LOT 01 Cudmore Rd, Salt Spring Island BC - Land for Sale - MLS# R3084386

206 days on the market
$798,000
Est. Mortgage $3,530/mo
Listing updated:
EstateBlock checked:
0 sqft
0 $ Maint. fee
70.4% cheaper than comps
206 days on the market
$798,000
Est. $3,530/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for LOT 01 Cudmore Road

70.4% cheaper than comps

Set on over 15 acres, this exceptional property offers views over the lake, ocean, the Gulf Islands and mountains beyond. Located just minutes from the vibrant village of Ganges. Elevated and private, the land captures ever changing vistas and a sense of tranquility that defines the best of Salt Spring life! Surrounded by nature yet conveniently close to shops, restaurants, marinas, and ferry terminals.

Exterior Features

View Description LAKE, OCEAN, MOUNTAIN
Structures Land Only

Building Details

Price $798,000
Property Type Land
Ownership Type Freehold Strata
Utility Type Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas Not Available, Natural Gas Connected, Cable Connected
Water (WaterSource) Well Drilled

Lot & Land

Lot Size 15.52
Lot Size Depth Feet
Lot Size Frontage 282.1522
MLS® # R3084386
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 2Y1
Gross Taxes $2,064
Zoning RU1

Property Timeline

Status Date Price
R3084386 / Active 01-26-2026 $798,000
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
1.79 km
Elementary, Secondary
Duncan Christian School
15.47 km

Closest Transit

Bus Stop
Lower Ganges Rd at Hereford Ave (NB)
1.24 km
Skytrain
Skytrain @ Brighouse Stn
44.90 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

74 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $1,359,792
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 44.90 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
206 DOM
Listed
Salt Spring Island avg
Salt Spring Island avg

LOT 01 Cudmore Road has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is priced 70.4% 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

Groceries (2 nearby)

  • Embe bakery · 952 m · Bakery
  • Harbour low cost food market · 988 m · Convenience

Shopping (1 nearby)

  • The laundr-o-mat & salt spring island soap exchange · 993 m · Laundry

Restaurants (1 nearby)

  • Ox eats grass · 732 m · Fast Food

Cafes (1 nearby)

  • Beachside cafe · 995 m · Cafe

Walkability & Transit Near LOT 01 Cudmore Road

Walk Score Badge
Car-Dependent 17

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
23

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for LOT 01 Cudmore Road

/month
Principal & Interest
Property Taxes $172
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $3,220/month in total housing costs on this $798,000 property — $3,048 mortgage payment, $172 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
Based on $2,865/month estimated rent and $3,270/month in total housing costs, this property has a -$405/month cashflow. Break-even down payment: approximately 31%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for LOT 01 Cudmore 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 $798,000
Salt Spring Island Loading...
Salt Spring Island Loading...

Based on 5 comparable active properties in Salt Spring Island, the average asking price is $2,696,667. This listing is priced 70.4% below the neighbourhood average. This property is flagged as a Hot Deal (70.4% 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 LOT 01 Cudmore Road

Walk Score Badge
Car-Dependent 17

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
23

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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