Property Type: Land / LotOwnership: Freehold

374 Halibut Hill Rd

Mudge Island, BC V0V0V0

$178,000

0 bed1 bath6 parkingBuilt 1994
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Property Details

Property & Lot

Lot size
1.14 acres
Zoning
Unknown

RR

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$676.08

Interior

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

Parking

Total spaces
6 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
BathroomMain level
Great roomMain level

Listing Information

MLS®
1043690
Listed
July 20, 2026
Time on market
On the market for 42 days
Data last synced
August 28, 2026

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

Description

Quiet & treed 1.14 Acre retreat on Mudge Island. Rustic 18 x 18 shed partly finished inside as a cozy cabin, great room style with a woodstove for heat. Small sleeping area & main great room with sofa, furnishings included. Public well nearby for fresh water. No septic system but a bathroom with pedistal sink, shower and toilet installed. Toillet flushes directly into a holding tank. Small kitchen with a propane stove, no fridge. There is no electrical power connected to this cabin. Power is available on the Island through BC Hydro. There is a small solar panel and a 1500 amp generator. This is a cute place to stay while you build your dream cottage. Mudge Island is a boat access only Island with no ferry service, close to Gabriola Island and Nanaimo. Be close to nature and wildlife and enjoy sandy island beaches. Power and high speed internet is available on the island. (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.

Nearby Schools

SchoolTypeDistance
Cedar SecondarySecondary4.8 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.0 km
Gabriola ElementaryElementary5.3 km
Cedar ElementaryElementary5.5 km
Chase River ElementaryElementary8.5 km
Fulford Community ElementaryElementary9.1 km
Cinnabar Valley ElementaryElementary9.2 km
Bayview ElementaryElementary9.9 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$142,400.00
Periodic payment — Principal & Interest (monthly)$918.72
Additional monthly expenses (strata, tax, utilities, etc.)$56.34
Total monthly cost$975.06
Interest paid over 5-yr term$40,812.25
Balance at end of term$128,089.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,900
Stress test qualifying rate8.09%
Payment you must qualify for$1,300.32

Cash Needed at Closing

Minimum down payment$8,900
Estimated BC PTT$1,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,180

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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