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Salt Spring Island Real Estate

MLS homes for sale by Scott Simmons

Salt Spring Condos

Salt Spring Condominiums – Salt Spring Townhouses – Manufactured Home Parks
There are numerous Salt Spring condos, Salt Spring townhouses or stratas available to buy. To see info on each Salt Spring condo development scroll down this page.
To see all the Salt Spring condo listing you will need to sign up for a free account.
First, what is a condo?
In British Columbia, a condominium is a strata.  A strata consists of the strata lot, common property and common assets.  All stratas (condos) in BC, whether they are a 2-unit or 500-unit development, are self governed under the Strata Property Act.  Every strata has a Bare Land Strata or a Building Strata plan on file.  The land can be owned by the strata as freehold or leasehold property.  The entity that owns the common property is known as the Strata Corporation.  It is governed by the owners that make up the Strata council.  Sometimes the council will hire a management company to manage the strata.

Warring DO NOT think that a bare land strata or older Salt Spring duplex has; No Rules, No bylaws, No meetings, or No Strata it does the Standard Bylaws apply for instance;

(4) An owner, tenant or occupant must not keep any pets on a strata lot other than one or more of the following:

(a) a reasonable number of fish or other small aquarium animals;

(b) a reasonable number of small caged mammals;

(c) up to 2 caged birds;

(d) one dog or one cat.

This comes up all the time with older bare land strata subdivision on Salt Spring.  The listing agents sometimes actually advertise No Rules and if your new neibour dislikes your two dogs you might want to think about the standard bylaws before buying.

Stratas, condos and condominium are all the same.  Do not get them confused with a co-op, which is totally different.  Co-ops are governed by the Cooperative Association Act.  A manufactured home park is not a strata – see Brinkworthy Place at the bottom of this page. CMHC Condo Buyers Guide

If you signup you will see all the Salt Spring condos not just the few listed now. The account is free with no strings attached.

Salt Spring Island condo development “Grace Point” 111 Fulford Ganges Road

Grace Point condo
Grace Point from water
Grace Point condo
from the harbour
Grace Point Condo
Grace point from the water

Grace Point, Ganges, Salt Spring Island, BC.  These condos sell in the $700k-$1,000k range or more.

Strata plan

Grace Point price history

 

 

Salt Spring condo development “Bayside” 115 Upper Ganges Road

Bayside Condos, 115 Upper Ganges Rd., Ganges, Salt Spring Island, BC.  These Condos sell in the $430k-$550k range. This complex was constructed by the award winning, local company, Wilco Construction. Prices in Bayside have come down over the last year. At the peak of the market units were selling in the 550k range now the same units seem to be in the 440k range.

Salt Spring condo prices


 

 

Salt Spring Island condo development “Kingfisher” 258 Lower Ganges road

Strata Plan Kingfisher


Kingfisher Cove condos have sold in the $300k-$550k range. Kingfisher cove condos are centrally located and some of the units have unobstructed harbour views. The view units will always command a premium price.  They are some of the best condo units on the island.

Salt Spring condos

 

 

Summerside Salt Spring 107 Atkins Road.  Here is a 2007 write up, in the Vancouver Sun, about Summerside development saving 100 year old trees when it was built.   Van Sun Summerside -June Web copy

Strata Plan strata plan for VIS5366

Amenities; Indoor Pool, Clubhouse and exercise room



Close to Upper Ganges, this European style village is unique because all different sets of units seem to have their own style.  The prices range from 300k to 500k.  This is the only strata on Salt Spring to have its own indoor pool facility.

Salt Spring condo prices

 

 

Salt Spring Island condo development “Cottonwood Close” 133 Corbett Road (Strata VIS3729).   This strata was built over 5 phases from 1995- 2004.  Most units have hardwood floors, vaulted ceiling, skylights and propane fireplaces.  Some of the units have stunning harbour views.  

Here is a copy of the Strata Plan strata-plan VIS 3729

Scott’s clients can download a copy of the strata bylaws here

Enter Password to Download:
Download Now!
Please note strata bylaws are not public information.


