Rare Oceanview Income Acreage!
Real Estate
Bedrooms
4
Bathrooms
2
Square Ft
1,695
Year Built
1950
About this item
Three Peaks View – Rare Oceanview Income Acreage on Salt Spring Island 5.03 acres • 3 Civic Addresses • $11,300/mo Income Potential • $3,899,999 (Negotiable) Welcome to Three Peaks View, a breathtakingly unique 5.03-acre property perched high above the Salish Sea on Salt Spring Island. This is not just a property—it’s a rare opportunity to own a piece of island magic with panoramic ocean, mountain, and island views, flexible zoning, multiple income streams, and massive future potential. Privately set and blessed with year-round sun and glorious sunrises, this exceptional parcel is a triple-address title with 5 income-generating dwellings, two reliable, high-producing potable wells, and the infrastructure to support a vision far beyond what’s typical on Salt Spring. Whether you’re an investor, visionary, lifestyle seeker, or legacy buyer—this is your chance to secure a truly irreplaceable property. Current & Projected Income Current income: $4,750/month Potential income: $11,200/month+ with modest improvements. Unit Current Rent / Potential Rent Main Home $0 (owner) $4,500/month Mobile Home $2,000 $2,000 Cabin $1,350 $1,800–2,000 Motorcoach $800 $800 Bunkie 1 $600 $900 Bunkie 2 $0 $1,000 All units but one are livable now, with potential for cosmetic upgrades to enhance appeal and rental return. Great for short-term or long-term rentals, multi-family living, or staff housing. What’s Included Three separate civic addresses (ideal for co-ownership, subdivision, or separate rental identities) Main House with spacious layout, full views, and private setting Mobile Home (tenanted) Charming Cabin with rental upside (tenanted at $1350/mo. with MUCH room for upgrades and higher rental revenue) Motorcoach suite with full utilities (tenanted) Two rentable Bunkies (one tenanted, one ready for your touch) Small barn, 4-car garage/carport multiple accessory outbuildings Two excellent water wells (one artesian, one drilled) Driveway access points, open areas, mature trees, and versatile land Flat, usable spaces for gardens, animals, or future development Ideal Uses Long-term investment with land appreciation Income property with immediate ROI Co-ownership between families or friends Wellness or artist retreat Boutique farm, hobby homestead, or eco-business Multi-generational family compound Land banking for future development Location, Lifestyle & Rarity Located just minutes from Ganges village, Three Peaks View offers access to shopping, schools, beaches, and ferry terminals—yet maintains complete privacy, peace, and space. You can live here quietly off-grid or plug into the Salt Spring community with ease. Salt Spring is a celebrated lifestyle destination: known for its artisanal culture, markets, art, nature, food, and wellness lifestyle. Owning 5+ oceanview acres with multiple dwellings here is virtually impossible to replicate—especially with this level of zoning, water security, and income. From the Owner “This isn’t a polished estate—it’s a rare find for someone with vision. The value is in the land, views, water, zoning, and flexibility. The homes are all liveable now and generating income, but they’re not luxury-level—yet. This is an opportunity to elevate, expand, or just enjoy a property that’s truly one-of-a-kind.” Asking Price: $3,899,999 This price reflects land scarcity, multi-unit income, potable water access, zoning flexibility, and long-term upside. We’re not firm—we’re looking for the right fit. Serious inquiries only. Viewings by appointment. Please reach out if you’re interested in: Booking a tour Exploring co-ownership or group investment ideas Hearing more the entire opportunity Making an offer Let’s talk about possibility, vision, and fit. Price is negotiable for the RIGHT fit :)
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