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535 Rainbow Rd
GI Salt Spring Salt Spring V8K 2M6

$639,000
Residential beds: 3 baths: 2.0 1,940 sq. ft. built: 1967

Main Photo: 535 Rainbow Rd Salt Spring BC
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Status:
Active
Prop. Type:
Residential
MLS® Num:
1005096
Bedrooms:
3
Bathrooms:
2
Year Built:
1967
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:
Existing Lease Expiry:
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:
Construction:
Wood
New Construction:
No
Basement:
Full, Not Full Height, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Ceiling Heights:
Total Building Area:
2,567 sq. ft.
Total Unfinished Area:
627 sq. ft.
Commercial Area:
# 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:
Balcony/Deck, Low Maintenance Yard
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Gulf Islands Rural (764)
Legal Description:
Units in Building:
Units in Community:
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:
Date Listed:
Jul 03, 2025
Original Price:
639000.0
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Listed by Pemberton Holmes - Salt Spring
Data was last updated July 4, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
154
Avg list price:
$1,195,000
Min list price:
$136,000
Max list price:
$11,975,000
Avg days on market:
70
Min days on market:
1
Max days on market:
688
Avg price per sq.ft.:
$603.67
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.
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TICARA COERTZE
STEVE GILLESPIE
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.