Salt Spring Island condos Cottonwood Close have sold in the $350k – $490k range. Prices vary depending on the view. Some of the units have excellent harbour views.

cottonwood sold

 

 

Salt Spring Island real estate condos Roscommon.   Please note there are two street address for Roscommon 295 Lower Ganges Road and 130 Corbett Road.   This development was built in 8 phases from 1989 to 96.

Strata Plan strata plan VIS1871

Strata Rules are downloadable for Scott’s clients only;

Enter Password to Download:
Download Now!
Please note Strata bylaws are not public information.

Salt Spring Island condos Roscommon are traditional townhouses complex and sell up to the $280k-$400k range. Spring 2014 there has been an accepted offer on unit 20 in Roscommon at an incredibly low price of $265k. This puts the base price lower for anyone else looking in here. The market fluctuation of these condos has been in the 80k range or so. At the peak market of 2008 single story units like unit 20 were sold at the 365k range. At the current prices ownership is a bargain as to compared to renting a similar unit on Salt Spring.  There is no age restrictions bylaw.

salt spring condo prices

salt spring condos

 

 

Park Drive Estates 235 Park Dr.  Strata 1682

Smaller 12 unit condo development all with one level living.   Most unit are 1200 -1400 sq ft.  The development was built in 5 phases from 1988 to 2004.

Strata Plan strata-plan VIS1682

Strata Rules are downloadable for Scott’s clients only;

Enter Password to Download:
Download Now!
   Please note Strata bylaws are not public information.

MLS history of Park Estates

Park Drive Estates

 

 

Manufactured home park “Brinkworthy Place”

Brinkworthy Place is an age 55+ development on Salt Spring Island.  Brinkworthy is not a strata/condo. The lots are rented.  There was an application with the Islands Trust to turn Brinkworthy into a bare land strata. From what I have heard as of summer 2013 there is no movement, in the application, to make Brinkworthy a Strata.
In my opinion Brinkworthy is not a good investment. Real Estate is about owning land. Brinkworthy falls under the Manufactured Home Park Tenancy Act.


The main problem with living in Manufactured home park is Section 42 of the act;

Landlord’s notice: landlord’s use of property
42 (1) Subject to section 44 [tenant’s compensation: section 42 notice], a landlord may end a tenancy agreement by giving notice to end the tenancy agreement if the landlord has all the necessary permits and approvals required by law, and intends in good faith, to convert all or a significant part of the manufactured home park to a non-residential use or a residential use other than a manufactured home park.

(2) A notice to end a tenancy under this section must end the tenancy effective on a date that
(a) is not earlier than 12 months after the date the notice is received and is the day before the day in the month, or in the other period on which the tenancy is based, that rent is payable under the tenancy agreement, and
(b) if the tenancy agreement is a fixed term tenancy agreement, is not earlier than the date specified as the end of the tenancy.
(3) A notice under this section must comply with section 45 [form and content of notice to end tenancy].
(4) A tenant may dispute a notice under this section by making an application for dispute resolution within 15 days after the date the tenant receives the notice.
(5) If a tenant who has received a notice under this section does not make an application for dispute resolution in accordance with subsection (4), the tenant
(a) is conclusively presumed to have accepted that the tenancy ends on the effective date of the notice, and
(b) must vacate the manufactured home site by that date.

Some of the pad rents are over $500 per month plus one still has to pay property tax on these homes.  Personally I do not think this is a good investment at this time for these prices.  Personally I would want a big discount if I was to buy in there without owning the land. Brand new single wide mobile homes are worth 70k or so. How much is a 20 year mobile on rented land worth?

salt spring trailer park

Note to readers this blog page is for buyers general information no guarantee of accuracy due to private sales and sales on other boards.

