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Investment signal

$1,495,000

300 Wood Dale Dr

Save this home

Beds

3

Baths

4

Sqft

Year

1983

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mayne Island. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

For more information, please click Brochure button. Priced below assessed value. Two titles, one price. This property, within walking distance to the ferry, is perfectly positioned between Victoria and Vancouver, offering easy access to both cities while maintaining the tranquility of island living. Nestled at the base of Mount Parke on Mayne Island, this exceptional property is made up of 2 ten acre parcels and offers a rare opportunity to realize your dream lifestyle. The driveway winds down through a forest, past a pond and opens up to reveal cleared pastures with a sunny southern exposure. Within a 3 acre fenced area is a tastefully renovated, 2400 sq ft, Tuscan-inspired 2 storey home. Each level is fully contained. There are 3 bedrooms and 3.5 bathroom in total and all bathrooms are ensuite. Upstairs the spacious living room leads out onto a deck with sunrise and sunset views. It also overlooks the old tennis court and vineyard. Here you can enjoy peaceful mornings under a canopy of grape vines while savoring the tranquility of rural life including watching the deer. The property includes an orchard with a variety of fruit and nut trees, chicken coops and a 100+ year old barn that could be demolished for salvaged materials. Two ponds, three springs, and two water licenses provide abundant natural resources. The ALR 10-acre parcels are currently each zoned for a house and guest cottage, offering endless possibilities. A 1500 sq ft workshop and two small storage units complete this versatile property, making it perfect for those seeking a hobby farm or a peaceful retreat. This is more than just a property - it's the foundation for building a legacy for generations to come. With its strategic location between cities, this property offers the perfect balance of rural tranquility and urban accessibility, making it an exceptional long-term investment opportunity. (id:65958)

Subtype
Single Family
Architectural style
Contemporary
Structure
House
Community
Mayne Island
Common interest
Freehold
Living area
2,220 square feet
Lot size
20.01 acres
Lot dimensions
20.01
Parking
7 total
Fireplace
1
On market
Feb 9, 2026
Status changed
Apr 26, 2026
Annual tax
$4,920
Zoning
Agricultural
Photos
53
MLS#
1025572
Area
MAYNE_ISLAND

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerFreezer

Heating

WoodOther

Cooling

None

Lot

AcreageLevel lotPark settingSouthern exposureWooded areaPartially clearedOther

View

Mountain viewValley view

Security

Fire alarm system
Negative cash flow ~$1,593/mo at these assumptions

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,151

Financing

Down payment$299,000
Loan amount$1,196,000
Mortgage$6,060/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$685
Insurance$80
Maintenance$1,246
CapEx reserve$623
Vacancy loss$374

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,060/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.

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