Property Type: Detached HouseOwnership: Freehold

194 Sockeye Dr

Mudge Island, BC V9S1V1

$435,000

1 bed0 bath4 parking320 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
House
Lot size
20,908 square feet
Zoning
Unknown

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,435

Interior

Heating
Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
BedroomMain level6' x 8'
WorkshopOther10'0 x 8'0
Great roomMain level20'0 x 16'0

Listing Information

MLS®
1029770
Listed
March 25, 2026
Time on market
On the market for 159 days
Data last synced
August 28, 2026

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

Description

Dreams of owning a WATERFRONT cabin are possible! Start here on Mudge Island with this secluded & protected .48 acre treed property on Wine Jug Bay. This is a special location on a tidal bay (shared by only 5 properties) with approximately 100 ft. of water frontage, a safe haven for your boat. The cozy cabin faces the water & has running water (drilled well) feeding the cottage kitchen & outdoor shower. The 16x20 wood frame cabin is a simple great room plan with kitchen, fridge & gas stove, eating area with table & chairs, sleeping section with built in bunk beds & in the centre a relaxing space with sofa (converts to a bed).Two skylights allow natural light & heat is supplied by a Regency free-standing woodstove. The cabin has power & is wired to code with 100 amp subpanel, thermostat installed ready for electric heaters,not yet installed. There's a 4x4 outhouse as no septic system & a tool shed with 200 Amp Svc.Truly a unique waterfront property * property size from BC Assessment. (id:63159)

Values & Trends

This listing

$1,359/sqft

Building average

No other active listings in this building

Mudge Island average

$590/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.

Nearby Schools

SchoolTypeDistance
Gabriola ElementaryElementary5.0 km
Cedar SecondarySecondary5.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.2 km
Cedar ElementaryElementary5.9 km
Chase River ElementaryElementary8.6 km
Fulford Community ElementaryElementary9.2 km
Cinnabar Valley ElementaryElementary9.5 km
Bayview ElementaryElementary10.0 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$348,000.00
Periodic payment — Principal & Interest (monthly)$2,245.18
Additional monthly expenses (strata, tax, utilities, etc.)$135.58
Total monthly cost$2,380.76
Interest paid over 5-yr term$99,737.80
Balance at end of term$313,027.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,177.75

Cash Needed at Closing

Minimum down payment$21,750
Estimated BC PTT$6,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,950

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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