Salt Spring · V8K1M1
$1,864/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Affordable lakefront opportunity at Cedar Beach Resort on St. Mary’s Lake, Salt Spring Island’s largest lake. This turn-key detached one-bedroom cottage offers privacy, lake views, and a sunny south-facing deck in a peaceful resort setting. Nicely renovated and move-in ready, it’s ideal as a personal retreat, full-time residence, or rental opportunity when not in use. Enjoy excellent shared amenities including a sandy beach, dock facilities, swimming, fishing, and a spacious lakeside clubhouse with indoor and outdoor gathering areas.
1
Beds
360 ft²
Floor area
1960
Year built
Single Family
Type
Salt Spring
Area
Listed
May 20, 2026
$349,000 is 66.2% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
48 min
walk to Country Grocer
1h 16m
bike to Alderlea Station
4h 11m
walk to Alderlea Station
2h 9m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 64%
| Detached | 35 | 63.6% |
| Land | 12 | 21.8% |
| Townhouse | 3 | 5.5% |
| Other | 2 | 3.6% |
| Condo / Apartment | 1 | 1.8% |
| Other | 2 | 3.6% |
| Under $5,000 | 5 | 1.0% |
| $10,000 to $14,999 | 5 | 1.0% |
| $15,000 to $19,999 | 10 | 2.0% |
| $20,000 to $24,999 | 25 | 5.0% |
| $25,000 to $29,999 | 10 | 2.0% |
| $30,000 to $34,999 | 15 | 3.0% |
| $35,000 to $39,999 | 25 | 5.0% |
| $40,000 to $44,999 | 20 | 4.0% |
| $45,000 to $49,999 | 20 | 4.0% |
| $50,000 to $59,999 | 30 | 5.9% |
| $60,000 to $69,999 | 30 | 5.9% |
| $70,000 to $79,999 | 30 | 5.9% |
| $80,000 to $89,999 | 35 | 6.9% |
| $90,000 to $99,999 | 25 | 5.0% |
| $100,000 to $124,999 | 65 | 12.9% |
| $125,000 to $149,999 | 45 | 8.9% |
| $150,000 to $199,999 | 55 | 10.9% |
| $200,000 and over | 55 | 10.9% |
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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
$1,864
Principal and interest
Calculated estimate
$1,614
Property tax
Calculated estimate
$100/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$349,000
Down payment
Calculated estimate
$69,800 (20%)
Estimated mortgage
Calculated estimate
$279,200
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
$1,864
/mo
Rate
%
Amortization
Principal and interest
$1,614
Property tax (est.)
$100
P&I
Tax
Down payment
$69,800 (20%)
Get Pre-Approved
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 $69,800 down (20%) on $349,000, 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.
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.
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.
