Victoria Real Estate
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137 Forest Ridge Rd

$1,519,000

Salt Spring

Detached3 bd · 3 ba · 2,145 sqftBuilt 1989$708/sqft134 days on market

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About this home

“Beautifully maintained 5 acre rural property with level arable land, currently in pasture/grass, surrounded by mature trees. Fenced, it also offers paddocks & a large all-season riding ring suitable for horse or dog sports or repurposing. There is a 1430 sq ft stable/barn on concrete slab with 6 quality stalls but could be converted to a workshop, as well as equipment storage shelters, & an RV site. Zoning allows for the addition of a guest cottage & a studio. The well built 2145 sq ft, 2 storey home has 2 bedrooms & a large den, 2 1/2 bathrooms, a Pacific Energy woodstove, a large, full height (5’10”) crawl space & copper piping. Upgrades were made to the kitchen and bathrooms several years ago, 40 year fibreglass roofing (2011) plus eavestrough covers & new downspouts (2025) on all buildings as well as a new septic field (2026). Located on the quiet south end of the island, a beautiful drive, close to trails & in a desirable area, this lovely property offers good value, privacy and versatility.” (id:65179)

Property details

From the listing's public record.

Lot size

5.13 acres

Year built

1989

Taxes

$5,184/yr

Zoning

Unknown

Appliances

WasherRefrigeratorRange - ElectricDryer

Heating

Baseboard heatersElectricWood

Lot

AcreagePark settingPrivate settingSouthern exposurePartially cleared

Style

Character

Price history

1 record

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Feb 15, 2026

    Listed $1,519,000

    Active134 days on marketMLS 1025499

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: $708/sqftArea average: $549/sqft

Above 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

$1,146,000

Land

$540,000

Improvements

$606,000

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
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    $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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