490 Rainbow Rd
Salt Spring
V8K 2M5
$790,000
Residential
beds: 1
baths: 2.0
1,257 sq. ft.
built: 1971
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1033701
- Bedrooms:
- 1
- Bathrooms:
- 2
- Year Built:
- 1971
- Photos (32)
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Level, sun-drenched 2.53-acre property offering a rare blend of privacy, productivity, and proximity to town. The property features a charming cottage and separate studio—ideal for guests, creative space, or extended family. Multiple fenced garden areas with raised beds invite a self-sufficient lifestyle, complemented by established fruit trees including plum, fig, and mature grape vines. A peaceful forested backdrop with a year-round creek provides a licensed water source, enhanced by a new pump, pump house, water treatment system, and updated lines (2023). Gently usable land with excellent sun exposure in a quiet setting just minutes to Ganges. An exceptional opportunity to enjoy the Salt Spring Island lifestyle.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1971 (Age: 55)
- Living Area:
- 1,257 sq. ft.
- Listing General Location:
- GI Salt Spring, Gulf Islands
- Bedrooms:
- 1
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 2.53 acre(s)
- Kitchens:
- 1
- Taxes:
- $2,669 / 2025
- Building Features:
- Transit Nearby
- Construction:
- Frame Wood
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter
- Roof:
- Metal
- Total Building Area:
- 1,429 sq. ft.
- Total Unfinished Area:
- 172 sq. ft.
- # Bedrooms or Dens Total:
- 1
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 1
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 834 sq. ft.
- Living Area Other Floor:
- 423 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Wood Burning Stove
- Laundry Features:
- In House
- Water supply:
- Other
- Sewer:
- Septic System
- Cooling:
- None
- Heating:
- Baseboard, Wood
- Fireplace:
- Yes
- Stained/Leaded Glass
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Main Floor
- Dining Room
- 9'7" × 6'8"
- Main Floor
- Laundry
- 5'4" × 2'10"
- Main Floor
- Entrance
- 9'3" × 4'11"
- Main Floor
- Family Room
- 16'2" × 7'5"
- Main Floor
- Living Room
- 9'7" × 9'1"
- Main Floor
- Bedroom
- 9'9" × 9'5"
- Main Floor
- Rec Room
- 18'11" × 7'5"
- Main Floor
- Kitchen
- 11'1" × 10'
- Other
- Studio
- 21'5" × 17'9"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 4-Piece
- Other
- No
- 3
- 3-Piece
- Assessed:
- 635000.0
- Assessment year:
- 2026
- Jurisdiction name:
- Gulf Islands Rural (764)
- Legal Description:
- LOT 3, PLAN VIP22860, SSECTION2, RANGE 2E, COWICHAN LAND DISTRICT, PORTION NORTH SALT SPRING
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- South
- Layout:
- Rancher
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport
- Total Parking Spaces:
- 4
- Date Listed:
- May 06, 2026
- Original Price:
- 790000.0
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Studio Bathroom
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Cottage Covered porch
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Cottage entry
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Listed by eXp Realty
Data was last updated May 24, 2026 at 07:30 AM (UTC)
Area Statistics
- Listings on market:
- 176
- Avg list price:
- $1,162,000
- Min list price:
- $165,000
- Max list price:
- $5,985,000
- Avg days on market:
- 53
- Min days on market:
- 1
- Max days on market:
- 709
- Avg price per sq.ft.:
- $605.69
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.
- ERIN WILLIAMS
- eXp Realty
- 1 (250) 5378568
- Contact by Email
Quick Links
Contact Me
Office Number: 2505378568
erinwilliamsrealty@gmail.com
Head Office
301-3450 Uptown BoulevardVictoria BC, V8Z 0B9