197 Marine Dr
Cobble Hill, BC V0R1L1
$699,900
Property Details
Property & Lot
- Lot size
- 6,695 square feet
- Zoning
- Residential
CD-1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Strata
- Strata / maintenance fee
- $499/mo
- Annual property tax
- $2,717.23
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Restrictions & Policies
- Pets
- Allowed
- Age / occupancy
- Age restriction applies
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- 1034713
- Listed
- May 8, 2026
- Time on market
- On the market for 115 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Island Properties (DU) · Data source: CREA DDF.
Description
The final oceanfront view lot in the Arbutus Ridge. This is a truly vanishing opportunity to secure the last remaining building lot within the award-winning Arbutus Ridge 55+ gated community in Cobble Hill, BC. Set along Marine Drive, this rare high-bank waterfront property captures spectacular views across the Salish Sea’s Satellite Channel to Salt Spring Island and the Saanich Inlet and Peninsula. This is an extraordinary setting to build your dream home. The property includes building plans for a 2129 sq. ft. street level main floor with a 2117 sq. ft a finished walk-out basement and a 3 car garage; all thoughtfully designed in collaboration with a respected local builder. The plans embrace the natural slope of the land to maximize views while creating a layout that blends everyday comfort with ideal guest separation. Beyond the lot itself, Arbutus Ridge is renowned for its exceptional lifestyle and amenities. There is an 18-hole golf course and club, indoor tennis courts and the popular Satellite Bar and Grill. The community includes 24-hour gated security, a village center with a seasonal swimming pool, outdoor tennis courts, fitness facilities, woodworking shop, library, games room, art room and other meeting rooms. There are over 40 clubs that enable you to connect, create, perform, play, learn and pursue fitness. This seaside community boasts a marine area that includes ocean side paths, a boat launch, storage for kayaks, boats and recreational vehicles, all providing a rare chance to pair breathtaking ocean views with an unmatched community lifestyle. (id:63159)
Location Insights
Weather
Nearest station: Duncan
14°C
—
Humidity 86%
Wind NNW calm km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| George Bonner Elementary | Elementary | 3.7 km |
| Ecole Cobble Hill Elementary | Elementary | 3.9 km |
| Frances Kelsey Secondary | Secondary | 4.6 km |
| Evergreen Independent School(Independent) | Elementary | 4.8 km |
| Brentwood College(Independent) | Secondary | 4.9 km |
| Deep Cove Elementary | Elementary | 6.1 km |
| Bench Elementary | Elementary | 6.5 km |
| Shawnigan Lake(Independent) | Secondary | 8.6 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Cafes (1)
- Ridgetop Cafe · 3636 Highcourt Lane336 m
Nearby places data: © OpenStreetMap contributors.
School district: Cowichan (SD79)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.