, Salt Spring Island, BC, MLS® R2994466

$4,980,000
Est. Mortgage /mo

15.6% price reduction

$4,980,000
$5,900,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
3 Baths
2 Stories
lot 655578 sqft
4218 sqft
1999 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

, Salt Spring Island, BC | MLS® R2994466 Property Details

15.6% price reduction

The south-facing "Ridge" House is an architectural icon on Salt Spring Island. With an expansive valley view, and overlooks two natural ponds connected by a seasonal creek with the mountains of Vancouver Island serving as backdrop. nestled in an array of gardens with water features, the design of the Ridge House was inspired by Frank Lloyd Wright. The extensive use of granite, flat rooflines and a rectilinear plan are true to the inspiration, while soaring windows and skylights bring light and nature inside. Renovations include a newer chefs kitchen with Miele appliances; LED lighting and updates to the master Bedroom and ensuite. Patios and decks surround the house. A pastoral setting extraordinaire.

General Info

Price $4,980,000
Total Bedrooms 2
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 4218
Lot Size 15.05
Lot Size Depth Feet
Lot Size Frontage 0
Basement Full
Basement Features BasementFeatures

Property Metrics

Year Built 1999
Age Of Building 26
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2994466
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Gross Taxes $17,441
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 2
Heating Type Forced Air

Utilities

Utility Type Electricity Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled

Parking

Parking Type Additional Parking, Carport Multiple
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning R
Rental Suites None
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View 1
View Description Valley
Units In Development -
Sewer Septic Tank
Roof Torch-On

Property History

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Status Date Price
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Listed by: NEWPORT REALTY (VREB) & Sea to Sky Premier Properties

NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary
Salt Spring Centre School
3.93 km
Secondary
Penelakut Island Learning Centre
16.11 km

Closest Transit

Bus Stop
Hospital
0.13 km
Skytrain
Skytrain @ Brighouse Stn
43.52 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to the Charming Community of Salt Spring Island, BC

As we stroll through the picturesque streets of Salt Spring Island, I'm excited to share with you the unique features and benefits of this beautiful neighborhood. Located just off the coast of Vancouver, Salt Spring Island offers a tranquil retreat from the hustle and bustle of city life.

Schools

Let's start with the importance of education. For families, having access to quality schools is a top priority. The closest Elementary independent school to this home for sale, located at , is Salt Spring Centre School, with a School's rating of No Rating. Although there isn't a rating, the school is conveniently located just 3.93 km from this home. For Secondary education, the closest independent school is Penelakut Island Learning Centre, also with a No Rating, situated 16.11 km from this address. Families love this area because of its proximity to schools and the strong sense of community that comes with it.

Crime

Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has a crime rate of 5,790.45, which is Below Average compared to other Canadian cities. The rate is based on incidents per 100,000 population, giving you peace of mind when it comes to the security of this home. In fact, the year-over-year change in the total crime rate is -19.59%. Additionally, the neighborhood surrounding MLS® R2994466 has a Low Drug crime rate, with a rating of 44.13 and only 5 incidents in 2020. The year-over-year change in the illegal substances offenses ranking is -48.89%. You can rest assured that this neighborhood is a safe and welcoming place to call home.

Demographics

What's the lifestyle like in this neighborhood? Let's dive into the demographics. According to the data, 33.6% of people with a university certificate/degree live in this area, which is High compared to other BC neighborhoods. On the other hand, only 10.2% of the population have no certificate or degree, making it Low compared to the average in BC. This community values education and has a strong focus on personal growth. Moreover, the median household income near this dwelling is $59,077, which is Below Average in comparison to the British Columbia average. However, the median personal income is $29,978, also Below Average. With 46.7% of households having a mortgage, this rate is considered Low.

Transit

Let's talk about commuting convenience. The closest Bus station is Hospital, located just 0.13 km away from this listing with MLS® R2994466. With easy access to public transportation, you can get where you need to go without the hassle of driving.

Lifestyle Amenities

This neighborhood offers a plethora of lifestyle amenities that enhance the overall quality of life. With an average dwelling value of $627,218, this area is considered High compared to other areas in British Columbia. The average owner payments are Below Average, with homeowners spending $1,106 on average per month. Tenants are paying $1,007 in this district, which is Average compared to other cities. Additionally, 24% of the population in this district are renters, making it Average compared to other BC cities and areas.

Real Estate Context

In terms of real estate, this neighborhood is a sought-after destination for homebuyers. With a high average value of dwellings and a mix of owner-occupied and rental properties, this area offers a unique blend of lifestyle and investment opportunities.

Insider Insights

As a seasoned realtor with extensive knowledge of the Salt Spring Island market, I can confidently say that this neighborhood offers a unique blend of tranquility, safety, and community spirit. Whether you're a family looking for a safe and nurturing environment or an individual seeking a peaceful retreat from the city, this home for sale is an excellent choice.

Experience the Best of Salt Spring Island

Come and experience the beauty of Salt Spring Island for yourself. With its stunning natural scenery, vibrant arts scene, and strong sense of community, this island is the perfect place to call home. Contact me today to schedule a viewing and make your dreams a reality.

Keywords: Salt Spring Island, BC, MLS® R2994466, ,

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $4,980,000
Salt Spring Island No comparables
Salt Spring Island No comparables
Data is based on list prices of similar active listings. 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

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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