488 Letour Rd, Mayne Island BC - Land for Sale - MLS# R3113523

$225,000
Est. Mortgage $995/mo
0 sqft
10.0% price reduction
$225,000
$250,000
Est. $995/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

Photos

Property Details for 488 Letour Road

10.0% 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. 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 drilled well of 2 GPM was recently drilled. Near Dinner Bay Park, this property has a lot to offer.

Exterior Features

View Description Village Bay
Structures Land Only

Building Details

Price $225,000
Property Type Land
Ownership Type Freehold NonStrata
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

Lot & Land

Lot Size 20037.6
Lot Size Depth Feet
Lot Size Frontage 100
MLS® # R3113523
Area Islands-Van. & Gulf
Neighbourhood Mayne Island
City Mayne Island
Postal Code V0N 2J2
Gross Taxes $1,266.52
Zoning SR

Property Timeline

Status Date Price
R3113523 / Active 04-18-2026 $225,000
R2779651 / Expired 05-21-2023 $289,000

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.

Map & Neighbourhood

Private Schools

Elementary
Salt Spring Centre School
12.79 km
Secondary
Brentwood College
27.43 km

Closest Transit

Bus Stop
Beaver Point Parking Lot
8.88 km
Skytrain
Skytrain @ Brighouse Stn
38.27 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

57 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $229,005
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 38.27 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
82 DOM
Listed
Mayne Island avg
Mayne Island avg

488 Letour Road has a sell-speed score of 57/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 1.8% below comparable active properties in Mayne Island, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 488 Letour Road

Walkability & Transit Near 488 Letour Road

Walk Score Badge
Car-Dependent 9

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
20

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 488 Letour Road

/month
Principal & Interest
Property Taxes $106
Maintenance fee 0
A 20% down payment of $45,000 on this $225,000 listing yields an estimated mortgage of $859/month (30-year fixed, 4%). Total estimated housing cost: $965/month, $106 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
This listing has an estimated rental yield of $1,279/month, resulting in a +$258/month cashflow after mortgage and carrying costs — a strong investor profile.
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 $225,000
Mayne Island Loading...
Mayne Island Loading...

Based on 4 comparable active properties in Mayne Island, the average asking price is $406,650. This listing is priced 44.7% below the neighbourhood average. This property is flagged as a Hot Deal (10.0% 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

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 488 Letour Road

Walk Score Badge
Car-Dependent 9

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
20

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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