574 ARBUTUS DRIVE, Mayne Island
$1,279,000
This 8,276.4 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.
Waterfront property with licensed dock, spectacular views of coastal mountains and the never ending Belle Chain Islets. The 1937 s/f home offers a comfortable and inviting open plan with spacious kitchen, pantry, built in desk and wood stove off the eating area. Ocean view from the primary bedroom with large walk in closet and deluxe 4 pce ensuite. A combined 2 pce guest bathroom, laundry and sauna complete the main. Upstairs to a 2nd bedroom, hobby room or 3rd bedroom and full bathroom. Expansive two level ocean side deck with hot tub and outdoor shower. Lovely rock garden entrance off the carport, partially fenced yard, workshop, paved driveway for RV storage and steps away from your own private dock and beach access to Bennett Bay. Island living at its best!
How this price compares
This lot asks $155 per square foot of lot. That is 368% 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
- $1,279,000
- Lot size
- 8,276.4 sqft
- Lot dimensions
- 100 x 106.73
- Frontage
- 100 ft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1976
- MLS® area
- Mayne Island
- MLS® number
- R3169633
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Listing data via MLS®. Displayed for information only.