 to $19,999 | 10 | 2.0% |
| $20,000 to $24,999 | 65 | 13.1% |
| $25,000 to $29,999 | 35 | 7.1% |
| $30,000 to $34,999 | 30 | 6.1% |
| $35,000 to $39,999 | 25 | 5.1% |
| $40,000 to $44,999 | 30 | 6.1% |
| $45,000 to $49,999 | 30 | 6.1% |
| $50,000 to $59,999 | 40 | 8.1% |
| $60,000 to $69,999 | 40 | 8.1% |
| $70,000 to $79,999 | 35 | 7.1% |
| $80,000 to $89,999 | 20 | 4.0% |
| $90,000 to $99,999 | 20 | 4.0% |
| $100,000 to $124,999 | 35 | 7.1% |
| $125,000 to $149,999 | 25 | 5.1% |
| $150,000 to $199,999 | 30 | 6.1% |
| $200,000 and over | 20 | 4.0% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$3,587
Principal and interest
Calculated estimate
$3,237
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$699,900
Down payment
Calculated estimate
$139,980 (20%)
Estimated mortgage
Calculated estimate
$559,920
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
$3,587
/mo
Rate
%
Amortization
Principal and interest
$3,237
Property tax (est.)
$200
P&I
Tax
Down payment
$139,980 (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 $139,980 down (20%) on $699,900, 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.
