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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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581 Bayview Drive, Mayne Island
MLS®: R3159278
875
Sq.Ft.
1
Baths
2
Beds
16,117
Lot SqFt
1966
Built
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Description
Positioned along the shoreline of beautiful David’s Cove, this low bank waterfront property captures expansive sunrise views across one of Mayne Island’s warmest and most protected bays. The 875 sqft vintage cottage offers a simple and authentic coastal retreat with 2 bedrooms, 1 bathroom and a cozy wood stove, while the gently sloping 0.37-acre property provides approximately 200 feet of frontage with direct access to swimming, kayaking and quiet moorage. Rich in natural beauty and privacy, the property presents an exceptional opportunity to enjoy as-is, renovate over time, or create a new waterfront home immersed in the surrounding landscape.
Taxes (2026): $4,118.28
Amenities
Balcony
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