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584 Rainbow Rd Salt Spring, BC V8K 2M8
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Key Details
Sold Price $650,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,234 sqft
Price per Sqft $526
MLS Listing ID 969165
Sold Date 04/15/25
Style Main Level Entry with Lower/Upper Lvl(s)
Rental Info Unrestricted
Tax Year 2024
Lot Size 7.770 Acres
Acres 7.77
Property Sub-Type Single Family Detached
Property Description
This partially cleared idyllic 7.77 acre rural property currently has seven dwelling units on it, in various stages of habitability. As there is a zoning variation of Affordable Housing Dwelling Units in place for this property, there is tremendous opportunity here for a new Affordable Housing Agreement to be developed in consultation with the LTC as the old one has been legally removed from the title. Single family residential use on this land is also available to a buyer. The location is ideal, just minutes to Ganges and a short 25 minute drive to Fulford Harbour. The land comprises a pleasant mix of sunny level land and natural forested areas. Do not walk the property without express permission, and only then when accompanied by a licensed Realtor.
Court Date now set: March 11, 2025 @ 9:45am Victoria Courthouse. Accepted Offer price: $650,000. Please contact your realtor for further information on the bidding procedural.
Location
Province BC
County Capital Regional District
Area Gi Salt Spring
Direction South
Rooms
Basement Unfinished
Kitchen 0
Interior
Heating Baseboard, Electric
Cooling None
Laundry None
Exterior
Parking Features Driveway
Utilities Available Electricity To Lot
View Y/N 1
View Valley
Roof Type Asphalt Shingle,Other
Building
Lot Description Acreage, Cleared, Irregular Lot, Private, Rectangular Lot, Rocky, Rural Setting, In Wooded Area
Building Description Wood, Main Level Entry with Lower/Upper Lvl(s)
Faces South
Foundation Block, Pillar/Post/Pier, Slab, None, Other
Sewer None
Water Well: Drilled
Additional Building Potential
Structure Type Wood
Others
Tax ID 015-854-698
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
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Bought with Royal LePage Duncan Realty Salt Spring Island