Sold
195 Cherry Tree Lane, Mayne Island, BC
3
Beds
2
Baths
1137
sqft
1979
built
707 Wilks Rd, Mayne Island BC – House for Sale – MLS® R3174732
707 Wilks Road, Mayne island, British Columbia V0N 2J1
1 day on the market
$499,000
Est. Mortgage $2,208/mo
Listing updated:
EstateBlock checked:
2
Beds
1
Baths
755
sqft
661
$
/sqft
1967
built
NEW
32.8% cheaper than comps
Photos
Property Details for 707 Wilks Road
32.8% cheaper than comps
Perfectly placed along the water's edge of beautiful Campbell Bay, you'll find a waterfront cabin that has belonged to the same loving family for several decades. Priced to sell, this fixer-upper summer cabin is in need of upgrades to be able to enjoy it at it's full potential. This 2 bed, 1 bath 755 sqft cabin with steps down to the water, is a perfect starter project. To the right, if you're looking at the water, there is a park area which means no one will build beside you giving you even more peace and privacy. Call your Realtor today as this opportunity won't last long! Property is being sold 'AS IS, WHERE IS.'
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Electric, Wood |
| # of Kitchens | 1 |
| Flooring | Vinyl |
| Foundation | Other |
Exterior Features
| Exterior Features | Private Yard |
|---|---|
| View Description | Ocean & Mountain |
| Roof | Asphalt |
| Structures | Residential Detached |
Building Details
| Price | $499,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 755 |
| Year Built | 1967 |
| Age Of Building | 59 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 1 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Water Connected |
| Utility Sewer | Holding Tank |
| Water (WaterSource) | Community |
| Parking Type | Open |
| Total Parking Spaces | 2 |
Lot & Land
| Lot Size | 16117.2 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 75.58 |
| MLS® # | R3174732 |
| Area | Islands-Van. & Gulf |
| Neighbourhood | Mayne Island |
| City | Mayne Island |
| Postal Code | V0N 2J1 |
| Gross Taxes | $2,477 |
| Zoning | SR |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Kitchen | 7'11 x 7'11 ft |
| Main Level | Dining Room | 7'11 x 7'11 ft |
| Main Level | Living Room | 16'1 x 16'1 ft |
| Main Level | Primary Bedroom | 15'11 x 15'11 ft |
| Main Level | Bedroom | 11'5 x 11'5 ft |
| Main Level | Walk-In Closet | 7'7 x 7'7 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
Listed by: 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 24.79 km
- Elementary, Secondary
- Southpointe Academy
- Above Average 24.79 km
Closest Transit
- Bus Stop
- Beaver Point Parking Lot
- 12.22 km
- Skytrain
- Skytrain @ Brighouse Stn
- 36.12 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
74 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $662,672
—
Market conditions
Market conditions unavailable
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 36.12 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
1 DOM
Mayne Island avg
—
Mayne island avg
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707 Wilks Road has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is priced 32.8% below comparable active properties in Mayne Island, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.
Nearby Restaurants, Cafes & Shops
Walkability & Transit Near 707 Wilks Road
Car-Dependent
4
Walk Score - Car-Dependent
Almost all errands require a car
Some Transit
0
Transit Score - Minimal Transit
It is possible to get on a bus
Somewhat
Bikeable 21
Bikeable 21
Bike Score - Somewhat Bikeable
Minimal bike infrastructure
Mortgage Calculator for 707 Wilks Road
/month
Principal & Interest
Property Taxes
$206
Maintenance fee
0
Financing 80% of the $499,000 asking price over 30 years at 4% results in approximately $2,112/month in total estimated carrying costs, $206 property tax.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Investment Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment
0%
Cap Rate
Cash on Cash
This listing generates an estimated $1,990/month in rental income, leaving a -$205/month cashflow at current carrying costs. Investors targeting break-even would need roughly 29% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Estateblock Rent Estimate for 707 Wilks Road, Mayne island
Buy Vs Rent Calculator
—
/ month
Principal: —
Interest, tax, insurance, fees: —
Rent vs own
—
Principal paid off by year 5
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Principal paid off by year 10
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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.
Price vs Neighbourhood Average — Mayne Island, Mayne island
This Home
$499,000
Mayne island
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Mayne Island
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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. This property is flagged as a Hot Deal (32.8% 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy
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