206 Narrows West Rd, Salt Spring Island BC - Land for Sale - MLS# R2941020

658 days on the market
$1,980,000
Est. Mortgage $8,759/mo
Listing updated:
EstateBlock checked:
0 sqft
15% cheaper than comps
658 days on the market
$1,980,000
Est. $8,759/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 206 Narrows West Road

15% cheaper than comps

Discover a rare gem in this extraordinary 167-acre oceanfront estate! With an impressive approximately 1/3 mile of ocean frontage along Sansum Narrows, this property offers unparalleled views and seclusion. Approximately 153 acres are preserved as a nature sanctuary, ensuring absolute privacy. Enjoy the mild microclimate of Salt Spring, where Manzanitas thrive. This is your chance to own a piece of paradise with the flexibility to build a main residence, seasonal cottage, and additional structures.

Exterior Features

View Description Ocean
Structures Land Only

Building Details

Price $1,980,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity Nearby, Natural Gas Not Available, Phone Nearby, Cable Available
Water (WaterSource) None

Lot & Land

Lot Size 167
Lot Size Depth Metres
Lot Size Frontage 1980
MLS® # R2941020
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 0A3
Gross Taxes $822
Zoning RU1(E)

Property Timeline

Status Date Price
R2941020 / Active 10-31-2024 $1,980,000
to view full Property History (2 earlier records)

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.

Map & Neighbourhood

Private Schools

Elementary
Salt Spring Centre School
5.63 km
Elementary, Secondary
Duncan Christian School
12.06 km

Closest Transit

Bus Stop
Elizabeth at Bradley (EB)
2.84 km
Skytrain
Skytrain @ Brighouse Stn
47.16 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

Sell Speed & Competition

65 / 100
Overall sell-speed score
Likely within weeks
A
Price competition grade
Avg comparable: $2,277,000
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 47.16 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SALT SPRING ISLAND compares
This property
658 DOM
Listed
Salt Spring Island avg
Salt Spring Island avg

206 Narrows West Road has a sell-speed score of 65/100, placing it in the "Expected to sell within weeks" band. The listing is priced 15% below comparable active properties in Salt Spring Island, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Nearby Restaurants, Cafes & Shops

Walkability & Transit Near 206 Narrows West Road

Walk Score Badge
Car-Dependent 0

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
21

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 206 Narrows West Road

/month
Principal & Interest
Property Taxes $69
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($396,000), the estimated monthly payment for this listing is $7,631/month — $7,562 principal & interest, $69 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $5,135/month, this property runs a $2,702/month shortfall after mortgage and carrying costs. Break-even requires approximately 49% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 206 Narrows West Road, Salt Spring Island

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Salt Spring Island, Salt Spring Island

Beds Home Types Square Feet Lot Size Year Built
This Home $1,980,000
Salt Spring Island Loading...
Salt Spring Island Loading...

Based on 6 comparable active properties in Salt Spring Island, the average asking price is $2,330,667. This listing is priced 15% below the neighbourhood average. This property is flagged as a Hot Deal (15% cheaper than comparables) based on its competitive pricing and market demand.

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

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 206 Narrows West Road

Walk Score Badge
Car-Dependent 0

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
21

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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