Property Type: Land / LotOwnership: Freehold

Lot A Beechwood Dr

Mayne Island, BC V0N2J2

$699,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
1.9 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,208.39

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

Listing Information

MLS®
988026
Listed
March 6, 2025
Time on market
On the market for 543 days
Data last synced
August 28, 2026

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

Description

Bring your building plans and ideas to develop your perfect island home or getaway on this beautiful, south-facing, 1.9 acre private, high bank waterfront property. Explore the acreage as you walk through the fir, cedar and arbutus trees while you look for the perfect location to construct your house and guest cottage. A drilled well is in place, a septic system and driveway are needed. If you love the sun, this one is for you as it fills the property with sunshine, even in the winter. Come Feel the Magic! (id:63159)

Location Insights

Weather

Nearest station: Gulf Islands (Southern)

16°C

Humidity 76%

Wind SSW 12 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Mayne Island SchoolElementary4.0 km
Pender Islands Elem-SecondaryElementary/Middle6.1 km
Saturna Island Elementary SecondaryK-126.3 km
Galiano Community SchoolElementary9.7 km
Salt Spring ElementaryElementary19.0 km
Gulf Islands SecondarySecondary19.3 km
Phoenix PlaceSecondary19.4 km
Parkland SecondarySecondary20.9 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.

School district: Gulf Islands (SD64)

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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.)$184.03
Total monthly cost$3,791.80
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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