Property Type: Detached HouseOwnership: Freehold

177 Mariners Way

Mayne Island, BC V0N2J2

$699,000

2 bed1 bath2 parking876 sqftBuilt 1975
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Property Details

Property & Lot

Sub-type
House
Lot size
14,810 square feet
Zoning
Residential

SR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,139.04

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2 — uncovered indicated
Features
Street

Room Dimensions

RoomLevelDimensions
EntranceMain level4'0 x 6'2
Living roomMain level16'1 x 16'2
KitchenMain level6'10 x 8'2
Dining roomMain level11'5 x 11'5
Primary BedroomMain level10'7 x 11'9
BedroomMain level9'6 x 14'7
BathroomMain level7'2 x 8'9
Unfinished RoomLower level11'4 x 29'8

Listing Information

MLS®
1000569
Listed
June 19, 2025
Time on market
On the market for 438 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mayne-Pender · Data source: CREA DDF.

Description

Welcome to Otterspool Cottage! Experience the charm of this cozy waterfront cabin, perfectly situated on a gently sloped lot with views into Village Bay, nestled in the tranquil woods. This adorable 2-bedroom, 1-bath cabin offers a warm and inviting atmosphere with a feeling of 'family'. The cottage features an open living space with large windows that showcase the scenic waterfront from the dining room, along with a workshop and laundry in the basement. Grab a couple chairs and head down to the shoreline where the forest meets the ocean to a lovely, little beach for summers and sunsets. Ideal for a weekend getaway or a quiet retreat, this waterfront cabin combines rustic charm with nature’s beauty for the perfect escape. Come Feel the Magic! (id:63159)

Values & Trends

This listing

$798/sqft

Building average

No other active listings in this building

Mayne Island average

$824/sqft

22 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Gulf Islands (Southern)

16°C

Humidity 73%

Wind WSW 2 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Mayne Island SchoolElementary3.6 km
Galiano Community SchoolElementary4.9 km
Pender Islands Elem-SecondaryElementary/Middle9.6 km
Salt Spring ElementaryElementary12.7 km
Saturna Island Elementary SecondaryK-1212.8 km
Gulf Islands SecondarySecondary13.0 km
Phoenix PlaceSecondary13.1 km
Fernwood ElementaryElementary16.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Cafes (1)

  • Village Fare658 m

Parks (1)

  • Village Bay Community Park758 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$305.59
Total monthly cost$3,913.36
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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