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$878,000

264 Forbes Dr

Thetis Island · MLS® 1049279

3 bed · 2 bath · 1,783 sq ft · 1 sq ft lot · 1 parking

House · Single Family · built 1972 · 25 days on market

Listed by Winnie Wu, Newport Realty Ltd.

Nestled on 1.02 private acres on Thetis Island, 264 Forbes Rd offers a sensational oceanfront sanctuary boasting 109 feet of low-bank sandstone shoreline and breathtaking, west-facing sunsets over Stuart Channel. Designed to showcase its spectacular natural surroundings, this unique octagon-style home features an open-concept living area with soaring ceilings and broad picture windows that capture panoramic water views from every angle. The main living space seamlessly transitions out to an expansive wraparound deck, creating the perfect setting for alfresco dining, whale watching, and relaxing in total privacy. Complete with easy beach access, sunny year-round exposure, and tranquil island charm just a short ferry ride from Chemainus or floatplane trip from Vancouver and Victoria, this remarkable retreat offers an unrepeatable West Coast lifestyle.

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,783 sq ft
Lot: 1 sq ft
Parking: 1
Year built: 1972
Property tax: $5,280 / yr
Days on market: 25
MLS®: 1049279

Below typical for the area (-9.2%)

2026 assessment: $936,000 · asking is -6.2%
Est. market value: $948,727houses on Vancouver Island sold at a median +1.4% vs assessment this past year (75 sales)
Price per sq ft: $492 vs $567 median for houses in Thetis Island for sale (9)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Private setting
Other
Marine Oriented
Moorage

On market 25 days · no price changes so far

$4,265/mo

Mortgage $3,825 · Tax $440

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,825/ monthly

loan $702,400

25-year amortization

down payment20% · $175,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 6, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $445,209
property transfer tax: $15,560; BC general rate
cash to close: $191,160; down + PTT
total paid: $1,147,609

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

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