- Active
506 Arbutus Drive
Mayne Island · Single Family
- Beds
- 2
- Baths
- 1
- Sqft
- 844
- Built
- 1977
Listed by RE/MAX Mayne-Pender · MLS® 1028851
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Sign inAbout this home
Discover your perfect getaway with this 1 level waterfront cabin on Mayne Island, offering breathtaking views of beautiful Bennett Bay. This cozy 844 s/f home features 2 bedrooms and 1 bathroom, perfect for relaxing after a day of exploration on the beautiful nearby beaches within walking distance. Take in the serene vistas and the soothing sounds of nature with a deck close to the cliff side. The deck attached to the home will need to replaced to enhance your outdoor living space and fully enjoy the stunning waterfront setting. Whether you seek a year-round residence or a seasonal cottage, this hidden gem offers a peaceful oasis. If you are looking for an investment, this property is currently tenanted with an established tenant who would love to stay! Embrace island living and make this delightful cabin your own!
Home facts
- Bedrooms
- 2
- Bathrooms
- 1 full
- Interior
- 844 sq ft
- Lot size
- 12,197 sq ft
- Year built
- 1977
- Parking
- 2
- Property type
- Single Family
- Fireplace
- 1
- Area
- Mayne Island
- Style
- Cottage
- Listed
- April 16, 2026
- Structure
- House
- PID
- 004-451-996
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Waterfront
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Parking
- Open
- Lot
- Southern exposure, Other
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,910
- Property tax
- $242/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,302
Purchase snapshot
- List price
- $825,000
- Down payment
- $165,000 (20%)
- Estimated mortgage
- $660,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 75%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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