506 Arbutus Dr, Mayne Island BC - Single Family Residence for Sale - MLS# R3112343

$848,000
Est. Mortgage $3,752/mo
2 Beds
1 Baths
844 sqft
1005 $ /sqft
1977 built
20.81% cheaper than comparables
$848,000
Est. $3,752/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 506 Arbutus Drive

20.81% cheaper than comparables

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

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Refrigerator, Stove
Fireplace 1
Heating Type Baseboard, Electric
# of Kitchens 1
Flooring Vinyl, Carpet
Foundation Concrete Perimeter

Exterior Features

View Description Bennett Bay, Ocean
Roof Asphalt
Structures Residential Detached

Building Details

Price $848,000
Total Bedrooms 2
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 844
Year Built 1977
Age Of Building 49
Building Type Single Family Residence
Property Type Residential
Stories 1
Ownership Type Freehold NonStrata
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled
Parking Type Open, Front Access
Total Parking Spaces 2

Lot & Land

Lot Size 12196.8
Lot Size Depth Feet
Lot Size Frontage 70
MLS® # R3112343
Area Islands-Van. & Gulf
Neighbourhood Mayne Island
City Mayne Island
Postal Code V0N 2J1
Gross Taxes $3,228.74
Zoning SR

Property Timeline

Status Date Price
R3112343 / Active 04-16-2026 $848,000
Rooms
Floor Type Dimensions
Main Level Kitchen 9'3 x 9'3 ft
Main Level Dining Room 11'8 x 11'8 ft
Main Level Living Room 17'10 x 17'10 ft
Main Level Primary Bedroom 11'7 x 11'7 ft
Main Level Bedroom 11'7 x 11'7 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: RE/MAX Mayne-Pender & RE/MAX Mayne-Pender

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Private Schools

Elementary
Salt Spring Centre School
17.9 km
Elementary, Secondary
Southpointe Academy
25.29 km

Closest Transit

Bus Stop
Beaver Point Parking Lot
11.97 km
Skytrain
Skytrain @ Brighouse Stn
36.93 km

Demographics

Post-Secondary Education
Above Average
34.1%
No Certificate/Degree
Below Average
9.1%
Owner Occupied
Below Average
35.2%
Employment Rate
Below Average
23.4%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 506 Arbutus Drive

Mortgage Calculator for 506 Arbutus Drive

/month
Principal & Interest
Property Taxes $269
Maintenance fee 0
A 20% down payment of $169,600 on this $848,000 listing yields an estimated mortgage of $3,239/month (30-year fixed, 4%). Total estimated housing cost: $3,508/month, $269 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $3,205/month in estimated rental income against $3,649/month in mortgage payments, the monthly cashflow is -$444/month. A 31% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Mayne Island, Mayne Island

Beds Home Types Square Feet Lot Size Year Built
This Home $848,000
Mayne Island Loading...
Mayne Island Loading...

Based on 2 comparable active Single Family Residences in Mayne Island, the average asking price is $748,667. This listing is priced 13.3% above the neighbourhood average. This property is flagged as a Hot Deal (20.81% cheaper than comparables) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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