581 BAYVIEW DRIVE, Mayne Island
$929,900
This 16,117.2 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.
Positioned along the shoreline of beautiful David’s Cove, this low bank waterfront property captures expansive sunrise views across one of Mayne Island’s warmest and most protected bays. The 875 sqft vintage cottage offers a simple and authentic coastal retreat with 2 bedrooms, 1 bathroom and a cozy wood stove, while the gently sloping 0.37-acre property provides approximately 200 feet of frontage with direct access to swimming, kayaking and quiet moorage. Rich in natural beauty and privacy, the property presents an exceptional opportunity to enjoy as-is, renovate over time, or create a new waterfront home immersed in the surrounding landscape. The neighbouring property at 579 Bayview is also available, offering potential to secure two side-by-side waterfront parcels.
How this price compares
This lot asks $58 per square foot of lot. That is 73% above the median of $33 across the 10 active lots VanPlex is showing in Mayne Island, and puts it 9 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
- $929,900
- Lot size
- 16,117.2 sqft
- Lot dimensions
- 200 x
- Frontage
- 200 ft
- Bedrooms
- 1
- Bathrooms
- 1
- Year built
- 1966
- MLS® area
- Mayne Island
- MLS® number
- R3132589
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Listing data via MLS®. Displayed for information only.