177 Mariners Way, Mayne Island BC - Single Family Residence for Sale - MLS# R3017930

$699,000
Est. Mortgage $3,092/mo
2 Beds
1 Baths
876 sqft
798 $ /sqft
1975 built
12.5% price reduction, 50.06% cheaper than comparables
$699,000
$799,000
Est. $3,092/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 177 Mariners Way

12.5% price reduction 50.06% cheaper than comparables

Welcome to Otterspool Cottage! Experience the charm of this cozy waterfront cabin, perfectly situated on a gently sloped lot with views into Village Bay, nestled in the tranquil woods. This adorable 2-bedroom, 1-bath cabin offers a warm and inviting atmosphere with a feeling of 'family'. The cottage features an open living space with large windows that showcase the scenic waterfront from the dining room, along with a workshop and laundry in the basement. Grab a couple chairs and head down to the shoreline where the forest meets the ocean to a lovely, little beach for summers and sunsets. Ideal for a weekend getaway or a quiet retreat, this waterfront cabin combines rustic charm with nature’s beauty for the perfect escape. Come Feel the Magic!

Interior Features

Basement Finished Area (sqft) 0
Basement Features Exterior Entry, Unfinished
Appliances Included Washer/Dryer, Stove
Fireplace 1
Heating Type Baseboard, Electric, Wood
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter, Other

Exterior Features

Exterior Features Balcony
View Description Ocean
Roof Asphalt
Structures Residential Detached

Building Details

Price $699,000
Total Bedrooms 2
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 876
Year Built 1975
Age Of Building 51
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 1
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Community
Parking Type Other
Total Parking Spaces 2

Lot & Land

Lot Size 14810.4
Lot Size Depth Feet
Lot Size Frontage 68
MLS® # R3017930
Area Islands-Van. & Gulf
Neighbourhood Mayne Island
City Mayne Island
Postal Code V0N 2J2
Gross Taxes $3,139.04
Zoning SR

Property Timeline

Status Date Price
R3017930 / Active 06-19-2025 $699,000
R2833404 / Expired 11-20-2023 $895,000
Rooms
Floor Type Dimensions
Main Level Foyer 6'2 x 6'2 ft
Main Level Living Room 16'2 x 16'2 ft
Main Level Kitchen 8'2 x 8'2 ft
Main Level Primary Bedroom 11'9 x 11'9 ft
Main Level Bedroom 14'7 x 14'7 ft
Main Level Dining Room 11'5 x 11'5 ft
Below Laundry 29'8 x 29'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: RE/MAX Mayne-Pender & RE/MAX Mayne-Pender

NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Private Schools

Elementary
Salt Spring Centre School
12.03 km
Secondary
Brentwood College
26.68 km

Closest Transit

Bus Stop
Beaver Point Parking Lot
8.23 km
Skytrain
Skytrain @ Brighouse Stn
38.89 km

Crime Rate

Total Crime Rate
Low
Violent Crime Rate
Low
Property Crime Rate
Low

Demographics

Post-Secondary Education
Above Average
34.1%
No Certificate/Degree
Below Average
9.1%
Owner Occupied
Below Average
35.2%
Employment Rate
Below Average
23.4%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

74 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $1,048,919
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 38.89 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How MAYNE ISLAND compares
This property
385 DOM
Listed
Mayne Island avg
Mayne Island avg

177 Mariners Way has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is priced 50.1% below comparable active properties in Mayne Island, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 177 Mariners Way

Walkability & Transit Near 177 Mariners Way

Walk Score Badge
Car-Dependent 2

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
17

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 177 Mariners Way

/month
Principal & Interest
Property Taxes $262
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($139,800), the estimated monthly payment for this listing is $2,932/month — $2,670 principal & interest, $262 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $2,579/month, this property runs a $469/month shortfall after mortgage and carrying costs. Break-even requires approximately 35% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Mayne Island, Mayne Island

Beds Home Types Square Feet Lot Size Year Built
This Home $699,000
Mayne Island Loading...
Mayne Island Loading...

Based on 2 comparable active Single Family Residences in Mayne Island, the average asking price is $865,000. This listing is priced 19.2% below the neighbourhood average. This property is flagged as a Hot Deal (12.5% price reduction, 50.06% cheaper than comparables) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. 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

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 177 Mariners Way

Walk Score Badge
Car-Dependent 2

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
17

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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