879 RAINBOW ROAD
Victoria · V8K2M9
$1,195,000
About this residence
Own your own piece of heaven on beautiful Salt Spring Island! Admire the spectacular ocean view, and stunning sunsets. Groceries, restaurants and entertainment are found nearby in Ganges (7 minutes). Enjoy Salt Spring’s vibrant arts community. Hike the many trails in Mount Erskine Provincial Park which borders the property. Options are endless! 9 minutes from the Vesuvius ferry, the newly refurbished, open-concept carriage house sits on 21.66 acres of forested land and boasts floor-to-ceiling windows, a 40 x 10 ft. deck facing Vancouver Island. The 25 x 30 ft. garage/workshop can be used as is or converted to additional living space. Two 200-amp services and two ample wells (10gpm and 4gpm). Zoning permits subdivision into three lots, each with a main residence and cottage. Three fully serviced (water/hydro/septic) and three partially serviced RV/trailer sites provide immediate rental income opportunities. Contact your realtor and see what this unique property has to offer. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 1,872 sq ft
- Lot size
- 21.66
- Parking
- 2 spaces
- Year built
- 2016
- Annual tax
- $5,078
- MLS®
- 983460
- Board
- Victoria
- Status
- Active
- Listed
- Dec 30, 2024
- Updated
- Dec 31, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 4-Piece |
| Primary Bedroom | Main level | 14' x 15' |
| Kitchen | Main level | 9' x 16' |
| Living room | Main level | 15' x 16' |
| Entrance | Lower level | 6' x 4' |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Stove
Heating
- Baseboard heaters
- Electric
Parking
- Garage
Lot
- Private setting
- Irregular lot size
Views
- Mountain view
Architecture
- Westcoast
Financing
Estimated monthly payment
$5,589/mo
Loan amount
$956,000
Down payment
$239,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Victoria
Nearby
About the area
Census · V8K- 11,635
- Population
- 56
- Median age
- $77,500
- Median income
- $800,000
- Median home value
- 81%
- Home ownership
- 16 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 879 RAINBOW ROAD?
879 RAINBOW ROAD is listed for $1,195,000, in Victoria.
How many bedrooms and bathrooms does 879 RAINBOW ROAD have?
It offers 1 bedroom and 1 bathroom.
What type of home is 879 RAINBOW ROAD?
879 RAINBOW ROAD is a Single Family, House, built in 2016.
How large is 879 RAINBOW ROAD?
The home offers approximately 1,872 sq ft of living space on a lot measuring 21.66.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $5,589. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $5,078 per year.
Is there parking?
Yes — 879 RAINBOW ROAD includes 2 parking spaces.
What is the Victoria area like?
Victoria has a population of about 11,635, a median age of 56, a 81% home-ownership rate, with an average commute of about 16 minutes.
What is the average home value in Victoria?
The median dwelling value in this area is approximately $800,000, based on census data via Neighbourly.
What is the median household income in Victoria?
The median household income in this area is approximately $77,500.
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