351 Elizabeth Dr, Salt Spring Island BC - Single Family Residence for Sale - MLS# R3140313

$1,100,000
Est. Mortgage $4,866/mo
2 Beds
2 Baths
1539 sqft
715 $ /sqft
1990 built
$1,100,000
Est. $4,866/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 351 Elizabeth Drive

Perched in a sunny, elevated setting just minutes from Ganges, this designer-inspired home offers the perfect blend of style, comfort, and convenience. Filled with natural light, the beautifully maintained 2-bedroom, 2-bath residence features vaulted ceilings, expansive windows, and effortless one-level living. The indoors flow seamlessly to inviting outdoor spaces where you can relax and enjoy peaceful ocean glimpses against a backdrop of Mount Erskine. Set on a private 0.88-acre property, the home offers a rare sense of tranquility without sacrificing accessibility. The thoughtfully designed second bedroom includes its own private entrance, kitchenette, and full bathroom, making it ideal for guests, extended family, or potential Bed & Breakfast income.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Crawl Space, Unfinished
Fireplace 1
Heating Type Baseboard, Wood
# of Kitchens 1
Flooring Hardwood, Other, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
View Description MOUNTAIN AND OCEAN
Roof Fibreglass
Structures Residential Detached

Building Details

Price $1,100,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1539
Year Built 1990
Age Of Building 36
Building Type Single Family Residence
Property Type Residential
Stories 1
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Public
Parking Type Open, Asphalt
Total Parking Spaces 6
Rental Suites None

Lot & Land

Lot Size Depth Feet
MLS® # R3140313
Area Islands-Van. & Gulf
Neighbourhood Salt Spring Island
City Salt Spring Island
Postal Code V8K 1J5
Gross Taxes $3,451
Zoning R

Property Timeline

Status Date Price
R3140313 / Active 06-23-2026 $1,100,000
Rooms
Floor Type Dimensions
Main Level Bedroom 12' x 12' ft
Main Level Living Room 14' x 14' ft
Main Level Dining Room 12' x 12' ft
Main Level Utility 12' x 12' ft
Main Level Kitchen 14' x 14' ft
Main Level Foyer 12' x 12' ft
Main Level Primary Bedroom 15' x 15' ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level Yes #3

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
38.96 km
Elementary, Secondary
Southpointe Academy
Above Average
39.43 km
9.9/10

Closest Transit

Bus Stop
Elizabeth at Bradley (EB)
0.29 km
Skytrain
Skytrain @ Brighouse Stn
44.38 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 — 44.38 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
17 DOM
Listed
Salt Spring Island avg
Salt Spring Island avg

351 Elizabeth Drive 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 351 Elizabeth Drive

Walkability & Transit Near 351 Elizabeth Drive

Walk Score Badge
Car-Dependent 4

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
28

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 351 Elizabeth Drive

/month
Principal & Interest
Property Taxes $288
Maintenance fee 0
Financing 80% of the $1,100,000 asking price over 30 years at 4% results in approximately $4,489/month in total estimated carrying costs, $288 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 $3,292/month in rental income, leaving a -$1,337/month cashflow at current carrying costs. Investors targeting break-even would need roughly 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 $1,100,000
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

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $7,350
0 of 38 missions

Sign up on Estateblock.com

$368 / 5.00%

Sign up on EstateBlock.com

$147 / 2.00%

Buy with us & save on this property

Walkability & Transit Near 351 Elizabeth Drive

Walk Score Badge
Car-Dependent 4

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
28

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Similar Single Family Residences for Sale in Salt Spring Island