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"
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Listed by Pemberton Holmes - Salt Spring, sold on January, 2019
Data was last updated June 15, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
157
Avg list price:
$1,195,000
Min list price:
$139,000
Max list price:
$11,975,000
Avg days on market:
61
Min days on market:
3
Max days on market:
669
Avg price per sq.ft.:
$604.61
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.
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.