Property Type: Detached HouseOwnership: Freehold

243 Cape Mudge Rd

Quadra Island, BC V0P1N0

$3,895,000

6 bed4 bath100 parking4,280 sqftBuilt 1984
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Property Details

Property & Lot

Sub-type
House
Lot size
106.65 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,328

Interior

Heating
Electric, Wood, Hot Water
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view
Waterfront
Waterfront on ocean

Parking

Total spaces
100

Room Dimensions

RoomLevelDimensions
BedroomOther8'0 x 9'3
BathroomOther6'11 x 9'3
Living roomOther6'10 x 9'2
KitchenOther13'5 x 6'2
BathroomSecond level5'8 x 5'8
Primary BedroomSecond level21'0 x 17'0
BedroomMain level20'6 x 14'8
Laundry roomMain level8'8 x 8'0
BathroomMain level8'10 x 8'0
KitchenMain level14'0 x 8'4
Living roomMain level17'11 x 23'0
StorageLower level16'4 x 6'9
StorageLower level10'6 x 10'2
StorageLower level10'5 x 10'2
StorageLower level6'9 x 7'7
Primary BedroomSecond level17'1 x 29'6
Living roomMain level21'8 x 25'1
Laundry roomOther9'8 x 10'4
KitchenMain level10'5 x 16'0
Dining roomMain level10'10 x 9'10
BedroomMain level10'11 x 9'5
BedroomMain level10'11 x 9'3
BathroomOther10'1 x 21'1

Listing Information

MLS®
956387
Listed
March 25, 2024
Time on market
On the market for 889 days
Data last synced
August 28, 2026

Listing provided by: REMAX Ocean Pacific (CR) · Data source: CREA DDF.

Description

Discover Terra Nova Farms on Quadra Island, BC, spanning 106 acres with 2,400+ linear feet of high bank waterfront. This amazing property boasts of two homes and a caretaker's suite. Enjoy diverse agricultural ventures across acres of fertile land, including orchards with 800 apple trees, kiwi fruit, blueberry patches, plum, figs, and grape vines—too many to mention. Multiple greenhouses and irrigation systems ensure bountiful harvests while conserving water resources. With 76 acres in the Agriculture Land Reserve and 30 acres zoned RU-1 waterfront, Terra Nova Farms offers versatility for farming, residential, or recreational use. Experience Quadra Island's outdoor paradise, from whale watching to hiking, right at your doorstep. Four more houses plus one more secondary dwelling are allowed. Plus, a development opportunity, as a strata subdivision of three 5-acre waterfront lots, is near completion. Contact the listing agent for more details. shane@shanehedefine.com. Watch the Video:) (id:63159)

Values & Trends

This listing

$910/sqft

Building average

No other active listings in this building

Quadra Island average

$695/sqft

15 active listing(s)

Parking: 100 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: Campbell River

Shallow Fog

14°C

Shallow Fog

Humidity 100%

Wind NW 9 km/h

Tonight

13°

Tuesday

20°

Tuesday night

16°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Quadra ElementaryElementary5.7 km
Mer-et-montagneElementary/Middle5.8 km
Ècole Willow Point ElementaryElementary6.0 km
Pinecrest ElementaryElementary6.0 km
Elm AlternateElementary6.1 km
Cedar ElementaryElementary6.2 km
Sandowne ElementaryElementary6.4 km
Campbell River Christian School(Independent)K-126.4 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.

School district: Campbell River (SD72)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($779,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,116,000.00
Periodic payment — Principal & Interest (monthly)$20,103.37
Additional monthly expenses (strata, tax, utilities, etc.)$324.67
Total monthly cost$20,428.04
Interest paid over 5-yr term$893,054.56
Balance at end of term$2,802,852.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$779,000
Stress test qualifying rate8.09%
Payment you must qualify for$23,960.95

Cash Needed at Closing

Minimum down payment$779,000
Estimated BC PTT$112,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$893,250

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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