Property Type: Detached HouseOwnership: Freehold

274 MERRYMAN DRIVE

Mayne Island, BC V0N2J2

$558,000

2 bed1 bath6 parking1,034 sqftBuilt 2003
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Amenities

Also listed: Guest Suite

Property Details

Property & Lot

Sub-type
House
Lot size
29,185 square feet
Frontage
0 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,204.64 (2025)

Interior

Basement
Crawl space, Unknown, Unknown
Heating
Radiant heat, Electric
Fireplace
Yes (1)

Exterior & Lot

View
View

Parking

Total spaces
6 — uncovered indicated
Features
RV

Listing Information

MLS®
R3089173
Listed
February 12, 2026
Time on market
On the market for 201 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX LIFESTYLES REALTY · Data source: CREA DDF.

Description

This private retreat sits on 0.67 acres on Mayne Island, one of BC´s Southern Gulf Islands, accessible by BC Ferries and known for its quiet, natural beauty and small waterfront community. The 2003-built 1.5-storey log cabin offers 2 bedrooms plus an open loft ideal as a third sleeping area or family space, and one full 4-piece bathroom. Features include a wrap-around deck with built-in BBQ and covered rear storage. Outbuildings include a wired workshop (278 sq. ft.), a special woodshed (129 sq. ft.), and a wired tree house (100 sq. ft.), all surrounded by forested privacy. (id:63159)

Values & Trends

This listing

$540/sqft

Building average

No other active listings in this building

Mayne Island average

$835/sqft

22 active listing(s)

Parking: 6 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

11

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 SchoolElementary2.7 km
Galiano Community SchoolElementary5.3 km
Pender Islands Elem-SecondaryElementary/Middle9.0 km
Saturna Island Elementary SecondaryK-1211.8 km
Salt Spring ElementaryElementary13.7 km
Gulf Islands SecondarySecondary14.0 km
Phoenix PlaceSecondary14.1 km
Fernwood ElementaryElementary17.9 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 Fare618 m

Parks (2)

  • Village Bay Community Park266 m
  • Dinner Bay Park673 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$446,400.00
Periodic payment — Principal & Interest (monthly)$2,880.02
Additional monthly expenses (strata, tax, utilities, etc.)$235.72
Total monthly cost$3,115.74
Interest paid over 5-yr term$127,939.52
Balance at end of term$401,538.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,053.98

Cash Needed at Closing

Minimum down payment$30,800
Estimated BC PTT$9,160
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,460

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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