5.4% price reduction

488 Letour Rd, Mayne Island, BC

$265,000
Est. Mortgage /mo

MLS® R3039299

0 sqft
$265,000
$280,000
Est. /mo with 20% down
Tax $1,267/2025
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

Property Details & Specs

5.4% price reduction

The 0.46 acre property is located where Village Bay Road ends and Letour Rd begins. The building lot is just a few steps away from the BC Ferry terminal and adjacent beach access. Ocean view of Village Bay from the lower part of the property. A stately Arbutus tree frames the entrance over the driveway. Fir, cedar, arbutus, maple trees and ferns dominate the landscape. The property rises in elevation towards the back where a large acreage borders the lot. A hydro pole is located near the north side on Village Bay Rd. The lot has been surveyed, gravel driveway and a water well of 2 GPM was recently drilled. Near Dinner Bay Park and trail leading to Miners Bay; this property has a lot to offer.

General Info

Price $265,000
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 20037.6
Lot Size Depth Feet
Lot Size Frontage 100
Basement Features -

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Building Features -
Structures Land Only

Additional Details

MLS® # R3039299
Building Name -
Area Islands-Van. & Gulf
Neighbourhood Mayne Island
City Mayne Island
Postal Code V0N 2J2
Price per Sqft -
Gross Taxes $1,266.52
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity Nearby, Natural Gas Not Available, Phone Nearby, Cable Not Available
Water (WaterSource) Well Drilled

Parking

Total Parking Spaces -
Listed by: Gulfport Realty

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.

Neighborhood & Transit Info

Private Schools

Elementary
Salt Spring Centre School
12.75 km
Secondary
Brentwood College
27.4 km

Closest Transit

Bus Stop
Beaver Point Parking Lot
8.86 km
Skytrain
Skytrain @ Brighouse Stn
38.29 km

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $106
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $1,118/month in total housing costs on this $265,000 property — $1,012 mortgage payment, $106 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Estimated rental income of $1,586/month exceeds carrying costs by $402/month, making this an income-positive property at 20% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $265,000
Mayne Island Loading...
Mayne Island Loading...
Among 4 similar active listings in Mayne Island, the average price is $436,333. At $265,000, this listing is priced 39.3% below the local average and 39.3% below the city-wide benchmark. This property is flagged as a Hot Deal (5.4% price reduction) 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

Property FAQs

What are the closest top-rated schools to 488 Letour Road, Mayne Island, BC?

Is 488 Letour Road, Mayne Island, BC in a flood zone?

What is the estimated monthly mortgage and strata fee for 488 Letour Road, Mayne Island, BC?

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

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