706 HORTON BAY ROAD, Mayne Island

$699,000

This 30,492 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.

Perched above the water in beautiful Horton Bay, is your new summer getaway! A 614 s/f 2 bed, 1 bath cabin is all set for new memories to be made. This 0.70 acre property is full of potential to either re-build or you can leave it as is and bask in the morning sun amongst all the trees. An artesian well supplies water. Follow the trail down to steps at the water's edge which are an added bonus for beach combing in the Bay. This property is also very close to the Anson Road government dock with moorage available. Property is being sold 'As is, where is'. Priced way below assessment, this opportunity won't last long, call your Realtor today for further information. Come Feel the Magic

How this price compares

This lot asks $23 per square foot of lot. That is 20% below the median of $29 across the 11 active lots VanPlex is showing in Mayne Island, and puts it 4 of 11 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
$699,000
Lot size
30,492 sqft
Lot dimensions
139.48 x 230.84
Frontage
139.48 ft
Bedrooms
2
Bathrooms
1
Year built
1977
MLS® area
Mayne Island
MLS® number
R3177002

Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.

Listing data via MLS®. Displayed for information only.