Property Type: Detached HouseOwnership: Freehold

89 Pilkey Point Rd

Thetis Island, BC V0R2Y0

$1,199,000

6 bed5 bath6 parking4,143 sqftBuilt 1976
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Property Details

Property & Lot

Sub-type
House
Lot size
3.24 acres
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,165

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
BathroomOther8'4 x 4'6
WorkshopOther19'9 x 20'2
SaunaOther9'10 x 18'5
BedroomAuxiliary Building19'4 x 14'0
BathroomAuxiliary Building7'4 x 4'9
KitchenAuxiliary Building19'9 x 15'6
BathroomLower level4'11 x 14'3
Family roomLower level27'10 x 13'11
KitchenLower level8'6 x 10'2
BedroomLower level9'6 x 10'2
BedroomLower level19'1 x 10'2
BedroomLower level16'10 x 10'2
EnsuiteSecond level8'9 x 4'5
BedroomAdditional Accommodation12'3 x 13'9
Primary BedroomSecond level12'3 x 13'9
BathroomMain level2'7 x 6'2
EntranceMain level19'8 x 8'1
MediaMain level12'3 x 13'9
Laundry roomMain level6'9 x 12'10
KitchenMain level17'5 x 14'3
Dining nookMain level7'1 x 14'3
Dining roomMain level9'9 x 14'3
Family roomMain level29'2 x 20'11

Listing Information

MLS®
1025755
Listed
February 17, 2026
Time on market
On the market for 195 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Dunc) · Data source: CREA DDF.

Description

Sunny waterfront 3.24 acres southerly facing with large 5 bdr home, guest cottage, detached workshop & barn, oceanside sauna building & over 1,000 sq ft of deck & patio area for outdoor living. Master suite with add'l bdr upstairs, main level all living area and downstairs 3 bdrs + potential 2nd kitchen and large rec/family room, all opening up to lots of room outdoors. RV & Boat parking. This home is perfect for a large family or group looking to enjoy the best of an island getaway or full time island living. Telus fiber optic internet available to make working from home a breeze. Detached guest cottage has a small kitchen/living area and loft upstairs. Workshop with beside covered double carport. Small barn/storage under. Easy walking distance to coffee shop, marinas, pub, swimming beaches, the ferry terminal to Chemainus (10 sailings daily for $ 21.75 car & driver return with Experience card). No Vacancy or Speculation tax here. (id:63159)

Values & Trends

This listing

$289/sqft

Building average

No other active listings in this building

Thetis Island average

$566/sqft

4 active listing(s)

Parking: 6 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 ElementaryElementary2.7 km
Chemainus SecondaryK-128.0 km
Chemainus Elementary Community SchoolElementary8.2 km
Stz'uminus Senior Secondary(Independent)Secondary8.3 km
Ladysmith PrimaryElementary12.0 km
Ladysmith IntermediateElementary12.1 km
Ladysmith SecondarySecondary12.3 km
Fernwood ElementaryElementary12.4 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)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$959,200.00
Periodic payment — Principal & Interest (monthly)$6,188.43
Additional monthly expenses (strata, tax, utilities, etc.)$720.75
Total monthly cost$6,909.18
Interest paid over 5-yr term$274,909.48
Balance at end of term$862,803.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,490.14

Cash Needed at Closing

Minimum down payment$94,900
Estimated BC PTT$21,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,380

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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