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  5. Arbutus

114 Arbutus Road, Salt Spring Salt Spring

Price

$2,675,000

Bedrooms3 Beds

Bathrooms3 Baths

Size3026 sqft

Year Built1993

Property TypeDetached Home

Property Taxes$10,540

Description

Quintessential Saltspring Island awaits. This multi-generational legacy property is for sale for the first time in a century. Low bank south-west facing waterfront on the north end of Saltspring Island. The house was custom built in 1993 with retirement in mind. Situated close to the water, this is the best of waterfront living in the scenic Gulf Islands. The vibe is casual West Coast executive with strategically placed windows to maximize the views and natural light. Plenty of outdoor entertaining & relaxing space. Although the domestic water is hooked up to the public supply, there is also a natural spring (unregistered) on the property. Heat pump, wood stove & a propane fireplace give plenty of options for keeping warm in the winter & cool in the summer. A two car garage offers workshop space, loft/office and a 3 piece bath (guests, outside clean up, pet station?). Established fruit trees for a fall harvest. A piece of paradise at the prestigious north end. (id:39198)

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Listed By

The listing brokerage and/or agent is Royal LePage Coast Capital - Chatterton

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$10,488 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$2,140,000

Total Interest Payments

$1,319,441

Total Payment (Principal + Interest)

$3,459,441


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions