378 Rainbow Rd, Salt Spring

Entrance - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 1

29 Photos

Bathroom - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 2
Primary Bedroom - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 3
Bedroom - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 4
Kitchen - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 5
Dining room - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 6
Living room - 378 Rainbow Rd, Salt Spring, BC V8K2M4 Photo 7
  • Bedrooms: 2
  • Bathrooms: 1
  • Living area: 923 square feet
  • MLS®: 952107
  • Type: Residential
  • Added: 90 days ago

Property Details

Rare, and 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 and their labor of love is self-evident. Revenue producing property with multiple rental sites and storage in place. Tradesmen and artisans can start operating your business in this impressive spacious covered shop with storage & parking for equipment. Newly installed greenhouses with power allow you to have vegetables all year round. 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 to take advantage of the rainy seasons plus the added bonus of having Okano/Aske Creek run through the property and a water license in place. Everything you need for a beautiful, self-sustaining lifestyle starts at 378 Rainbow Road. (id:1945)

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Property Information

  • Tax Lot: 2
  • Zoning: Agricultural
  • Cooling: None
  • Heating: Baseboard heaters, Wood
  • Year Built: 1990
  • Living Area: 923
  • Lot Features: Acreage, Private setting, Wooded area, Other, Marine Oriented
  • Photos Count: 29
  • Lot Size Units: acres
  • Parcel Number: 003-889-611
  • Parking Total: 15
  • Bedrooms Total: 2
  • Structure Type: House
  • Common Interest: Freehold
  • Fireplaces Total: 1
  • Parking Features: Stall
  • Tax Annual Amount: 1112
  • Lot Size Dimensions: 19.72
  • Zoning Description: A1
  • Architectural Style: Cottage, Cabin
  • Above Grade Finished Area: 923
  • Above Grade Finished Area Units: square feet
Room Dimensions
Type Level Dimensions
Entrance Main level 5'5 x 5'11
Bathroom Main level 6'4 x 8'3
Primary Bedroom Main level 14'2 x 11'11
Bedroom Main level 10'4 x 11'10
Kitchen Main level 9'9 x 10'7
Dining room Main level 9'8 x 10'2
Living room Main level 14'8 x 14'10
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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... 1.0 km
Calvin's Bistro Restaurant 133 Lower Ganges Rd 1.5 km
Ganges Water Aerodrome Ganges Water Aerodrome, (IATA: YGG, TC LID: CAX6),... 1.6 km
Ganges Water Aerodrome Airport Ganges Harbor 1.6 km
Saltspring Island The island was initially inhabited by various Sali... 2.8 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 ... 5.2 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
We have found 6 Houses that closely match the specifications of the property located at 378 Rainbow Rd 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 British Columbia Canada.
378 Rainbow Rd 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 Rd. 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
Comparison of 378 Rainbow Rd, Salt Spring, BC with Nearby Houses
Nearby Cities Listings Avg. price
North Saanich Homes for Sale 62 $1.970.698
Ladysmith Homes for Sale 106 $1.003.611
Duncan Homes for Sale 246 $960.859
Central Saanich Homes for Sale 70 $1.968.537
Lake Cowichan Homes for Sale 60 $1.024.013
Saanich Homes for Sale 299 $1.537.463
Langford Homes for Sale 391 $991.113
Esquimalt Homes for Sale 65 $1.027.859
Popular Cities Listings Avg. price
Nanaimo Homes for Sale 703 $897.707
Vancouver Homes for Sale 2808 $2.133.664
Victoria Homes for Sale 447 $970.253
West Vancouver Homes for Sale 340 $4.514.362
North Vancouver Homes for Sale 484 $1.757.277
Burnaby Homes for Sale 818 $1.410.709
Surrey Homes for Sale 2555 $1.609.823
Coquitlam Homes for Sale 514 $1.704.465
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