321 Fernwood Rd, Salt Spring
GI Salt Spring · Mixed Use · MLS® 1045135 · Listed Aug 4, 2026
Excellent opportunity to acquire one of the few commercial properties in the Fernwood area of Salt Spring. This surprisingly busy corner includes Flora Cafe and is steps away from Fernwood Dock and 10 minutes to Ganges. Currently operating as the highly popular ‘Off the Hook’ restaurant, this 1/3 acre property boasts stunning ocean views and is improved with an approximate 3,400 sq.ft building with a licensed restaurant and 3-bed suite above, perfect for staff or an owner/operator. Licensed for 100 seats, the property also includes a seasonal patio for 48 guests. Significant renovations in recent years include all new main floor plumbing, elec. upgrades, commercial kitchen, new roof and flooring, custom bar, paving and more. This property shows like new with high quality finishings including a 24' long custom live edge liquor and sushi bar, outdoor wood fired pizza oven, modern lighting and more. On-site storage includes an exterior cooler and sea can.
| Property Type | Mixed Use |
| Lot Size | 16,460 sqft (0.37 acres) |
| Lot Features | Easy Access, Family-Oriented Neighbourhood, Marina Nearby |
| Parking | 19 spaces |
| Heating | Baseboard, Electric |
| Exterior | Frame Wood, Insulation All |
| Foundation | Concrete Perimeter |
| Flooring | Laminate, Tile |
| Water | Municipal |
| Sewer | Septic System |
| Taxes | $11,936.58 (2026) |
| Extras | Equip/Machinery,Fixtures,Goodwill,Inventory |
| MLS® # | 1045135 |
| Brokerage | Colliers |
Similar properties sold within 6 months
Salt Spring Island single-family averages, updated daily. See Salt Spring Island market stats or Salt Spring market stats.
It is listed at $2,195,000.
It has 19 parking spaces.
The lot is 16,460 sqft (0.37 acres).
Salt Spring is currently a buyer's market: median sold price $1,057,000, 6.8 months of inventory, homes typically selling in about 84 days.
There are 100 houses for sale in Salt Spring Island right now. Browse all Salt Spring Island houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Salt Spring Island is $1,057,000, based on 251 sales over the past 12 months. The median price per square foot is $631. Compare asking prices across the houses currently for sale in Salt Spring Island.
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 26, 2026.
