808 Rainbow Rd, Salt Spring
GI Salt Spring · Land · MLS® 1037567 · Listed May 20, 2026
First time on market in over 50 years, this rare 10-acre waterfront-access property offers an exceptional opportunity to create a legacy estate on Salt Spring Island. Beautifully untouched and richly forested, the property enjoys access to Booth Canal—perfect for kayaking serene waterways out to the ocean. Level and sun-dappled with multiple prime building sites for a dream residence and guest cottage, plus subdivision potential. Established plum and apple trees, along with a former vineyard site, add to the idyllic island charm. Cherished by three generations as a private retreat, this property captures timeless Salt Spring living. Included is an adorable approx. 600 sq. ft. cabin with power, water, covered porch, and woodstove. Surface spring well with 600-gallon reservoir and septic system already in place. Peaceful, private, minutes to town, and offered under assessed value—an extraordinary island opportunity.
| Property Type | Land |
| Bedrooms | 2 |
| Interior | 613 sqft |
| Lot Size | 435,600 sqft (10 acres) |
| Parking | 6 spaces |
| Year Built | 1975 |
| Fireplaces | 1 |
| Heating | Baseboard |
| Basement | None |
| Exterior | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Well: Drilled |
| Sewer | Septic System |
| Zoning | Residential |
| Taxes | $7,041 (2025) |
| MLS® # | 1037567 |
| Brokerage | eXp Realty |
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Salt Spring Island all property types averages, updated daily. See Salt Spring Island market stats or Salt Spring market stats.
It is listed at $1,699,000.
A Land in GI Salt Spring, Salt Spring with 2 bedrooms, 613 sqft, built in 1975.
It has 6 parking spaces.
The lot is 435,600 sqft (10 acres).
Salt Spring is currently a buyer's market: median sold price $987,163, 7.4 months of inventory, homes typically selling in about 87 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 8, 2026.
