Property Type: Detached HouseOwnership: Freehold

1022 Sea Fern Lane

Mudge Island, BC V0V0V0

$788,000

3 bed2 bath4 parking1,584 sqftBuilt 1997
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Property Details

Property & Lot

Sub-type
House
Lot size
0.74 acres
Zoning
Unknown

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,119

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — covered indicated
Features
Carport

Room Dimensions

RoomLevelDimensions
BathroomAuxiliary Building3-Piece
BedroomAuxiliary Building
Laundry roomMain level
BathroomMain level4-Piece
Primary BedroomSecond level
BedroomMain level
Dining roomMain level
KitchenMain level
Living roomMain level

Listing Information

MLS®
1036113
Listed
May 8, 2026
Time on market
On the market for 115 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Let the seabreeze & sounds of waves lapping on the shore be yours to enjoy from your own .74 acre waterfront home this summer. This private ocean front oasis is on Mudge Island, a small boat-only access island nestled between Gabriola Island and Cedar by the Sea. Enjoy this 2 bedroom 1190 sq ft home year round & welcome summer guests to their own private 16x24 bunkie. Your home has vaulted ceilings & towering windows, fully equipped open kitchen, spacious dining & a great room with freestanding Pacific Energy woodstove. There's a carpeted bedroom with bunkbeds, full 4 pc bathroom with tub & a laundry area with wash basin. Upstairs you'll discover the loft-style master bedroom with vaulted ceilings & views out over the waterfront. Sliding glass doors open from the living are onto 690 sq ft of deck facing the water. The old workshop is a perfect guest quarters with open bedroom, 3 pc bath with shower & small counter area with sink & fridge. Cedar siding, metal roof, well & septic. (id:63159)

Values & Trends

This listing

$497/sqft

Building average

No other active listings in this building

Mudge Island average

$656/sqft

13 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: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 87%

Wind SW 3 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
Cedar ElementaryElementary7.0 km
Cedar SecondarySecondary7.0 km
Gabriola ElementaryElementary7.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary7.4 km
North Oyster ElementaryElementary10.6 km
Chase River ElementaryElementary11.0 km
Cinnabar Valley ElementaryElementary11.6 km
Fulford Community ElementaryElementary11.7 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

Parks (3)

  • Sea Fern Lane Community Park · 1103 Sea Fern Lane460 m
  • South Road Community Park · 2061 South Road740 m
  • Link Islet Recreation Site787 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($53,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$630,400.00
Periodic payment — Principal & Interest (monthly)$4,067.13
Additional monthly expenses (strata, tax, utilities, etc.)$255.58
Total monthly cost$4,322.71
Interest paid over 5-yr term$180,674.45
Balance at end of term$567,046.84

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$53,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,645.74

Cash Needed at Closing

Minimum down payment$53,800
Estimated BC PTT$13,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$69,060

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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