261 Mobrae Ave
$1,295,000
Salt Spring
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About this home
*** For more information, please click Brochure button. *** Feelings of peace and relaxation wash over you the moment you arrive at this beautifully maintained Salt Spring Island property. Lovingly improved and meticulously cared for, it offers the perfect balance of comfort, character, and opportunity to make it your own. Perched in one of the island’s most sought-after neighbourhoods, this .86-acre property enjoys spectacular sunset views over the Salish Sea and vistas of St. Mary Lake, distant fields, and coastal mountains. Surrounded by mature trees and abundant wildlife, the setting is both private and serene. The fully fenced backyard is designed for enjoyment and easy maintenance, featuring irrigated garden beds, a powered garden shed, woodshed, fire pit, brick patio, and a custom wood-fired cedar sauna built in 2025. The remaining grounds offer open lawn, wildflowers, mature timber, and a large level area ideal for a future shop, greenhouse, or studio. A unique bonus is the fully serviced and secluded guest retreat, home to “Daisy,” a beautifully restored vintage Travelux trailer with its own driveway—perfect for visitors, rental potential income, or creative space. Inside, soaring 14-foot vaulted ceilings, abundant natural light, exposed cedar beams, reclaimed wood accents, and thoughtful design create a warm modern farmhouse aesthetic. Extensive recent upgrades mean virtually every aspect of the home has been refreshed or improved. Additional features include a new oversized septic system (2020), engineered hardwood flooring, interior and exterior paint, upgraded electrical fixtures and receptacles, organic wool carpeting, new deck railings, workshop/tool room, insulated crawlspace, and numerous outdoor entertaining areas. Ideally located just 2 minutes from the Vesuvius ferry, 6 minutes from Ganges, and close to St. Mary Lake, sports fields, tennis courts, theatre, and shopping. A rare opportunity to enjoy island living at its finest. (id:65179)
Property details
From the listing's public record.
Lot size
0.86 acres
Year built
1975
Taxes
$3,854/yr
Zoning
Rural residential
View
Appliances
Heating
Cooling
Lot
Style
Price history
4 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 12, 2026
Listed $1,295,000
Active17 days on marketMLS 1040230Jan 25, 2023
Listed $1,099,000
Expired181 days on marketMLS 920964Nov 7, 2022
Listed $1,099,000
Cancelled58 days on marketMLS 918570Apr 8, 2020
$615,000
Sold55 days on marketMLS 831780
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
$804,000
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
Recent nearby sales
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$1,100,000
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4 bd · 3 ba · 2,637 sqft · $371/sqft · 118 days on market
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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.
Listed by Easy List Realty