Property Type: Land / LotOwnership: Freehold

106 Halibut Hill Rd

Mudge Island, BC V0R1X6

$299,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
1.27 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,008

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

Listing Information

MLS®
1028943
Listed
March 16, 2026
Time on market
On the market for 168 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

Discover an exceptional waterfront lot with breathtaking ocean views on picturesque Mudge Island. This rare opportunity offers a spacious, high-bank property complete with private beach access, making it the perfect setting to build your dream home or a peaceful cottage retreat. Enjoy the beauty of the Gulf Islands with sweeping vistas and abundant southern exposure that fills the property with sunlight. Mudge Island captures the tranquility and charm of the smaller Gulf Islands while still providing modern conveniences like electricity, cable, and high-speed internet. Although the island is accessible only by water, it is just a short kayak or water taxi ride across a narrow channel from Vancouver Island, offering both seclusion and convenience. With spectacular oceanfront views, southwest exposure, this property is a truly special find. (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

13°C

Partly Cloudy

Humidity 88%

Wind WSW 2 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
Cedar SecondarySecondary5.0 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.2 km
Gabriola ElementaryElementary5.4 km
Cedar ElementaryElementary5.6 km
Chase River ElementaryElementary8.7 km
Fulford Community ElementaryElementary9.3 km
Cinnabar Valley ElementaryElementary9.4 km
Bayview ElementaryElementary10.2 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: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (strata, tax, utilities, etc.)$84.00
Total monthly cost$1,627.24
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,184.25

Cash Needed at Closing

Minimum down payment$14,950
Estimated BC PTT$3,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,430

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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