For sale

C$2,195,000

123 Smith Rd, Saltspring Island, BC V8K 2A6

4beds

6baths

4,864sqft

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Single Family Residence

Built in 2013

0.49 Acres Lot

$-- Zestimate^®

C$451/sqft

C$168/mo HOA

What's special

Waterfront homeArchitecturally striking timber-frame residencePrivate dockAccess to deep-water moorageFully equipped woodworking shopDedicated cold storageYear-round golf simulator

Salt Spring Island waterfront home for sale in coveted Musgrave Landing—an architecturally striking timber-frame residence on a private 0.5-acre oceanfront lot with a private dock and access to deep-water moorage. Offering approximately 5,264 sq ft over three levels, this road-accessible Gulf Islands retreat blends West Coast craftsmanship with modern luxury. The main home features 3 bedrooms plus a flexible full studio guest accommodation, 4 full bathrooms and 2 powder rooms, generous indoor–outdoor living, and an oversized two-car garage - 596 sq ft. Thoughtful extras include a fully equipped woodworking shop, dedicated cold storage, and a year-round golf simulator—all ideal for work, hobbies, and entertaining. Set within a well-managed Bare Land Strata, owners enjoy amenities rarely found on Salt Spring: a large community dock with deep-water moorage, plus a tennis/pickleball court and shared green spaces.

164 days
127
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 6
Main level bathrooms: 2
Main level bedrooms: 1

Kitchen

Level: Main

Heating

Baseboard, Heat Pump, Hot Water, Radiant Floor

Cooling

None

Appliances

Included: Built-In Range, Dishwasher, Dryer, Freezer, Microwave, Oven Built-In, Range Hood, Refrigerator, Washer, Water Filters
Laundry: Inside

Features

Bar, Cathedral Entry, Ceiling Fan(s), Dining Room, Dining/Living Combo, Eating Area, French Doors, Soaker Tub, Storage, Vaulted Ceiling(s), Workshop, Central Vacuum
Flooring: Carpet, Concrete, Cork
Windows: Insulated Windows, Screens, Vinyl Frames
Basement: Finished,Full,Walk-Out Access,With Windows
Number of fireplaces: 2
Fireplace features: Living Room, Wood Burning
Furnished: Yes

Interior area

Total structure area: 5,264
Total interior livable area: 4,864 sqft

Property

Parking

Total spaces: 6
Parking features: Additional Parking, Driveway, Garage, Garage Double, Guest, RV Access/Parking, Garage Door Opener
Garage spaces: 3
Has uncovered spaces: Yes

Accessibility

Accessibility features: Accessible Entrance, Ground Level Main Floor, Customized Wheelchair Accessible

Features

Entry location: Main Level
Patio & porch: Balcony/Deck, Balcony/Patio
Exterior features: Balcony, Garden, Lighting, Low Maintenance Yard, Sprinkler System
Fencing: Fenced,Partial
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Ocean Front, Walk on Waterfront

Lot

Size: 0.49 Acres
Features: Acreage, Dock/Moorage, Family-Oriented Neighbourhood, Marina Nearby, Private, Quiet Area, Recreation Nearby, Rural Setting, Sloped, Southern Exposure, In Wooded Area

Details

Additional structures: Shed(s), Workshop
Parcel number: 002727145
Zoning: R-01
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Heritage,Post & Beam,West Coast
Property subtype: Single Family Residence

Materials

Cement Fibre, Concrete, Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls, Wood Siding, See Remarks
Foundation: Concrete Perimeter, Slab
Roof: Metal

Condition

Resale
New construction: No
Year built: 2013

Utilities & green energy

Sewer: Holding Tank
Water: Well: Drilled
Utilities for property: Cable Available, Electricity Connected

Community & HOA

Community

Features: Family-Oriented Neighbourhood
Subdivision: Musgrave Ocean Estates

HOA

Has HOA: Yes
HOA fee: C$168 monthly

Location

Region: Saltspring Island

Financial & listing details

Price per square foot: C$451/sqft
Tax assessed value: C$2,053,000
Annual tax amount: C$7,166
Date on market: 4/19/2026
Ownership: Freehold/Strata
Electric utility on property: Yes
Road surface type: Unimproved

Price history

Date	Event	Price
8/31/2026	Price change	C$2,195,000-8.4%C$451/sqft
Source: VIVA #1032734 Report a problem
4/19/2026	Listed for sale	C$2,395,000C$492/sqft
Source: VIVA #1032734 Report a problem