Property Type: Condo / ApartmentOwnership: Strata

556 Marine View

Cobble Hill, BC V0R1L1

$1,095,000

3 bed3 bath4 parking2,292 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
5,663 square feet
Zoning
Unknown

CD1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$499/mo
Annual property tax
$4,698

Interior

Heating
Heat Pump, Baseboard heaters, Electric, Natural gas, Other
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Lot features
Park setting, Private setting, Southern exposure, Sloping, Other, Gated community

Building

Parcel ID (PID)
011-065-621

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
BathroomMain level4-Piece
BedroomMain level13'9 x 10'4
EnsuiteMain level12'1 x 11'3
Laundry roomMain level7'3 x 5'10
Primary BedroomMain level12'10 x 21'7
KitchenMain level9'3 x 16'7
Dining roomMain level8'2 x 12'3
Living roomMain level10'10 x 18'4
Family roomMain level17'6 x 14'10
Mud roomLower level7'6 x 7'0
StorageLower level18'11 x 10'0
StorageLower level18'8 x 6'8
BathroomLower level3-Piece
EntranceLower level10'2 x 10'3
BedroomLower level11'6 x 22'9

Listing Information

MLS®
1038394
Listed
May 29, 2026
Time on market
On the market for 94 days
Data last synced
August 30, 2026

Listing provided by: Pemberton Holmes Ltd. (Cow Vall) · Data source: CREA DDF.

Description

Welcome to 556 Marine View in the sought-after seaside community of Arbutus Ridge. This beautifully maintained home offers a relaxed West Coast lifestyle with commanding 180-degree ocean views, a functional floor plan, and easy-care living in one of Vancouver Island’s premier 55+ gated communities. Enjoy access to an exceptional array of amenities, including indoor and outdoor tennis, a fitness centre, a seasonal pool and hot tub, walking trails, kayak racks and launch, woodworking and arts studios, games rooms, and over 40 clubs and activities. The vibrant Village Centre is the social heart of the community, fostering connection, recreation, and an active lifestyle. You’ll have access to a championship 18-hole golf course in your backyard with The Arbutus Ridge Golf Club as your neighbour. With 24/7 security, stunning natural surroundings, and convenient access to shopping, dining, marinas, ferries, airports, and healthcare, this is a wonderful opportunity to embrace the retirement lifestyle you've been dreaming of. (id:63159)

Values & Trends

This listing

$478/sqft

Building average

No other active listings in this building

Arbutus Ridge average

$533/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 ElementaryElementary3.5 km
Ecole Cobble Hill ElementaryElementary3.5 km
Frances Kelsey SecondarySecondary4.4 km
Evergreen Independent School(Independent)Elementary4.4 km
Brentwood College(Independent)Secondary4.8 km
Bench ElementaryElementary6.2 km
Deep Cove ElementaryElementary6.5 km
Shawnigan Lake(Independent)Secondary8.3 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 Lane250 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$876,000.00
Periodic payment — Principal & Interest (monthly)$5,651.65
Additional monthly expenses (strata, tax, utilities, etc.)$1,005.50
Total monthly cost$6,657.15
Interest paid over 5-yr term$251,064.12
Balance at end of term$787,964.83

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,770.39

Cash Needed at Closing

Minimum down payment$84,500
Estimated BC PTT$19,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$105,900

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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