Cheers
Scott Simmons

Categories

CRITICAL BUYING INFO

Two things buyers should know before they offer:

Price History

Total time on market

Forms for the new BC Real Estate rules
Disclosure-of-Representation-in-Trading-Services
Agreement-Regarding-Conflict-of-Interest-Between-Clients
Disclosure-of-Risks-to-Unrepresented-Parties
PrivacyNoticeandConsent

Salt Spring Island Property Search

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Salt Spring Real Estate Market Report

If you are looking for Salt Spring Island Real Estate it would be well worth your time to check out my Salt Spring Market Report pages.

To help you search for a Salt Spring home for sale I have two systems you can use.  One is a map based mobile search system for tablets and/or phones. This system works really well if you are on Salt Spring, as it will automatically show you properties as you drive around the island.

The other system is a data base (Advanced MLS system or PCS) for laptops or desktops.

These two systems display information in real time, which allows you to view new listings within one second of them coming on the market. You will also find the “sold” prices of homes, as well as other useful information.

Radio Real Estate Shows

TV show Realty Reality on Salt Spring

So glad shooting for the new Real Estate TV show “Realty Reality” is over. It was a lot of work. It all looks so easy on TV but in reality it was not easy. I think they were waiting for the “moment” to happen. You know the big fall down the steps or fall of […]

Home inspection on Salt Spring Island

Home inspection on Salt Spring Island happened yesterday at a 42 year old log home. To accomplish the home inspections the buyer brought in a  Home Inspector, Geo-technical Engineer and a local Salt Spring contractor. Jeff the home inspector tells the story about the bag of Gold he found in an attic; gold story How […]

Salt Spring home face lift

My clients bought this dated salt spring home a month ago and are upgrading it.  The home was built in 1996 and is structurally 100% perfect.  It seams as if the original owner skimped on the finishing.   The main up grade Alex Denny (salt spring master carpenter) will be doing for the owners is re-finishing […]

Latest post

Packing Tips for Busy Home Sellers

Packing correctly can simplify the burden of the entire process for a household and potentially their moving company. By packing smart, using proper protocols, and paying attention to the details, things can be ready to go far before the movers arrive and ready to unload upon arrival. Here are some tips for busy home sellers […]

Salt Spring rental homes by the numbers

I get many people asking me about buying a rental home on Salt Spring and usually spend a lot of time answering all their questions.  So in this post, I hope to cover some of the factual information. Here are the typical questions and basic answers; What is the rental market like on Salt Spring?  […]

Salt Spring Housing Crisis explained

Is Salt Spring in the middle of a housing crisis?  It all depends on who you talk to and what one defines as a crisis. If you move to Salt Spring and have limited funds and are looking to rent a home at about $1000 per month your probably out of luck.  There are basically […]

Buying on Salt Spring Island

Salt Spring rental homes by the numbers

July 18, 2018 By Scott Simmons 2 Comments

I get many people asking me about buying a rental home on Salt Spring and usually spend a lot of time answering all their questions.  So in this post, I hope to cover some of the factual information. Here are the typical questions and basic answers; What is the rental market like on Salt Spring?  […]

Ban on Dual Agency BC

June 16, 2018 By Scott Simmons 2 Comments

On June 15th, 2018 the ban on dual agency just came into effect in BC. Here is a post I wrote about how the new rules will change the way I do business on Salt Spring New Rules for BC Real Estate As a continuation of the New Rules post, what happens if we are […]

New Rules for BC Real Estate

June 16, 2018 By Scott Simmons Leave a Comment

On the 15th of June 2018, the new rules governing BC real estate have come into effect. If you come to Salt Spring to look at homes and or land Scott will go over the form below and ask you if you would like agency representation and ask you to sign this Disclosure-of-Representation-in-Trading-Services as a represented part […]

Salt Spring Island Trust Land Use Zoning bylaw 355

February 17, 2018 By Scott Simmons Leave a Comment

On Salt Spring Island the Island Trust is responsible for our local zoning.  You can find our zoning info here at the Salt Spring Island Trust LUB 355. The bylaw has maps that cover every part of the island.  Believe it or not every few months or so I get an email from someone saying […]

Is an offer an sale?

