Property Type: Detached HouseOwnership: Freehold

234 Plateau Rd

Thetis Island, BC V0R2Y0

$549,000

2 bed1 bath10 parking652 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Lot size
1.11 acres
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,839.15

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
Living roomMain level
KitchenMain level
BedroomMain level
BedroomMain level
BathroomMain level

Listing Information

MLS®
1047437
Listed
August 20, 2026
Time on market
On the market for 11 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group West Coast Realty · Data source: CREA DDF.

Description

Escape to nature, peace and quiet on beautiful Thetis Island, B.C. This affordable 1.11-acre Gulf Island retreat offers a solid and comfortable 650 sq. ft. cottage, renovated in 2013, with a new septic system installed in 2012. Located off Pilkey Point Road on the east side of the island, the property is just 10 minutes from the ferry terminal and close to beach access and walking trails. Inside, the large living room features vaulted ceilings and skylights, creating a warm and inviting space. The kitchen, two bedrooms and three-piece bathroom provide everything needed for an easy island getaway. Lots of windows fill the home with natural light and showcase the beautiful surrounding nature. Telegraph Harbour offers two full-service marinas, while float plane service connects the Lower Mainland. With a quick 30-minute ferry ride from Chemainus and easy access from Victoria and Nanaimo, this is a fabulous opportunity to own an affordable retreat in a peaceful Gulf Island setting. (id:63159)

Values & Trends

This listing

$842/sqft

Building average

No other active listings in this building

Thetis Island average

$428/sqft

4 active listing(s)

Parking: 10 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.

Nearby Schools

SchoolTypeDistance
Thetis Island ElementaryElementary1.7 km
Stz'uminus Senior Secondary(Independent)Secondary7.2 km
Chemainus Elementary Community SchoolElementary10.2 km
Chemainus SecondaryK-1210.2 km
Ladysmith IntermediateElementary10.8 km
Ladysmith PrimaryElementary10.9 km
Ladysmith SecondarySecondary11.2 km
North Oyster ElementaryElementary12.5 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.

School district: Cowichan (SD79)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($29,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$439,200.00
Periodic payment — Principal & Interest (monthly)$2,833.57
Additional monthly expenses (strata, tax, utilities, etc.)$269.60
Total monthly cost$3,103.17
Interest paid over 5-yr term$125,875.98
Balance at end of term$395,061.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$29,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,991.70

Cash Needed at Closing

Minimum down payment$29,900
Estimated BC PTT$8,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,380

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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