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378 Rainbow Rd

$1,775,000

Salt Spring

Detached2 bd · 1 ba · 923 sqftBuilt 1990$1,923/sqft1 day on market

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About this home

Rare, and like no other property on Salt Spring Island, is where you will discover dreams come true of owning approx. 20 acres of sun soaked farmable land & walking distance to Ganges. The land has been thoughtfully planned out & their labor of love is self-evident. Revenue producing property for tradesmen and artisans; can start operating your business in this impressive spacious covered shop with storage & parking for equipment. Newly installed greenhouses with power allow you to have vegetables all year round. Regenerative Farming practices implemented with moveable fencing to allow cattle to graze throughout numerous pastures. Fenced corral and squeeze area for various livestock. Rain Water Harvesting system intelligently designed to take advantage of the rainy seasons & the added bonus of having Okano/Aske Creek run through the property & water license. Rental pads for farming help which adds additional supplemental income. Self sufficient lifestyle starts at 378 Rainbow Road. (id:65179)

Property details

From the listing's public record.

Lot size

19.72 acres

Year built

1990

Taxes

$1,214/yr

Zoning

Agricultural

Appliances

WasherRefrigeratorDryer

Heating

Baseboard heatersWood

Lot

AcreagePrivate settingWooded areaMarine Oriented

Style

CottageCabin

Price history

7 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jun 30, 2026

    Listed $1,775,000

    Active1 days on marketMLS 1041854
  2. May 3, 2026

    Listed $1,850,000

    Ddf_delisted57 days on marketMLS 1033584
  3. Feb 5, 2024

    Listed $1,950,000

    Expired146 days on marketMLS 952107
  4. Feb 5, 2024

    Listed $1,950,000

    Expired146 days on marketMLS R2847580
  5. Jun 30, 2023

    Listed $1,950,000

    Expired173 days on marketMLS 935668
  6. Jun 30, 2023

    Listed $1,950,000

    Expired173 days on marketMLS R2797585
  7. Nov 1, 2021

    $1,100,000

    Sold54 days on marketMLS 878587

How this listing compares

Based on 99 sales in Salt Spring

Median sold

$1,035,000

Avg days on market

84 days

Avg sale-to-list

94.7%

Avg $/sqft

$556

Price per square foot

This home: $1,923/sqftArea average: $556/sqft

Above area average

Current market in Salt Spring

Active (same type)

96

Pending

19

All active listings

170

Months of supply

11.6

Buyer's market11.6 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$276,000

Homes in Gulf Islands sell at 103.8% of assessed value on average.

Based on 156 recent sales.

Local price trend

How Salt Spring has moved over the last decade.

6392121Aug 2016Jul 2021Jun 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 901 Isabella Point Rd

    $825,000

    1 bd · 1 ba · 600 sqft · $1,375/sqft · 158 days on market

    Sold Jun 30, 2026 · 94.3% of list

  • 103 Murrelet Pl

    $1,200,000

    3 bd · 3 ba · 2,501 sqft · $480/sqft · 67 days on market

    Sold Jun 30, 2026 · 93.4% of list

  • 140 Saltair Lane

    $570,000

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

    Sold Jun 29, 2026 · 95.2% of list

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

More on this listing

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