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108 Tern Rd

$1,299,000

Salt Spring

Detached3 bd · 4 ba · 3,516 sqftBuilt 1992$369/sqft90 days on market

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About this home

Natural beauty meets refined design in this exceptional west coast ocean view home. The bright and airy main floor features a stunning great room with an impressive fireplace, where rich wood tones create an inviting, timeless space. A stylish sunroom and wrap-around decks showcase the dazzling ocean views. Three spacious bedrooms each have their own ensuite. The lower level is ideal for guests or as a BnB and also features a separate gym, plentiful storage, and an expansive covered deck. A large garage with Level 2 EV charger is perfect for storage, projects, or workshop. Meticulously maintained, the extensive upgrades include all required log maintenance, leaving the home in outstanding, move-in-ready condition. Outdoors, enjoy beautifully landscaped perennial gardens, raised beds, fruit trees, and water catchment supporting a sustainable island lifestyle. Located in upscale Channel Ridge, steps to extensive trails and minutes to town and ferry. Welcome to Spirit Lodge. (id:65179)

Property details

From the listing's public record.

Lot size

1 acres

Year built

1992

Taxes

$5,509/yr

Zoning

Residential

View

Mountain viewOcean view

Heating

Heat PumpElectricPropaneWood

Cooling

Air Conditioned

Lot

Private settingRectangular

Style

Log house/cabin

Price history

9 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Mar 31, 2026

    Listed $1,299,000

    Active90 days on marketMLS 1029949
  2. Sep 22, 2025

    Listed $1,299,000

    Expired182 days on marketMLS 1014131
  3. Jan 23, 2023

    Listed $995,000

    Expired27 days on marketMLS 922017
  4. May 12, 2022

    Listed $1,180,000

    Expired233 days on marketMLS 903131
  5. May 29, 2020

    $865,000

    Sold95 days on marketMLS 830290
  6. Jan 31, 2013

    $590,000

    Sold298 days on marketMLS 595067
  7. Aug 22, 2011

    Listed $790,000

    Cancelled177 days on marketMLS 582462
  8. Dec 15, 2009

    $685,000

    Sold94 days on marketMLS 513651
  9. Mar 31, 2005

    $599,000

    SoldMLS 356721

How this listing compares

Based on 97 sales in Salt Spring

Median sold

$1,035,000

Avg days on market

83 days

Avg sale-to-list

94.8%

Avg $/sqft

$549

Price per square foot

This home: $369/sqftArea average: $549/sqft

Below area average

Current market in Salt Spring

Active (same type)

101

Pending

20

All active listings

175

Months of supply

12.5

Buyer's market12.5 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,225,000

Land

$364,000

Improvements

$861,000

Homes in Gulf Islands sell at 103.9% of assessed value on average.

Based on 154 recent sales.

Local price trend

How Salt Spring has moved over the last decade.

6392121Jul 2016Jun 2021May 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 1502 Fulford-ganges Rd

    $1,100,000

    2 bd · 1 ba · 2,026 sqft · $543/sqft · 13 days on market

    Sold Jun 29, 2026 · 100% of list

  • 140 Saltair Lane

    $570,000

    — · — · 1,456 sqft · $391/sqft · 50 days on market

    Sold Jun 29, 2026 · 95.2% of list

  • 122 Ontario Pl

    $1,450,000

    2 bd · 3 ba · 2,652 sqft · $547/sqft · 14 days on market

    Sold Jun 29, 2026 · 96.7% of list

  • 165 Pallot Way

    $720,000

    2 bd · 2 ba · 1,538 sqft · $468/sqft · 18 days on market

    Sold Jun 29, 2026 · 93.6% of list

  • 200 Wilkie Way

    $1,305,000

    5 bd · 3 ba · 3,609 sqft · $362/sqft · 45 days on market

    Sold Jun 17, 2026 · 94% of list

  • 270 Price Rd

    $1,265,000

    4 bd · 3 ba · 3,096 sqft · $409/sqft · 40 days on market

    Sold Jun 15, 2026 · 90.5% of list

  • 151 Devine Dr

    $1,265,000

    3 bd · 4 ba · 2,390 sqft · $529/sqft · 16 days on market

    Sold Jun 15, 2026 · 97.5% of list

  • 141 Murrelet Pl

    $1,128,667

    3 bd · 2 ba · 2,118 sqft · $533/sqft · 89 days on market

    Sold Jun 11, 2026 · 94.4% of list

  • 121 Thomas Rd

    $978,750

    4 bd · 3 ba · 2,637 sqft · $371/sqft · 118 days on market

    Sold Jun 4, 2026 · 98.4% of list

  • 338 Walkers Hook Rd

    $720,000

    3 bd · 2 ba · 1,189 sqft · $606/sqft · 111 days on market

    Sold Jun 2, 2026 · 97.3% of list

  • 285 Mountain Park Dr

    $1,375,000

    4 bd · 3 ba · 3,246 sqft · $424/sqft · 85 days on market

    Sold Jun 1, 2026 · 83.4% of list

  • 425 Scott Point Dr

    $2,217,000

    2 bd · 3 ba · 3,369 sqft · $658/sqft · 5 days on market

    Sold May 28, 2026 · 101% of list

More on this listing

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