This cute but spacious summer or year round get-away is a great investment. Hardwood floors, good sized galley kitchen and main floor laundry area. Currently heated with pellet stove & electric baseboard, but a new heat pump to be installed in Nov. Principle bedroom on the upper floor has full 4pc ensuite and two good sized closets. Also a balcony off this bedroom. Second bedroom located on main floor and adjacent to 4pc bath. A spacious living room featuring the pellet stove, adjoins the dining room. A sunny deck of 300 sq.ft. provides a peaceful view to enjoy your morning coffee. In addition to the double garage there is a 150 sqft studio/exercise room. 0.29 acre lot and is priced well below the assessed value of $733,000. Call your realtor now.

Exterior Features

View Description	NO
Structures	Land Only

Building Details

Price	$559,900
Property Type	Land
Ownership Type	Freehold NonStrata
Utility Type	Sanitary Sewer Septic Tank, Storm Sewer Not Available, Electricity At Lot Line, Natural Gas Not Available, Natural Gas Connected, Cable Connected
Water (WaterSource)	Community

Lot & Land

Lot Size	12632
Lot Size Depth	Feet
Lot Size Frontage	200
MLS^® #	R3064657
Area	Islands-Van. & Gulf
Neighbourhood	Mayne Island
City	Mayne Island
Postal Code	V0N 2J1
Gross Taxes	$2,799
Zoning	RF1

Property Timeline

Status	Date	Price
R3064657 / Active	10-23-2025	$559,900
to view full Property History (1 earlier record)

Listed by: RE/MAX CAMOSUN (VREB)

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: 17.41 km
Elementary, Secondary
Southpointe Academy: 26.13 km

Closest Transit

Bus Stop
Beaver Point Parking Lot: 11.17 km
Skytrain
Skytrain @ Brighouse Stn: 37.73 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

38 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $-207,723

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Market conditions

Market conditions unavailable

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 37.73 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

301 DOM

Listed

Mayne Island avg

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Mayne Island avg

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702 Charter Road has a sell-speed score of 38/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 137.1% above comparable active properties in Mayne Island. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Mortgage Calculator for 702 Charter Road

Home Price

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Principal & Interest

Property Taxes $233

Maintenance fee 0

With a 20% down payment, buyers can expect an estimated $2,371/month in total housing costs on this $559,900 property — $2,138 mortgage payment, $233 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: May 27, 2026

Investment Cashflow Calculator

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Break Even Down Payment 0%

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Cash on Cash

Based on $2,122/month estimated rent and $2,464/month in total housing costs, this property has a -$342/month cashflow. Break-even down payment: approximately 33%.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 702 Charter Road, Mayne Island

Buy Vs Rent Calculator

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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.