Property Type: Detached HouseOwnership: Freehold

254 Mariners Way

Mayne Island, BC V0N2J2

$550,000

2 bed2 bath2 parking1,064 sqftBuilt 2007
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Property Details

Property & Lot

Sub-type
House
Lot size
14,375 square feet
Zoning
Residential

R

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,230.81

Interior

Heating
Baseboard heaters, Electric, Wood, Other
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Stove, Dryer, Microwave

Exterior & Lot

Lot features
Other

Building

Parcel ID (PID)
003-071-707

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
LoftSecond level14'3 x 18'8
BathroomMain level5'2 x 5'6
BathroomMain level7'4 x 7'9
Primary BedroomMain level13'5 x 14'3
BedroomMain level9'5 x 10'2
Laundry roomMain level4'6 x 5'2
KitchenMain level8'9 x 9'4
Dining roomMain level9'4 x 20'2
Living roomMain level9'9 x 10'11

Listing Information

MLS®
1026075
Listed
March 17, 2026
Time on market
On the market for 167 days
Data last synced
August 31, 2026

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

Description

Relax and unwind at this perfect west coast style cabin offering 1084 sqft of cozy living space. Featuring 2 bedrooms, 2 bathrooms and a 209 sqft loft for additional sleeping, storage or office space. The backyard boasts a lovely fire pit area, 294 sqft of deck space, ideal for gatherings with friends and family and a gently sloping, partially fenced, grassy yard for outdoor activities. Well-maintained, this island retreat combines rustic charm with practical amenities, making it a great investment opportunity or getaway retreat. Come Feel the Magic! (id:63159)

Values & Trends

This listing

$517/sqft

Building average

No other active listings in this building

Mayne Island average

$836/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

15

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 SchoolElementary3.0 km
Galiano Community SchoolElementary5.2 km
Pender Islands Elem-SecondaryElementary/Middle9.1 km
Saturna Island Elementary SecondaryK-1212.0 km
Salt Spring ElementaryElementary13.4 km
Gulf Islands SecondarySecondary13.8 km
Phoenix PlaceSecondary13.9 km
Fernwood ElementaryElementary17.7 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 Fare523 m

Parks (2)

  • Village Bay Community Park149 m
  • Dinner Bay Park729 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$440,000.00
Periodic payment — Principal & Interest (monthly)$2,838.73
Additional monthly expenses (strata, tax, utilities, etc.)$238.90
Total monthly cost$3,077.63
Interest paid over 5-yr term$126,105.26
Balance at end of term$395,781.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,000
Stress test qualifying rate8.09%
Payment you must qualify for$3,998.62

Cash Needed at Closing

Minimum down payment$30,000
Estimated BC PTT$9,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,500

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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