108B1 494 Arbutus Dr, Mayne Island108B1 494 Arbutus Dr, Mayne Island — photo 2108B1 494 Arbutus Dr, Mayne Island — photo 3108B1 494 Arbutus Dr, Mayne Island — photo 4108B1 494 Arbutus Dr, Mayne Island — photo 5108B1 494 Arbutus Dr, Mayne Island — photo 6108B1 494 Arbutus Dr, Mayne Island — photo 7108B1 494 Arbutus Dr, Mayne Island — photo 8108B1 494 Arbutus Dr, Mayne Island — photo 9108B1 494 Arbutus Dr, Mayne Island — photo 10108B1 494 Arbutus Dr, Mayne Island — photo 11108B1 494 Arbutus Dr, Mayne Island — photo 12108B1 494 Arbutus Dr, Mayne Island — photo 13108B1 494 Arbutus Dr, Mayne Island — photo 14108B1 494 Arbutus Dr, Mayne Island — photo 15108B1 494 Arbutus Dr, Mayne Island — photo 16108B1 494 Arbutus Dr, Mayne Island — photo 17108B1 494 Arbutus Dr, Mayne Island — photo 18108B1 494 Arbutus Dr, Mayne Island — photo 19108B1 494 Arbutus Dr, Mayne Island — photo 20108B1 494 Arbutus Dr, Mayne Island — photo 21108B1 494 Arbutus Dr, Mayne Island — photo 22108B1 494 Arbutus Dr, Mayne Island — photo 23
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For Sale · Specialty

108B1 494 Arbutus Dr, Mayne Island

108B1 494 Arbutus Dr, Mayne Island, BC V0N2J1

$65,000 total

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Asset Class

Specialty

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

98%

Year Built

2014

About this property

Welcome to the most convenient way to own the perfect island retreat on the popular Mayne Island - a beautiful Gulf Island nestled between Vancouver Island and mainland BC. The breathtaking views from this one-bedroom waterfront unit, spacious floorplan, and large patio make it the perfect solution for those looking for a home away from home without the hassle of upkeep and repairs. Fractional ownership gives you six weeks a year to enjoy and relax on the island and includes access to the Spa which is equipped with a pool, hot tub, sauna, and gym. Enjoy all 6 weeks or place the unit in the convenient rental pool. The 617 sq/ft retreat has all the comforts of home and is well-appointed with modern furnishings and hardwood and tile throughout. A propane fireplace, in-suite laundry, and a well-equipped kitchen with modern appliances and a BBQ on your private patio make entertaining a breeze both indoors and out. GST is applicable. Come and see what Mayne Island has to offer!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$65K
Down payment30% · $20K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$300

Projected NOI

$5K

Annual cash flow

$2K

Cash-on-cash

7.82%

DSCR

1.42

Going-in cap

7.89%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

52,491

Households

21,297

Median income

$91,500

Median age

45.5

Daytime population

58,009

5-yr growth

6.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 108B1 494 Arbutus Dr, Mayne Island.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.