Victoria BC Best Lakefront Properties
123 Smith Rd
Salt Spring
V8K 2W9
$2,800,000
Residential
beds: 4
baths: 6.0
4,864 sq. ft.
built: 2013
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1012248
- Bedrooms:
- 4
- Bathrooms:
- 6
- Year Built:
- 2013
- Photos (17)
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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.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 2013 (Age: 12)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 4,864 sq. ft.
- Auxiliary Building Living Area:
- 120 sq. ft.
- Listing General Location:
- GI Salt Spring, Gulf Islands
- Bedrooms:
- 4
- Bathrooms:
- 6.0 (Full:-/Half:-)
- Lot Size:
- 21,345 sq. ft.
- Kitchens:
- 1
- Home Style:
- Heritage, Post & Beam, West Coast
- Taxes:
- Signup
- Building Features:
- Basement, Bike Storage
- Construction:
- Cement Fibre, Concrete, Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls, Wood, See Remarks
- New Construction:
- No
- Basement:
- Finished, Full, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter, Slab
- Electricity:
- Yes
- Roof:
- Metal
- Other Structures:
- Storage Shed, Workshop
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Concrete, Cork
- Total Building Area:
- 5,264 sq. ft.
- Total Unfinished Area:
- 400 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 3
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 3
- # 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:
- 1,549 sq. ft.
- Living Area Main Floor:
- 1,731 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 1,984 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 2
- Fireplace Details:
- Living Room, Wood Burning
- Laundry Features:
- In House
- Water supply:
- Well: Drilled
- Sewer:
- Holding Tank, Septic System
- Additional Accommodations:
- Exists
- Cooling:
- None
- Heating:
- Baseboard, Heat Pump, Hot Water, Radiant Floor
- Fireplace:
- Yes
- Pending Date:
- Signup
- Built-In Range, Dishwasher, Dryer, F/S/W/D, Freezer, Microwave, Oven Built-In, Range Hood, Refrigerator, Washer, Water Filters
- Bar, Cathedral Entry, Ceiling Fan(s), Dining Room, Dining/Living Combo, Eating Area, French Doors, Furnished, Soaker Tub, Storage, Vaulted Ceiling(s), Workshop
- Insulated Windows, Screens, Vinyl Frames
- Balcony, Balcony/Deck, Balcony/Patio, Fenced, Fencing: Partial, Garden, Lighting, Low Maintenance Yard, Sprinkler System
- Ocean
- Ocean Front
- Main Level
- 0
- No age limits
- Aquariums, Birds, Cats OK, Dogs OK, Number Limit
- two pets of any type
- Yes
- No
- Some Rentals
- 30 day minimum rental
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- 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
- Association Fee Year:
- 2024
- Jurisdiction name:
- Gulf Islands Rural (764)
- Legal Description:
- Signup
- Zoning:
- R-01
- Accessibility:
- Accessible Entrance, Ground Level Main Floor, Wheelchair Friendly
- Legal Non-Conformance:
- Yes
- Bed and Breakfast:
- Potential
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 4
- 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:
- 1
- Other Equipment:
- Central Vacuum, Electric Garage Door Opener, Satellite Dish
- Occupancy:
- Owner
- Property Condition:
- Resale
- Utilities:
- Cable Available, Electricity Connected
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Site Features:
- Acreage, Dock/Moorage, Family-Oriented Neighbourhood, Marina Nearby, Private, Quiet Area, Recreation Nearby, Rural Setting, Sloped, Southern Exposure, Walk on Waterfront, In Wooded Area
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 3
- Garage:
- Yes
- Parking Features:
- Additional Parking, Driveway, Garage, Garage Double, Guest, RV Access/Parking
- Total Parking Spaces:
- 6
- Road Frontage Type:
- Marine
- Road Surface Type:
- Unimproved
- Common Parking Spaces:
- 0
- LCP Parking Spaces:
- 0
- Lot Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Aug 28, 2025
- Original Price:
- 2800000.0
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Listed by Easy List Realty
Data was last updated September 2, 2025 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 149
- Avg list price:
- $1,199,000
- Min list price:
- $130,000
- Max list price:
- $11,975,000
- Avg days on market:
- 103
- Min days on market:
- 4
- Max days on market:
- 748
- Avg price per sq.ft.:
- $581.63
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.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email