Property Type: Condo / ApartmentOwnership: Strata

205 Marine Dr

Cobble Hill, BC V8H0K8

$1,965,000

3 bed3 bath4 parking2,953 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Lot size
7,897 square feet
Zoning
Residential

CD1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$499/mo
Annual property tax
$7,332.03

Interior

Heating
Heat Pump, Forced air, Natural gas, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

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.

Room Dimensions

RoomLevelDimensions
Eating areaMain level
BalconyMain level
Laundry roomMain level
PatioMain level
Utility roomLower level
SunroomLower level
DenLower level
BathroomLower level3-Piece
BedroomLower level
Family roomLower level
EnsuiteMain level3-Piece
BedroomMain level
EnsuiteMain level4-Piece
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1041879
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

Experience the rare combination of waterfront serenity and resort-style living in Arbutus Ridge, one of Vancouver Island’s most sought-after gated and guarded communities. Framed by breathtaking views across the water to Salt Spring Island, the Saanich Peninsula, and Mt. Baker, this beautifully renovated residence offers effortless one-level living with an exceptional blend of elegance, comfort, and West Coast charm. The sophisticated interior features a stunning gourmet kitchen with premium appliances, quartz surfaces, and designer backsplash, complemented by rich hardwood floors, custom window coverings, and a high-efficiency heat pump. Outside, professionally landscaped grounds with irrigation create a beautiful setting for relaxing and entertaining. Enjoy the lifestyle of Arbutus Ridge, adjacent to the golf course and offering tennis, swimming, dining, and scenic walking trails, all within a beautifully maintained community close to everyday conveniences. (id:63159)

Values & Trends

This listing

$665/sqft

Building average

No other active listings in this building

Arbutus Ridge average

$514/sqft

10 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

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

SchoolTypeDistance
George Bonner ElementaryElementary3.7 km
Ecole Cobble Hill ElementaryElementary3.8 km
Frances Kelsey SecondarySecondary4.5 km
Evergreen Independent School(Independent)Elementary4.7 km
Brentwood College(Independent)Secondary4.9 km
Deep Cove ElementaryElementary6.2 km
Bench ElementaryElementary6.4 km
Shawnigan Lake(Independent)Secondary8.6 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 Lane303 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($393,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,572,000.00
Periodic payment — Principal & Interest (monthly)$10,142.01
Additional monthly expenses (strata, tax, utilities, etc.)$1,258.00
Total monthly cost$11,400.01
Interest paid over 5-yr term$450,539.72
Balance at end of term$1,414,019.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$393,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,088.13

Cash Needed at Closing

Minimum down payment$393,000
Estimated BC PTT$37,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$431,800

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.

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