581 BAYVIEW DRIVE
Mayne Island, BC V0N2J1
$849,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.37 acres
- Frontage
- 200 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,118.28 (2026)
Interior
- Heating
- Electric, Wood
- Fireplace
- None
Parking
- Total spaces
- 2
Listing Information
- MLS®
- R3159278
- Listed
- August 27, 2026
- Time on market
- On the market for 5 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.
Description
Positioned along the shoreline of beautiful David´s Cove, this low bank waterfront property captures expansive sunrise views across one of Mayne Island´s warmest and most protected bays. The 875 square ft vintage cottage offers a simple and authentic coastal retreat with 2 bedrooms, 1 bathroom and a cozy wood stove, while the gently sloping 0.37-acre property provides approximately 200 feet of frontage with direct access to swimming, kayaking and quiet moorage. Rich in natural beauty and privacy, the property presents an exceptional opportunity to enjoy as-is, renovate over time, or create a new waterfront home immersed in the surrounding landscape. (id:63159)
Values & Trends
This listing
$971/sqft
Building average
—
No other active listings in this building
Mayne Island average
$816/sqft
22 active listing(s)
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Mayne Island School | Elementary | 2.2 km |
| Galiano Community School | Elementary | 4.6 km |
| Saturna Island Elementary Secondary | K-12 | 11.3 km |
| Pender Islands Elem-Secondary | Elementary/Middle | 11.3 km |
| Salt Spring Elementary | Elementary | 16.5 km |
| Gulf Islands Secondary | Secondary | 16.8 km |
| Phoenix Place | Secondary | 16.9 km |
| Fernwood Elementary | Elementary | 19.6 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.
School district: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($59,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.