2 Drake Rd, Salt Spring Island BC - Land for Sale - MLS# R3134354

$930,000
Est. Mortgage $4,114/mo
0 sqft
$930,000
Est. $4,114/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 2 Drake Road

Offered here for the first time in over two decades is a rare commercial lot. Nearly 1/2 acre at the entrance to Ganges with 3 road frontages, this could be a prominent location for any business. With C-1 zoning, a multitude of uses (commercial and residential) can be considered. A blue chip addition to any portfolio.

Exterior Features

Structures Land Only

Building Details

Price $930,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer At Lot Line, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas Not Available, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 20431
Lot Size Depth Feet
MLS® # R3134354
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 2K8
Gross Taxes $9,415
Zoning C-1

Property Timeline

Status Date Price
R3134354 / Active 06-08-2026 $930,000

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
2.75 km
Elementary, Secondary
Duncan Christian School
15.57 km

Closest Transit

Bus Stop
Lower Ganges Rd at Hereford Ave (NB)
0.62 km
Skytrain
Skytrain @ Brighouse Stn
44.42 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)
Possible
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 — 44.42 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
Yes — in ALR
How SALT SPRING ISLAND compares
This property
31 DOM
Listed
Salt Spring Island avg
Salt spring island avg

2 Drake 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

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 2 Drake Road

Walkability & Transit Near 2 Drake Road

Walk Score Badge
Car-Dependent 55

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 2 Drake Road

/month
Principal & Interest
Property Taxes $785
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($186,000), the estimated monthly payment for this listing is $4,337/month — $3,552 principal & interest, $785 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 $3,339/month, this property runs a $1,153/month shortfall after mortgage and carrying costs. Break-even requires approximately 46% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

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

Beds Home Types Square Feet Lot Size Year Built
This Home $930,000
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

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 2 Drake Road

Walk Score Badge
Car-Dependent 55

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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