- Active
221 Marine Drive
Cobble Hill · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 2,757
- Built
- 2011
Listed by Sotheby's International Realty Canada · MLS® 1039508
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Sign inAbout this home
Foreign Buyer Ban and Foreign Buyer Tax EXEMPT!!! Welcome to an exceptional custom-built seaside residence in the prestigious 55+ gated community of Arbutus Ridge. Thoughtfully designed for effortless aging in place, this stunning 2,640 sq.ft. 3 bed/3 bath home offers comfortable main-level living while providing generous space for family and guests on the lower level. Perfectly positioned on coveted Marine Drive, one of the community's rare waterfront locations, the home enjoys breathtaking, unobstructed 180-degree ocean views. Expansive entertainment-sized decks on both levels invite year-round enjoyment, including a spectacular upper deck complete with an automatic awning. The main floor showcases an outstanding chef's kitchen with premium appliances, rich oak flooring, soaring ceilings, extensive Pella windows and doors, integrated Sonos audio, custom window coverings, sophisticated lighting zones with dedicated art lighting, and a hidden TV lift system for seamless living and entertaining. The luxurious primary suite features a spa-inspired ensuite with heated floors, a spacious dressing room, and conveniently integrated laundry. A beautiful office with double French doors opening to a sunny west-facing courtyard offers flexibility as a second main-floor bedroom. The walk-out lower level is ideal for guests, featuring a large family room, two bedrooms, a full bath with heated floors, rough-ins for a second laundry, and a stunning glass sunroom with fully opening doors that blur the line between indoor and outdoor living. Additional highlights include extra-wide doorways, a double garage, heat pump, two gas fireplaces, and exceptional attention to detail throughout. This is a rare opportunity to enjoy elegant waterfront living, spectacular views, and a thoughtfully designed home that combines luxury, comfort, and ease of living.
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 2,757 sq ft
- Lot size
- 6,045 sq ft
- Year built
- 2011
- Parking
- 2
- Property type
- Single Family
- Garage
- Yes
- Fireplaces
- 2
- Area
- Cobble Hill
- Listed
- June 6, 2026
- Structure
- House
- PID
- 017-559-553
- Common interest
- Condo/Strata
Highlights
- Ocean view
- Waterfront
- Double garage
- High ceilings
Features and inclusions
- Heating
- Heat Pump
- Cooling
- Fully air conditioned
- Parking
- Garage
- Community
- Pets Allowed With Restrictions, 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
- $11,612
- Property tax
- $717/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $12,479
Purchase snapshot
- List price
- $2,450,000
- Down payment
- $490,000 (20%)
- Estimated mortgage
- $1,960,000
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
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