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$3,000,000

647 Dinner Bay Rd

Mayne Island · MLS® 1041173

3 bed · 3 bath · 1,723 sq ft · 3 sq ft lot · 10 parking

House · Single Family · built 2004 · 75 days on market

Listed by Brenda Dean, RE/MAX Mayne-Pender

Welcome to Dinner Point Waterfront Estates! Experience Ultimate Privacy and the most Spectacular Southern Ocean Views at this 1723 sqft 2 storey, 3 bed, 3 bath Beach House. Steps away from the water and one of the best views in the Southern Gulf Islands, this large family home is ready for new memories. Open plan living spaces, kitchen, and an office, and a 4 pc bathroom complete the main floor. Head upstairs and you will find 3 bedrooms with ocean views and 2 more bathrooms. A detached garage with another small bathroom and a 400+ sqft loft area. This property is owned by a corporation & offers the right to occupy lot 3, a 3.38 acre parcel. The 39 acre common property allows access to a dock & moorage and is unique throughout the Southern Gulf Islands in terms of privacy and untouched beauty.

Type: House, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,723 sq ft
Lot: 3 sq ft
Parking: 10
Year built: 2004
Property tax: $2,774 / yr
Strata fee: $7,350 / mo
Days on market: 75
MLS®: 1041173

The asking price is a long way from the assessment. That usually means the home has changed since the July 1 valuation date (a renovation, a new build, a subdivision), so we don't rate this one.

2026 assessment: $703,000 · asking is +327%
Est. market value: $712,559houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $1,741 vs $581 median for houses in Mayne Island for sale (14)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Private setting
Southern exposure
Other
Family Oriented
Pets Allowed With Restrictions
Washer

On market 75 days · no price changes so far

$20,652/mo

Mortgage $13,071 · Tax $231 · Strata $7,350

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$13,071/ monthly

loan $2,400,000

25-year amortization

down payment20% · $600,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 6, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,521,214
property transfer tax: $68,000; BC general rate
cash to close: $668,000; down + PTT
total paid: $3,921,214

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

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