212 Cherry Tree Lane, Mayne Island, BC, MLS® R3006565

$599,000
Est. Mortgage /mo

$599,000
Est. Mortgage /mo
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
2 Beds
2 Baths
1 Stories
lot 50094 sqft
1013 sqft
1972 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

212 Cherry Tree Lane, Mayne Island, BC | MLS® R3006565 Property Details

Tucked away down a quiet cul de sac is a beautiful, flat, 1.15 acre property with a 1013 sq ft 2 bdrm, 2 bthrm fixer upper. A workshop, double car garage & a few storage buildings will be a help as you are renovating the space into your perfect island cabin. If you like gardening you will enjoy the south western exposure featuring flowering trees, shrubs and a fenced garden. If beachcombing or swimming is your passion, you are walking distance to beaches & Lighthouse Park. Community water, septic system & additional hydro hook up for a trailer are in place. So grab your tool belt & build your own piece of paradise! Come Feel the Magic!

General Info

Price $525,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1013
Lot Size 1.15
Lot Size Depth Feet
Lot Size Frontage 55.24
Basement Crawl Space
Basement Features BasementFeatures

Property Metrics

Year Built 1972
Age Of Building 53
Building Type Single Family Residence
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3006565
Area Islands-Van. & Gulf
Neighbourhood Mayne Island
City Mayne Island
Gross Taxes $2,290.01
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Community

Parking

Parking Type Garage Double, Open, Front Access, Gravel
Total Parking Spaces 6

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Strata Restrictions -
Rental Restrictions -
Zoning SR
Rental Suites -
# of Kitchens 1
Foundation Other
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Septic Tank
Roof Asphalt

Property History

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Status Date Price
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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.

Neighborhood Info

Private Schools

Elementary
Salt Spring Centre School
15.68 km
No Rating
Elementary, Secondary
Southpointe Academy
24.68 km
No Rating

Closest Transit

Saltspring Island
Long Harbour Rd at Scott Point Dr (WB)
11.59 km

Welcome to 212 Cherry Tree Lane, Mayne Island, BC, a stunning property listed as MLS® R3006565. As we step into this beautiful community, I'm excited to share with you the wonderful features that make this place so special.

Let's start with the education system. The closest elementary school to this property is the Salt Spring Centre School, located approximately 15.68 km away. While it's a bit of a drive, families love this area because of the excellent education opportunities available.

Moving on to secondary education, the Southpointe Academy is the closest option, situated about 24.68 km from this home. While it's a bit farther away, the school's rating is No Rating, and the school's commitment to providing a well-rounded education is truly impressive.

Now, let's talk about safety. According to the 2020 crime statistics from Statistics Canada, this neighborhood has a low crime rate of 4,191.37 incidents per 100,000 population. Compared to other Canadian cities, this is a remarkably low rate, giving you peace of mind as you explore this community. The year-over-year change in the total crime rate is a mere 0.51%, indicating a stable and secure environment.

When it comes to property crimes, the neighborhood surrounding 212 Cherry Tree Lane, Mayne Island, BC has a low rating of 1,594.77 incidents per 100,000 population. This is significantly lower than the national average, making it an attractive option for families and individuals seeking a safe and secure living environment.

In terms of demographics, 34.1% of the population in this neighborhood holds a university certificate or degree, which is high compared to other BC neighborhoods. Additionally, the median household income is $54,037, which is below average compared to the British Columbia average. However, the median personal income is $28,656, also below average. It's worth noting that 35.2% of households in this area have a mortgage, which is relatively low compared to other regions.

The unemployment rate in this area is 2.9%, which is low compared to other provinces. This suggests a strong and stable economy, making it an attractive option for those seeking a safe and secure living environment.

As we explore the community, you'll notice a mix of families and young professionals. The average family size is 2.3, which is relatively low compared to other regions. However, the percentage of married or living common law couples is 67.2%, which is high.

The average age of the population in this area is 56.7, which is high compared to other BC cities. This suggests a mature and established community with a strong sense of stability and security.

In terms of real estate, the average value of dwellings in this neighborhood is $517,411, which is above average compared to other areas in British Columbia. The average owner payments are low, with owners spending an average of $815 per month. Tenants, on the other hand, pay an average of $763 per month.

The population in this area is relatively small, with 14.3% being renters, which is below average compared to other BC cities and areas. However, the percentage of English and French speakers is 9.6%, which is above average. The percentage of English speakers only is 90.4%, which is average.

In terms of transportation, 79.3% of the population uses cars, which is below average. However, 2% of the population uses bicycles, which is above average. 7.8% of the population walks, also above average. 6.8% of the population uses public transportation, which is below average.

As we wrap up our tour of 212 Cherry Tree Lane, Mayne Island, BC, I hope you've gained a deeper understanding of this wonderful community. With its low crime rate, stable economy, and mature population, this area is an attractive option for those seeking a safe and secure living environment. If you're interested in learning more about this property or would like to schedule a viewing, please don't hesitate to contact me. I'm always happy to help.

MLS® R3006565, 212 Cherry Tree Lane, Mayne Island, BC

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $599,000
Mayne island No comparables
Mayne Island No comparables
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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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