- Active
205 Marine Drive
Cobble Hill · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 3,043
- Built
- 1992
Listed by The Agency · MLS® 1041879
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Sign inAbout this home
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.
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 3,043 sq ft
- Lot size
- 7,897 sq ft
- Year built
- 1992
- Parking
- 4
- Property type
- Single Family
- Garage
- Yes
- Fireplace
- 1
- Area
- Cobble Hill
- Style
- Other
- Listed
- July 9, 2026
- Structure
- House
- PID
- 017-559-502
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Mountain view
- Waterfront
- Golf course
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave, Freezer, Oven - Built-In
- Heating
- Heat Pump, Forced air, Natural gas, Other
- Cooling
- Air Conditioned
- Parking
- Attached Garage, Garage, RV, Street, Electric Vehicle Charging Station(s)
- Lot
- Park setting, Sloping, Other, Marine Oriented, Gated community
- Community
- Pets Allowed, Age Restrictions
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $8,527
- Property tax
- $525/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $9,202
Purchase snapshot
- List price
- $1,799,000
- Down payment
- $359,800 (20%)
- Estimated mortgage
- $1,439,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 88%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
