About this home

First time on market in over 50 years, this rare 10-acre waterfront-access property offers an exceptional opportunity to create a legacy estate on Salt Spring Island. Beautifully untouched and richly forested, the property enjoys access to Booth Canal—perfect for kayaking serene waterways out to the ocean. Level and sun-dappled with multiple prime building sites for a dream residence and guest cottage, plus subdivision potential. Established plum and apple trees, along with a former vineyard site, add to the idyllic island charm. Cherished by three generations as a private retreat, this property captures timeless Salt Spring living. Included is an adorable approx. 600 sq. ft. cabin with power, water, covered porch, and woodstove. Surface spring well with 600-gallon reservoir and septic system already in place. Peaceful, private, minutes to town, and offered under assessed value—an extraordinary island opportunity.

Home facts

Year built: 1975
Parking: 6
Property type: Vacant Land
Fireplace: 1
Area: Salt Spring
Listed: May 21, 2026
PID: 004-733-738
Common interest: Freehold

Highlights

Waterfront

Features and inclusions

Heating: Baseboard heaters
Cooling: None

Rooms and building

Water
Zoning: Residential

Listed by eXp Realty. Last updated Sep 29, 2026, 2:35 PM.

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: $8,053
Property tax: $492/mo
Home insurance: $150/mo
Estimated monthly total: $8,695

Purchase snapshot

List price: $1,699,000
Down payment: $339,800 (20%)
Estimated mortgage: $1,359,200

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

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

Open the map

Walk to Country Grocer38 min

Bike to Alderlea Station1h 7m

Walk to Alderlea Station3h 44m

Drive to downtown Vancouver2h 15m

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 · 59%

Homes for sale nearby, by type

Detached30 for sale

Land12 for sale

Townhouse9 for sale

Active listings within 3 km of this home.

Homes built in Saltspring Island, by type

Single-detached86.2% · 1,215

Apartment in duplex6.7% · 95

Movable dwelling2.8% · 40

Low-rise apartment2.5% · 35

Semi-detached1.4% · 20

Row house0.4% · 5

Source: Statistics Canada, 2021 Census of Population. 1,410 dwellings.

Who lives here

Statistics Canada area 59170635 · Saltspring Island

Median age: 55
Renter households: 19%
Average household size: 2.2
Median household income: $81,000

Population (2021): 3,255
Median rent: $1,150
Owner shelter cost: $980
30%+ of income on shelter: 27%
Owner households: 81%
Households with kids: 23%
Immigrants: 21%
Post-secondary: 69%
Average home value (2021): $956,000

Breakdown

Under $5,0001.1% · 15

$5,000 to $9,9990.7% · 10

$10,000 to $14,9991.1% · 15

$15,000 to $19,9993.2% · 45

$20,000 to $24,9993.5% · 50

$25,000 to $29,9994.2% · 60

$30,000 to $34,9994.6% · 65

$35,000 to $39,9992.8% · 40

$40,000 to $44,9994.2% · 60

$45,000 to $49,9992.8% · 40

$50,000 to $59,9996.7% · 95

$60,000 to $69,9997.4% · 105

$70,000 to $79,9997.4% · 105

$80,000 to $89,9995.7% · 80

$90,000 to $99,9995.7% · 80

$100,000 to $124,99912.4% · 175

$125,000 to $149,9998.8% · 125

$150,000 to $199,9998.8% · 125

$200,000 and over8.8% · 125

Source: Statistics Canada, 2021 Census Profile, dissemination area 59170635.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Zoning and land-use recordsReview permitted uses and development constraints.
Survey or site planReview boundaries, structures, and encroachments.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

Availability is not guaranteed. Review documents with a professional.

808 Rainbow Road

About this home