151 Rainbow Rd
GI Salt Spring SALT SPRING ISLAND V8K 2M3

$485,000
Residential beds: 2 baths: 1.0 693 sq. ft. built: 1950

Status:
Sold
Prop. Type:
Residential
MLS® Num:
802939
Sold Date:
Jan 31, 2019
Bedrooms:
2
Bathrooms:
1
Year Built:
1950
Cute, recently renovated, 2 bedroom home located in the downtown Ganges core near all amenities. Great rental/holding property. Zoned Commercial 2(b) allowing a number of opportunities including restaurant, professional offices, retail sales, car rental, commercial guest accommodation in the form of a "guest house" (up to 9 units), and home based businesses accessory to residential use. Front of property has a 3 year land lease in place, generating additional monthly revenue.
Price:
$485,000
Dwelling Type:
Single Family Detached
Property Type:
Residential
Bedrooms:
2
Bathrooms:
1.0
Year Built:
1950
Floor Area:
693 sq. ft.
Lot Size:
7,841 sq. ft.
MLS® Num:
802939
Status:
Sold
Floor
Type
Size
Other
Main Floor
Bedroom
26'3" × 23'
Main Floor
Living Room
59'1" × 36'1"
Main Floor
Bedroom
36'1" × 26'3"
Main Floor
Kitchen
42'8" × 36'1"
Larger map options:
Larger map Satellite map Street View Walkscore
Listed by Pemberton Holmes - Salt Spring, sold on January, 2019
Data was last updated July 15, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
152
Avg list price:
$1,195,000
Min list price:
$136,000
Max list price:
$11,975,000
Avg days on market:
81
Min days on market:
2
Max days on market:
699
Avg price per sq.ft.:
$601.59
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.
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.
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.