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  5. Cranberry

141 Cranberry Road, Salt Spring Salt Spring

Price

$1,370,000

Bedrooms4 Beds

Bathrooms3 Baths

Size4132 sqft

Year Built1994

Property TypeDetached Home

Property Taxes$4,633.42

Description

Nestled on a tranquil 1-acre lot, this centrally located gem offers a perfect blend of elegance and opportunity. The impeccably maintained 2980 sq foot home is flooded with natural light, with 4 spacious bedrooms and 3 bathrooms. The lower level features a private suite, ideal for guests or operating a successful bed and breakfast. The property also includes a charming 2-bedroom cottage adjacent to the house, providing excellent potential for rental income or guest accommodation. Furthermore, a versatile office building, currently home to two therapists, offers an additional source of revenue or an ideal work-from-home environment. The enchanting, terraced grounds are graced with fruit trees, rhododendrons, lilacs, and magnolias, featuring tranquil ponds, a cozy fire pit, vegetable garden and a seasonal creek meandering through the landscape. This remarkable property is a true island haven, offering serenity, beauty, and endless potential. This unique opportunity won’t last! (id:39198)

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Listed By

The listing brokerage and/or agent is Royal LePage Duncan Realty Salt Spring Island

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

$5,308 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,096,000

Total Interest Payments

$675,751

Total Payment (Principal + Interest)

$1,771,751


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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