Property Type: Detached HouseOwnership: Freehold

188 Ling Cod Lane

Mudge Island, BC A1A1A1

$1,085,000

2 bed2 bath4 parking1,340 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Style
Westcoast
Lot size
0.93 acres
Zoning
Unknown

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,504

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dryer, Freezer

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean
Lot features
Park setting, Private setting, Wooded area, Other, Marine Oriented, Moorage

Building

Parcel ID (PID)
003-130-410

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
BathroomThird level3-Piece
BedroomThird level15'1
KitchenThird level12'6 x 13'3
LoftSecond level19'3 x 15'11
EntranceMain level7'3 x 5'7
BathroomMain level4-Piece
Laundry roomMain level7'11
Primary BedroomMain level13'1
KitchenMain level11'2
Dining roomMain level5'10 x 12'9
Living roomMain level13'5 x 12'9

Listing Information

MLS®
1032498
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
September 1, 2026

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

Description

Set on the waterfront of Mudge Island off Vancouver Island in BC, this rare boat-access property offers an exceptional opportunity to own a private coastal retreat complete with a valuable foreshore lease and private dock—features that are increasingly difficult to find and add significant long-term value and convenience. Located just 25 minutes from Nanaimo and within easy reach of the Lower Mainland, the property combines peaceful island living with practical accessibility, while also benefiting from full services including electricity, cable, and internet—an uncommon advantage for island properties. Positioned near Dodd Narrows, the area is renowned for its abundant marine life, offering frequent sightings of whales and eagles along with excellent fishing, prawning, and crabbing. Set on just under one acre, the property features a well-maintained cabin with over 900 sq ft of thoughtfully designed living space, including a bright, open main level with vaulted ceilings, a cozy woodstove, and large windows that capture ocean views, as well as a spiral staircase leading to an inviting loft. A scenic deck with frameless glass railings provides the perfect place to take in the surroundings. Additional improvements include a large 600 sq ft garage/shop with lean-to, a detached self-contained guest suite above (approximately 400 sq ft) complete with kitchen, dining area, 3-piece bathroom, and bunk beds, plus a woodshed and dedicated storage/freezer room. The property is fully equipped with a drilled well, cistern, septic system, and a separate utility building housing the water system and additional storage. Within walking distance to Dodd Narrows and offering a rare blend of privacy, infrastructure, and ocean access, this unique island property is ideally suited for full-time living or as a weekend escape. All measurements are approximate and data should be verified if important. (id:63159)

Values & Trends

This listing

$810/sqft

Building average

No other active listings in this building

Mudge Island average

$632/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 SecondarySecondary4.4 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.4 km
Gabriola ElementaryElementary4.6 km
Cedar ElementaryElementary5.4 km
Chase River ElementaryElementary7.8 km
Fulford Community ElementaryElementary8.4 km
Cinnabar Valley ElementaryElementary8.7 km
Bayview ElementaryElementary9.2 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.

Nearby Places

Parks (2)

  • Dodd Narrows Community Park · 161 Ling Cod Lane212 m
  • Joan Point Park · 1080 Phoenix Way425 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($83,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$868,000.00
Periodic payment — Principal & Interest (monthly)$5,600.04
Additional monthly expenses (strata, tax, utilities, etc.)$275.67
Total monthly cost$5,875.71
Interest paid over 5-yr term$248,771.30
Balance at end of term$780,768.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$83,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,701.18

Cash Needed at Closing

Minimum down payment$83,500
Estimated BC PTT$19,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$104,700

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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