$ 1.950.000

378 Rainbow Road, Salt Spring Island

28 Photos

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 2

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 3

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 4

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 5

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 6

378 Rainbow Road, Salt Spring Island, BC V8K2M4 Photo 7

Bedrooms: 2
Bathrooms: 1
Living area: 923 square feet

MLS®: r2847580
Type: Residential
Added: 86 days ago

Property Details

Rare & like no other property on Salt Spring Island, is where you will discover your dream come true of owning 20 acres of sun soaked farmable land within walking distance to Ganges. The land has been thoughtfully planned out with multiple revenue rental sites and storage. Tradesmen/Artisans can start operating your business in this impressive spacious covered shop with storage & parking for equipment. Newly installed greenhouses with power. You will appreciate the Regenerative Farming practices implemented with moveable fencing to allow cattle to graze throughout numerous pastures. Rain Water Harvesting system intelligently designed, water license and a creek. Everything you need for a beautiful, self-sustaining lifestyle starts at 378 Rainbow Road. (id:1945)

Best Mortgage Rates

Property Information

Heating: Electric, Wood
Tax Year: 2022
Basement: Crawl space, Unknown, Unknown
Year Built: 1990
Appliances: All
Living Area: 923
Lot Features: Private setting
Photos Count: 28
Lot Size Units: acres
Parcel Number: 003-889-611
Parking Total: 10
Bedrooms Total: 2
Structure Type: House
Common Interest: Freehold
Fireplaces Total: 1
Parking Features: RV
Tax Annual Amount: 1112
Community Features: Rural Setting
Lot Size Dimensions: 19.72
Architectural Style: Bungalow

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Nearby Places

Name	Type	Address	Distance
Ganges, British Columbia	Ganges, British Columbia is an unincorporated comm...		0.5 km
Gulf Islands Secondary School	It is located on Salt Spring Island and is attende...		0.9 km
CFSI-FM	Broadcasting on 107.9 FM, it is the first radio st...		1.1 km
Calvin's Bistro	Restaurant	133 Lower Ganges Rd	1.4 km
Ganges Water Aerodrome	Ganges Water Aerodrome, (IATA: YGG, TC LID: CAX6),...		1.5 km
Ganges Water Aerodrome	Airport	Ganges Harbor	1.6 km
Saltspring Island	The island was initially inhabited by various Sali...		2.7 km
Vesuvius, British Columbia	It is the eastern terminus of a ferry which connec...		4.7 km
Long Harbour, British Columbia	It hosts a ferry terminal which connects directly ...		5.1 km
Gulf Islands National Park Reserve	Located in British Columbia's Gulf Islands, it cov...		5.3 km
Mount Maxwell Provincial Park	It is located on Burgoyne Bay and the Sansum Narro...		5.5 km
Burgoyne Bay	The shores of the bay are part of the Mount Maxwel...		6.1 km

Similar Houses Stat in Salt Spring Island

We have found 6 Houses that closely match the specifications of the property located at 378 Rainbow Road with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 1,199,000 and 1,599,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the V8K2M4 postal code area of Salt Spring Island British Columbia Canada.

378 Rainbow Road mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 378 Rainbow Road. The current price of the property is $1,950,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,560,000. This would result in a monthly mortgage payment of $9,119 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	10
Bachelor's degree	40
College	25
Degree in medicine	10
University degree at bachelor level or above	65

Neighbourhood Marital Status Stat

Married	200
Widowed	60
Divorced	45
Separated	20
Never married	80
Living common law	55
Married or living common law	255
Not married and not living common law	205

Neighbourhood Construction Date

1961 to 1980	70
1981 to 1990	40
1991 to 2000	35
2001 to 2005	35
2006 to 2010	50
1960 or before	20

Nearby Cities	Listings	Avg. price
Salt Spring	101	$1.239.697
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Duncan	245	$958.337
Central Saanich	67	$2.039.088
Saanich	289	$1.534.961
Langford	384	$1.010.807
Delta	265	$1.740.331

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