808 Rainbow Rd

808 Rainbow Rd · Salt Spring · Vacant Land · 2 bed · $1,699,000 · MLS 1037567

Salt Spring, British Columbia
C$1,699,000
For sale
808 Rainbow Rd

808 Rainbow Rd is located in Salt Spring. Property snapshot: Vacant Land, 2 bed, listed at $1,699,000, MLS 1037567. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 62. Latest recorded list price 1699000.00.

List Price: $1,699,000
MLS: 1037567
Bedrooms: 2
Days on Site: 62
Price History: Latest recorded list price 1699000.00

Local Decision Guide

How should buyers evaluate 808 Rainbow Rd?

Start by reading this listing in its Salt Spring context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 808 Rainbow Rd?

This page shows a list price of $1,699,000 with MLS 1037567.

What type of home is this Salt Spring listing?

The page shows Vacant Land, 2 bed at 808 Rainbow Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 62 days on market/site. Latest recorded list price 1699000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

First time on market in over 50 years, this rare 10-acre waterfront-access property offers an exceptional opportunity to create a legacy estate on Salt Spring Island. Beautifully untouched and richly forested, the property enjoys access to Booth Canal—perfect for kayaking serene waterways out to the ocean. Level and sun-dappled with multiple prime building sites for a dream residence and guest cottage, plus subdivision potential. Established plum and apple trees, along with a former vineyard site, add to the idyllic island charm. Cherished by three generations as a private retreat, this property captures timeless Salt Spring living. Included is an adorable approx. 600 sq. ft. cabin with power, water, covered porch, and woodstove. Surface spring well with 600-gallon reservoir and septic system already in place. Peaceful, private, minutes to town, and offered under assessed value—an extraordinary island opportunity. (id:56153)

Property Details

Vacant Land
Building Type
2
Bedrooms
-
Bathrooms
1975
Year Built
51 years
Age
62
Days on Site
435,600 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29785637 (1037567)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,699,000

Lot Area: 435,600 sf

PID: 004-733-738

Days on Site: 62 days

Added to BurnabyHouse: 2026-05-21

Updated on: 2026-05-21 01:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
About 2.4 km away
374 Lower Ganges Road
About 3.5 km away
114 Purvis Lane, Ganges
Shopping Centres
About 3.6 km away
About 3.6 km away
Parks / Green Space
MOUNT ERSKINE PARK
About 1.2 km away
Class A · 0529 · 00
About 1.3 km away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Thu, 21 May 2026 12:00:46 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: eXp Realty

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