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$1,890,000

240 OLD SCOTT ROAD

Salt Spring Island, Salt Spring · MLS® R3086010

2 sq ft lot

Land · Vacant Land · 248 days on market

Listed by Ian Brown, Newport Realty Ltd.

Realtor's description

Here's an opportunity to build your dream on beautiful Salt Spring Island! This sunny South facing 2+ acre waterfront lot features walk-on beach access. An Airstream trailer and small studio structure exist on the property, which can be enjoyed while you build.

Property details

Type: Land, Vacant Land
Lot: 2 sq ft
Parking: 0
Property tax: $6,961 / yr
Days on market: 248
MLS®: R3086010

Property insights

On market 248 days

The market here

Listed now: 159 days; median for 40 homes for sale; this one 248 days

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

Monthly cost

$8,815/mo

Mortgage $8,235 · Tax $580

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

estimated payment

$8,235/ monthly

loan $1,512,000

25-year amortization

down payment20% · $378,00020%+ 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: $958,365
property transfer tax: $35,800; BC general rate
cash to close: $413,800; down + PTT
total paid: $2,470,365

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.