1 / 24

$2,600,000

400 BAKER ROAD

Salt Spring Island · MLS® R3088205

1 bed · 937 sq ft · 6 sq ft lot · 2 parking

House · Single Family · built 2003 · 238 days on market

Listed by Dani Greene, Pemberton Holmes - Salt Spring

Incredible opportunity to own 5.66 acres in an exclusive enclave of fine homes, just 4 km from Ganges Village. Fully serviced and zoned for a primary residence, cabin, and studio, this property offers exceptional flexibility for a private estate, guest accommodations, or future income potential. The property is supported by a high-producing well yielding 60+ gallons per minute and includes a newly built water treatment facility. A charming cottage is already in place, providing comfortable accommodation while planning and constructing a custom dream home.

Type: House, Single Family
Bedrooms: 1
Living area: 937 sq ft
Lot: 6 sq ft
Parking: 2
Year built: 2003
Property tax: $1,462 / yr
Days on market: 238
MLS®: R3088205

The asking price is a long way from the assessment. That usually means the home has changed since the July 1 valuation date (a renovation, a new build, a subdivision), so we don't rate this one.

2026 assessment: $361,846 · asking is +619%
Est. market value: $366,766houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Private setting
Treed
Rural Setting
Refrigerator
Oven - Built-In

On market 238 days · no price changes so far

$11,450/mo

Mortgage $11,328 · Tax $122

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

estimated payment

$11,328/ monthly

loan $2,080,000

25-year amortization

down payment20% · $520,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 6, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,318,385
property transfer tax: $56,000; BC general rate
cash to close: $576,000; down + PTT
total paid: $3,398,385

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

Salt Spring IslandGoogle Maps ↗