Located between Mainland BC and Vancouver Island, Salt Spring Island offers a variety of attractions and captivating scenery which leaves its visitors in absolute astonishment. With its gorgeous hiking trails, exquisite wineries, local art and famous Saturday Salt Spring Market, it’s no wonder so many people keep coming back year after year. Salt Spring is the largest and most populous of the gulf islands, with an estimated 10,557 people currently residing in the area.
535 Rainbow Rd
Salt Spring
V8K 2M6
$639,000
Residential
beds: 3
baths: 2.0
1,940 sq. ft.
built: 1967
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1005096
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1967
- Photos (31)
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Classic Salt Spring old-timer. This home has served as a family base since 1967. While the family is sad to say goodbye, the time has come for a new owner to bring fresh ideas and energy to this solid and serviceable home. Three bedrooms with lots of area to reimagine. A full-length covered porch invites you to enjoy peaceful mornings or quiet evenings in all weather, overlooking a spacious, cleared area that surrounds the home. Set on 2 acres, the property gently slopes into a lovely wooded area, providing both openness and privacy. Located in a quiet, established area just a short drive or longer walk from Ganges, you’ll enjoy the best of both convenience and tranquility. Water is provided via McAfee Creek, a reliable and natural source that reflects the rural authenticity of the setting. Whether you’re looking to renovate, restore, or rebuild, this is an opportunity to own and create your own memories.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1967 (Age: 58)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,940 sq. ft.
- Listing General Location:
- GI Salt Spring, Gulf Islands
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 2.02 acre(s)
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Wood
- New Construction:
- No
- Basement:
- Full, Not Full Height, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 2,567 sq. ft.
- Total Unfinished Area:
- 627 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 1
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 815 sq. ft.
- Living Area Main Floor:
- 1,125 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Other
- Sewer:
- Septic System
- Cooling:
- None
- Heating:
- Baseboard
- Fireplace:
- No
- Pending Date:
- Signup
- Balcony/Deck, Low Maintenance Yard
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- Gulf Islands Rural (764)
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- Northwest
- Layout:
- Main Level Entry with Lower Level(s)
- Lot Site Features:
- Central Location, Park Setting, Quiet Area, Rural Setting, In Wooded Area
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Attached, Carport
- Total Parking Spaces:
- 4
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Jul 03, 2025
- Original Price:
- 639000.0
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Listed by Pemberton Holmes - Salt Spring
Data was last updated July 11, 2025 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 153
- Avg list price:
- $1,195,000
- Min list price:
- $136,000
- Max list price:
- $11,975,000
- Avg days on market:
- 77
- Min days on market:
- 2
- Max days on market:
- 695
- Avg price per sq.ft.:
- $602.79
These statistics are generated based on the current listing's property type
and located in
GI Salt Spring. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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