506 ARBUTUS DRIVE, Mayne Island
$825,000
This 12,196.8 sqft property in Mayne Island is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Discover your perfect getaway with this 1 level waterfront cabin on Mayne Island, offering breathtaking views of beautiful Bennett Bay. This cozy 844 s/f home features 2 bedrooms and 1 bathroom, perfect for relaxing after a day of exploration on the beautiful nearby beaches within walking distance. Take in the serene vistas and the soothing sounds of nature with a deck close to the cliff side. The deck attached to the home will need to replaced to enhance your outdoor living space and fully enjoy the stunning waterfront setting. Whether you seek a year-round residence or a seasonal cottage, this hidden gem offers a peaceful oasis. If you are looking for an investment, this property is currently tenanted with an established tenant who would love to stay! Embrace island living and make this
How this price compares
This lot asks $68 per square foot of lot. That is 103% above the median of $33 across the 10 active lots VanPlex is showing in Mayne Island, and puts it 10 of 10 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $825,000
- Lot size
- 12,196.8 sqft
- Lot dimensions
- 70 x 141.78
- Frontage
- 70 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1977
- MLS® area
- Mayne Island
- MLS® number
- R3112343
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Listing data via MLS®. Displayed for information only.