584 Rainbow Rd

Single Family Residence For Sale in GI Salt Spring, Gulf Islands

$699,900
This partially cleared idyllic 7.77 acre rural property currently has seven dwelling units on it, in various stages of habitability. As there is a zoning variation of Affordable Housing Dwelling Units in place for this property, there is tremendous opportunity here for a new Affordable Housing Agreement to be developed in consultation with the LTC as the old one has been legally removed from the title. Single family residential use on this land is also available to a buyer. The location is ideal, just minutes to Ganges and a short 25 minute drive to Fulford Harbour. The land comprises a pleasant mix of sunny level land and natural forested areas. Do not walk the property without express permission, and only then when accompanied by a licensed Realtor.
Address 584 Rainbow Rd
List Price $699,900
Property Type Residential
Type of Dwelling Single Family Residence
Area Gulf Islands
Sub-Area GI Salt Spring
Floor Area 1,234 Sq. Ft.
Lot Size 338461.2 Sq. Ft.
Lot Size Acres 7.77 Ac.
MLS® Number 969165
Listing Brokerage Macdonald Realty Victoria
Basement Area Unfinished
Postal Code V8K 2M8
Tax Year 2024
Features Baseboard, Electric
Amenities Acreage, Cleared, Irregular Lot, Private, Rectangular Lot, Rocky, Rural Setting, In Wooded Area

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Randee Wilson, PREC*

Engel & Völkers

735 Humboldt St. Victoria BC V8W 1B1

Office: (250) 221-3530

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