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

$798,000
Est. Mortgage $3,530/mo
0 sqft
0 $ Maint. fee
142.48% cheaper than comparables
$798,000
Est. $3,530/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

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Property Details for LOT 01 Cudmore Road

142.48% cheaper than comparables

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
R2971166 / Expired 02-25-2025 $798,000
R2745110 / Terminated 01-09-2023 $698,000

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
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: $1,934,990
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
165 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 142.5% 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

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near LOT 01 Cudmore Road

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.

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 7 comparable active properties in Salt Spring Island, the average asking price is $2,330,667. This listing is priced 65.8% below the neighbourhood average. This property is flagged as a Hot Deal (142.48% 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

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 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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