$3,000,000

107 ATKINS ROAD

Salt Spring Island, Salt Spring · MLS® C8074854

81,000 sq ft lot

Land · Vacant Land · 275 days on market

Listed by Rik de Voest, eXp Realty

Realtor's description

Court order Sale. Development opportunity to complete a 12 unit strata complex featuring 8 DETACHED TOWNHOMES and 4 half-duplexes consisting of 3/4 Bedrooms homes. Located minutes from all Lower Ganges has to offer, and situated adjacent to a strip mall with grocery store, pharmacy, liquor store and amenities. Summerside Village amenities include a clubhouse with indoor pool, gym, kitchen, and guest suites.

Property details

Type: Land, Vacant Land
Lot: 81,000 sq ft
Parking: 0
Property tax: $8,865 / yr
Days on market: 275
MLS®: C8074854

Property insights

On market 275 days

The market here

Listed now: 159 days; median for 40 homes for sale; this one 275 days

Homes in Salt Spring. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$13,809/mo

Mortgage $13,071 · Tax $739

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$13,071/ monthly

loan $2,400,000

25-year amortization

down payment20% · $600,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,521,214
property transfer tax: $68,000; BC general rate
cash to close: $668,000; down + PTT
total paid: $3,921,214

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.