Property Type: Detached HouseOwnership: Freehold

231 Halibut Hill Rd

Mudge Island, BC V0R1X6

$699,000

2 bed2 bath4 parking1,069 sqftBuilt 1998
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Property Details

Property & Lot

Sub-type
House
Lot size
0.69 acres
Zoning
Rural residential

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,059.12

Interior

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

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
OtherMain level4'6 x 14'0
StudioMain level14'6 x 30'10
EnsuiteSecond level4'6 x 5'0
Primary BedroomSecond level8'10 x 10'2
OtherSecond level4'2 x 7'6
LoftSecond level7'8 x 11'4
WorkshopMain level11'0 x 17'0
EntranceMain level5'0 x 7'8
StorageMain level7'3 x 7'6
BedroomMain level13'1 x 15'6
BathroomMain level8'9 x 10'4
KitchenMain level8'10 x 12'6
Living roomMain level18'1 x 20'7

Listing Information

MLS®
1046812
Listed
August 13, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

Listing provided by: Real Broker · Data source: CREA DDF.

Description

Accessible by a short boat ride, this remarkable Mudge Island property offers a rare balance of seclusion and connection. Surrounded by a welcoming community of approximately 100 residents, the island is known for its peaceful atmosphere, and strong sense of neighbourhood, while remaining just minutes from Gabriola Island and within easy reach of Nanaimo’s full range of amenities. Moorage membership available for purchase at Moonshine Cove Yacht Club. Set on a private, forested .69-acre parcel overlooking Dodd Narrows, the home is elevated roughly 80 feet above the water and designed to take full advantage of its coastal setting. From both inside and out, enjoy dynamic ocean views with frequent sightings of whales, sea lions, and eagles. Waterfront access makes it easy to launch a kayak and explore the shoreline. The 1,256 sq. ft. home features 2 bedrooms and 2 bathrooms, including an ensuite and full four piece bath. A loft and landing provide versatile space for guests, remote work, or creative use, while a partially finished addition offers flexibility for future expansion such as a studio, sunroom, or guest suite. Reclaimed hardwood flooring, vaulted ceilings, and custom wood finishes lend warmth and character throughout. There is even a pottery kiln in the adjacent building for a new hobby! Outdoor living is a highlight, with a spacious deck enjoying all day sun and ever changing water views. The property is well equipped with modern infrastructure, including power, high-speed internet, cable TV, a 2,500 gallon cistern, the option of rainwater collection or well water, UV water filtration, septic system, baseboard heating, and a wood burning stove for cozy winter evenings. Ideal as a full time residence, remote work retreat, or coastal escape, this property offers a unique opportunity to experience the best of West Coast island living. '98 Honda CRV can be included in purchase. Please verify all information if important. Measurements from BC Assessment. (id:63159)

Values & Trends

This listing

$654/sqft

Building average

No other active listings in this building

Mudge Island average

$644/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 SecondarySecondary4.3 km
Qwam Qwum Stuwixwulh Community SchoolElementary4.4 km
Gabriola ElementaryElementary4.9 km
Cedar ElementaryElementary5.2 km
Chase River ElementaryElementary7.9 km
Fulford Community ElementaryElementary8.6 km
Cinnabar Valley ElementaryElementary8.7 km
Bayview ElementaryElementary9.4 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 Lane282 m
  • Joan Point Park · 1080 Phoenix Way509 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$224.59
Total monthly cost$3,832.36
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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