Property Type: Land / LotOwnership: Freehold

136 COHO Dr

Mudge Island, BC V0R1X6

$110,000

0 bed0 bath3 parking
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Property Details

Property & Lot

Lot size
0.87 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$505

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
3

Listing Information

MLS®
1022236
Listed
January 3, 2026
Time on market
On the market for 240 days
Data last synced
August 28, 2026

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

Description

Beautiful Ocean View, treed building lot .87 of an acre on Mudge Island with a gently sloped, wonderful sunny exposure, covered in beautiful mature forest, Gorgeous rock structures, with 9-10 months of fantastic weather yearly. The neighbouring property is so far back to the left that it's not visible, and very little across the road in any direction. This lot is great and ready for you to build your dream home, with a drilled well, no septic system. Mudge Island can only be accessed by private boat, 15 minutes from Nanaimo or 5 minutes crossing from Gabriola Island green wharf or EL Verano. The Island is serviced with hydro and high-speed internet. It is paradise at its best: Small with a hidden gem. Owner financing available with 25% down, 10-year term with 7% interest. Lot size from BC assessment, verify if deemed important, (id:63159)

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 SecondarySecondary4.6 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.7 km
Gabriola ElementaryElementary4.8 km
Cedar ElementaryElementary5.5 km
Chase River ElementaryElementary8.1 km
Fulford Community ElementaryElementary8.7 km
Cinnabar Valley ElementaryElementary8.9 km
Bayview ElementaryElementary9.5 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 (2)

  • Dodd Narrows Community Park · 161 Ling Cod Lane415 m
  • Joan Point Park · 1080 Phoenix Way669 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$88,000.00
Periodic payment — Principal & Interest (monthly)$567.75
Additional monthly expenses (strata, tax, utilities, etc.)$42.08
Total monthly cost$609.83
Interest paid over 5-yr term$25,221.05
Balance at end of term$79,156.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$5,500
Stress test qualifying rate8.09%
Payment you must qualify for$803.57

Cash Needed at Closing

Minimum down payment$5,500
Estimated BC PTT$1,100
Legal / closing costs (typical estimate)$1,500
Total cash needed$8,100

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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