- Active
706 Fernhill Road
Mayne Island · Land
- Lot size
- 1.90 acres
Listed by RE/MAX Mayne-Pender · MLS® R3009492
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About this home
Discover this 1.90-acre piece of bare land, offering a perfect blank canvas for your dream home or getaway retreat. This property features a convenient driveway to the top, a drilled well, and is embraced by a canopy of mature trees that offer privacy and natural beauty. Located just minutes from beaches, parks, and shops, this lot combines nature's serenity with convenience. Whether you're seeking solitude or a scenic spot to build, this land presents endless possibilities for creating your ideal sanctuary. Zoning allows for a house and a 1001 sq ft cottage. Hydro at the road, and a septic will be required. Come Feel the Magic!
Home facts
- Lot size
- 1.90 acres
- Property type
- Land
- Area
- Islands-Van. & Gulf
- Sub-area
- Mayne Island
- Structure
- Land Only
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which 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
- $1,825
- Property tax
- $108/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,083
Purchase snapshot
- List price
- $385,000
- Down payment
- $77,000 (20%)
- Estimated mortgage
- $308,000
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
For investors
As a rental
- Estimated rent
- $800 a month
- Gross yield
- 2.5%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Space and layout
Room sizes and building details need a free account
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Home value
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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.
- Agricultural Land Reserve
- In the ALR
- Provincial farmland protection restricts subdivision and non-farm use.
- 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 · 71%
Who lives here
Documents
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