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

126 days on the market
$825,000
Est. Mortgage $3,650/mo
Listing updated:
EstateBlock checked:
2 Beds
1 Baths
844 sqft
977 $ /sqft
1977 built
126 days on the market
$825,000
Est. $3,650/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 506 Arbutus Drive

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 $825,000
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 $825,000
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, Secondary
Southpointe Academy
Above Average 25.29 km 9.9/10
Elementary, Secondary
Southpointe Academy
Above Average 25.29 km 9.9/10

Closest Transit

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

Crime Rate

Total Crime Rate
Low
Violent Crime Rate
Low
Property Crime Rate
Low

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

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 36.93 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How MAYNE ISLAND compares
This property
126 DOM
Listed
Mayne Island avg
Mayne Island avg

506 Arbutus Drive has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Restaurants (2 nearby)

  • The brickworks restaurant and lounge · 132 m · Restaurant
  • The bennett bay bistro · 146 m · Restaurant

Walkability & Transit Near 506 Arbutus Drive

Walk Score Badge
Car-Dependent 10

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 506 Arbutus Drive

/month
Principal & Interest
Property Taxes $269
Maintenance fee 0
A 20% down payment of $165,000 on this $825,000 listing yields an estimated mortgage of $3,151/month (30-year fixed, 4%). Total estimated housing cost: $3,420/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%
Cap Rate
Cash on Cash
With $2,962/month in estimated rental income against $3,557/month in mortgage payments, the monthly cashflow is -$595/month. A 36% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 506 Arbutus Drive, Mayne Island

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Mayne Island, Mayne Island

Beds Home Types Square Feet Lot Size Year Built
This Home $825,000
Mayne Island Loading...
Mayne Island Loading...

No active comparable properties are currently available for this property type in Mayne Island. The price evaluation chart will update as similar listings enter the market.

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

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 506 Arbutus Drive

Walk Score Badge
Car-Dependent 10

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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