January 26, 2018 By Scott Simmons Leave a Comment

This last month I had an accepted offer on a home and had a backup offer come in.  The backup offer was a very weak offer because the condition precedent (subject to clause) was so subjective.  It was subject to the buyer viewing and liking the lot.  Normally no one would take an offer like […]

More Posts from this Category

 

SALT SPRING NEWS

Salt Spring Housing Crisis explained

July 12, 2018 By Scott Simmons 2 Comments

Is Salt Spring in the middle of a housing crisis?  It all depends on who you talk to and what one defines as a crisis. If you move to Salt Spring and have limited funds and are looking to rent a home at about $1000 per month your probably out of luck.  There are basically […]

Candidate for Regional Director CREA

March 7, 2017 By Scott Simmons Leave a Comment

I’m running for the position of board member Regional Director for BC for the Canadian Real Estate Association (CREA).  Below is my official platform after edits suggested by CREA lawyers. My name is Scott Simmons. I’m a REALTOR® on Salt Spring Island BC. If you go to the REALTOR.ca site and put in Salt Spring […]

CRD sewer and solid waste

January 23, 2017 By Scott Simmons Leave a Comment

The nuts and bolts of local goverment are really the non glamours basics of water, sewer and garbage (solid waste).   The CRD is the local service provider for Salt Spring.  On the night of 24 Nov 2016 Russ Smith Senior Manager, Environmental Resource Management for the CRD put on a waste presentation.  Here is a […]

Incorporation – A Third Option: Self-governance with contracted services

May 11, 2016 By Scott Simmons Leave a Comment

This was just posted on the Salt Spring exchange in 4 parts.  I have permission from John Gauld the author to publish this document on my Salt Spring web site;   SSI is known as a community that questions conventional practices and is creative and innovative in its response to community challenges. Perhaps the up-coming […]

Salt Spring’s new SSIWPA PAC

November 4, 2014 By Scott Simmons 2 Comments

If you live on Salt Spring you have to get used to all the acronyms.  If you have not heard of SSIWPA it’s because it’s new.   SSIWPA stands for Salt Spring Island WaterShed Protection Authority.  Today  was the first meeting of the SSIWPA PAC (Public Advisory Committee). The ideal behind SSIWPA is that it […]

 

Critical Salt Spring Buying Info

Ban on Dual Agency BC

June 16, 2018 By Scott Simmons 2 Comments

On June 15th, 2018 the ban on dual agency just came into effect in BC. Here is a post I wrote about how the new rules will change the way I do business on Salt Spring New Rules for BC Real Estate As a continuation of the New Rules post, what happens if we are […]

New Rules for BC Real Estate

June 16, 2018 By Scott Simmons Leave a Comment

On the 15th of June 2018, the new rules governing BC real estate have come into effect. If you come to Salt Spring to look at homes and or land Scott will go over the form below and ask you if you would like agency representation and ask you to sign this Disclosure-of-Representation-in-Trading-Services as a represented part […]

Sun Path Chart

Does the home get sunlight?

February 28, 2013 By Scott Simmons 1 Comment

If you’re planning to live on Salt Spring year-round, one of the most important things to consider when buying a property is SUNLIGHT. Do the neighbor’s trees or a mountain block the sun during the winter months?  According to Salt Spring real estate mythology, “If they buy in August, they will list in November and […]

Aggregate Days on the Market

January 2, 2012 By Scott Simmons Leave a Comment

What are “aggregate days on the market”? On the Victoria Real Estate board an agent can “Re-List” a property for a mere $25 fee.  An example would be if a home has been listed on the board for 180 days the listing can be taken off the market and then “Re-Listed” and appear to be […]

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Salt Spring Island Real Estate Site Map Link

 
 

Mug Shot of Scott Simmons

Tel number
250.538.8316

Email; Saltspring at Yahoo dot com

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Scott's brokerage is eXp Realty
brokerage address;
1321 Blanshard Street, Suite 301
Victoria, BC
V8W 0B6

The information on this website is for general information purposes only. Nothing on this site should be taken as legal and or Realtor advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute a Realtor/client relationship.

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