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321 Fernwood Rd
GI Salt Spring Salt Spring V8K 1C3

$2,195,000
Commercial Sale

Main Photo: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 1: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 2: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 3: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 4: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 5: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 6: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 7: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 8: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 9: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 10: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 11: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 12: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 13: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 14: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 15: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 16: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 17: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 18: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 19: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 20: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 21: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Photo 22: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1045135
Excellent opportunity to acquire one of the few commercial properties in the Fernwood area of Salt Spring. This surprisingly busy corner includes Flora Cafe and is steps away from Fernwood Dock and 10 minutes to Ganges. Currently operating as the highly popular ‘Off the Hook’ restaurant, this 1/3 acre property boasts stunning ocean views and is improved with an approximate 3,400 sq.ft building with a licensed restaurant and 3-bed suite above, perfect for staff or an owner/operator. Licensed for 100 seats, the property also includes a seasonal patio for 48 guests. Significant renovations in recent years include all new main floor plumbing, elec. upgrades, commercial kitchen, new roof and flooring, custom bar, paving and more. This property shows like new with high quality finishings including a 24' long custom live edge liquor and sushi bar, outdoor wood fired pizza oven, modern lighting and more. On-site storage includes an exterior cooler and sea can.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
GI Salt Spring, Gulf Islands
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,460 sq. ft.
Taxes:
Building Features:
Parking
Construction:
Frame Wood, Insulation All
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Ceiling Heights:
Floor finish:
Laminate, Tile
Total Building Area:
3,334 sq. ft.
Commercial Area:
Subdivisable Area:
No
Water supply:
Municipal
Sewer:
Septic System
Cooling:
Partial
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Equip/Machinery, Fixtures, Goodwill, Inventory
Balcony/Patio, Outdoor Kitchen
Ocean
Main Level
0
Yes
No
Unrestricted
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:
Zoning:
C-3
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Other Equipment:
Propane Tank, Other Improvements
Occupancy:
Owner
Property Condition:
Updated/Remodeled
Utilities:
Electricity Connected, Phone Connected
Lot Site Features:
Easy Access, Family-Oriented Neighbourhood, Marina Nearby
Parking Features:
On Site
Total Parking Spaces:
19
Road Surface Type:
Paved
Total Units:
Date Listed:
Aug 04, 2026
Original Price:
2195000.0
  • Photo 1: 321 Fernwood Rd in Salt Spring: GI Salt Spring Mixed Use for sale (Gulf Islands)  : MLS®# 1045135
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Listed by Colliers
Data was last updated August 20, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,150,000
Min list price:
$499,000
Max list price:
$17,800,000
Avg days on market:
160
Min days on market:
16
Max days on market:
514
These statistics are generated based on the current listing's property type and located in Gulf Islands. Average values are derived using median calculations. This data is not produced by the MLS® system.

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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.