2875 Southey Point Rd, Salt Spring Island BC - Single Family Residence for Sale - MLS# R3094215

182 days on the market
$4,980,000
Est. Mortgage $22,031/mo
Listing updated:
EstateBlock checked:
2 Beds
3 Baths
4218 sqft
1181 $ /sqft
1999 built
182 days on the market
$4,980,000
Est. $22,031/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 2875 Southey Point Road

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.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Full
Appliances Included Refrigerator, Freezer, Microwave, Range Top
Interior Features Pantry, Central Vacuum
Fireplace 1
Heating Type Forced Air, Mixed
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

View Description VALLEY
Roof Torch-On
Structures Residential Detached

Building Details

Price $4,980,000
Total Bedrooms 2
Total Bathrooms 3
Full Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 4218
Year Built 1999
Age Of Building 27
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected
Utility Sewer Septic Tank
Water (WaterSource) Public, Well Drilled
Parking Type Detached
Rental Suites Other

Lot & Land

Lot Size 15.05
Lot Size Depth Feet
MLS® # R3094215
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 1A2
Gross Taxes $18,048
Zoning R

Property Timeline

Status Date Price
R3094215 / Active 02-19-2026 $4,980,000
to view full Property History (1 earlier record)
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.

Map & Neighbourhood

Private Schools

Elementary
Mia Montessori Academy
36.6 km
Elementary, Secondary
Southpointe Academy
Above Average 39.83 km 9.9/10

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

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 41.44 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
182 DOM
Listed
Salt Spring Island avg
Salt Spring Island avg

2875 Southey Point Road has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Walkability & Transit Near 2875 Southey Point Road

Walk Score Badge
Car-Dependent 2

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
15

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 2875 Southey Point Road

/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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $11,425/month in rental income, leaving a -$9,431/month cashflow at current carrying costs. Investors targeting break-even would need roughly 60% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 2875 Southey Point 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 $4,980,000
Salt Spring Island Loading...
Salt Spring Island Loading...

No active comparable properties are currently available for this property type in Salt Spring Island. The price evaluation chart will update as similar 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

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 2875 Southey Point Road

Walk Score Badge
Car-Dependent 2

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
15

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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