2875 Southey Point Rd, Salt Spring Island, BC

$4,980,000
Est. Mortgage /mo

MLS# R3094215

2 Beds
3 Baths
4218 sqft
1181 $ /sqft
1999 built
$4,980,000
Est. /mo with 20% down
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

Property Details & Specs

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 -
Basement 0
Basement Features Full

Property Metrics

Year Built 1999
Age Of Building 27
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Refrigerator, Freezer, Microwave, Range Top
Structures Residential Detached

Additional Details

MLS® # R3094215
Building Name -
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 1A2
Price per Sqft -
Gross Taxes $18,048
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Mixed

Utilities

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

Parking

Parking Type Detached
Total Parking Spaces -
Strata Restrictions -
Rental Restrictions -
Zoning R
Rental Suites Other
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter
Interior Features Pantry, Central Vacuum
Locker -
View 1
View Description VALLEY
Units In Development -
Sewer Septic Tank
Roof Torch-On

Property Timeline

Status Date Price
R3094215 / Active 02-19-2026 $4,980,000
Rooms
Floor Type Dimensions
Main Level Dining Room 13' x 13' ft
Main Level Living Room 21' x 21' ft
Main Level Foyer 10' x 10' ft
Main Level Primary Bedroom 13' x 13' ft
Main Level Office 14' x 14' ft
Main Level Walk-In Closet 15' x 15' ft
Main Level Kitchen 19' x 19' ft
Below Bedroom 20' x 20' ft
Below Hobby Room 28' x 28' ft
Below Gym 20' x 20' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level Yes #5
Below No #4
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 & Transit Info

Private Schools

Elementary
St.Joseph's School
9.52 km
Secondary
Penelakut Island Learning Centre
5.7 km

Closest Transit

Bus Stop
Fernwood Rd at Walkers Hook Rd (NB)
4.96 km
Skytrain
Skytrain @ Yvr-Airport Stn
41.44 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Average
Property Crime Rate
Low

Demographics

Post-Secondary Education
Above Average
33.6%
No Certificate/Degree
Below Average
10.2%
Owner Occupied
Below Average
46.7%
Employment Rate
Below Average
41.8%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $1,504
Maintenance fee 0
Financing 80% of the $4,980,000 asking price over 30 years at 4% results in approximately $20,524/month in total estimated carrying costs, $1,504 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $12,026/month in rental income, leaving a -$8,830/month cashflow at current carrying costs. Investors targeting break-even would need roughly 58% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $4,980,000
Salt Spring Island Loading...
Salt Spring Island Loading...
There are currently no active comparable Single Family Residences in Salt Spring Island to benchmark against. Check back as new listings enter the market.
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

Property FAQs

What are the closest top-rated schools to 2875 Southey Point Road, Salt Spring Island, BC?
The closest top-rated schools are Penelakut Island Learning Centre and St.Joseph's School.
Is 2875 Southey Point Road, Salt Spring Island, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 2875 Southey Point Road, Salt Spring Island, BC?
With a standard down payment, the estimated monthly mortgage is approximately $29,880.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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