
137 Forest Ridge Rd
$1,519,000
Salt Spring
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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
Heating
Lot
Style
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Feb 15, 2026
Listed $1,519,000
Active134 days on marketMLS 1025499
How this listing compares
Based on 97 sales in Salt SpringMedian sold
$1,035,000
Avg days on market
83 days
Avg sale-to-list
94.8%
Avg $/sqft
$549
Price per square foot
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 market — 12.5 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.
Local price index (normalized) · 119 months
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.