531 ARBUTUS DRIVE, Mayne Island
$635,000
This 16,988.4 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.
Ideal location that's 'steps away' from Bennett Bay with an easy beach access for beachcombers and kayakers alike. The 940 s/f, 2 bedroom, one bathroom bungalow has been well cared for, with new kitchen, pantry and a vintage replica electric stove. Open living space with free standing wood stove, covered patio with laundry and 182 s/f deck off the main for your morning sunrise and coffee. The 515 s/f detached building is divided into a workshop and office or studio space. A completely fenced .39 acre yard perfect for family play and pets. Vegetable garden plots, own well for irrigation and wood shed complete this sweet island home.
How this price compares
This lot asks $37 per square foot of lot. That is 13% above the median of $33 across the 10 active lots VanPlex is showing in Mayne Island, and puts it 6 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
- $635,000
- Lot size
- 16,988.4 sqft
- Lot dimensions
- 73 x 114.0
- Frontage
- 73 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1963
- MLS® area
- Mayne Island
- MLS® number
- R3146921
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Listing data via MLS®. Displayed for information only.