Property Type: Detached HouseOwnership: Freehold

557 Weathers Way

Mudge Island, BC V0R1X6

$398,000

3 bed1 bath3 parking734 sqftBuilt 2000
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Property Details

Property & Lot

Sub-type
House
Lot size
19,000 square feet
Zoning
Residential

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,158

Interior

Heating
Wood
Cooling / A/C
Window air conditioner
Fireplace
Yes (1)

Parking

Total spaces
3 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
OtherAuxiliary Building7'0 x 7'0
OtherAuxiliary Building7'0 x 10'0
Primary BedroomMain level8'0 x 11'5
BedroomMain level8'5 x 11'5
BedroomMain level5'6 x 8'4
BathroomMain level4'0 x 8'0
EntranceMain level11'5 x 21'6
Living room/Dining roomMain level11'5 x 21'6
KitchenMain level8'5 x 11'5
OtherMain level3'5 x 5'6

Listing Information

MLS®
1008539
Listed
July 25, 2025
Time on market
On the market for 402 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

Beautiful Cedar Panabode Log cabin with 14ft Aluminum boat. ADDRESS 557 Weathers Way, Mudge Island BC, CABIN SIZE 744 square feet PROPERTY: Just under 1/2 an acre. Nestled amongst Cedar, fir & Arbutus trees, this cabin is the perfect retreat or home. Across from the ocean & on a dead-end road. Large windows allow you to enjoy views of the ocean & birds. Two ocean access points across the road are great places to explore the tidal pools, see Orca, humpback whales, otters, seals & sea lions or marvel at the sunset over the ocean. KITCHEN: Newly updated with a skylight & large window facing the ocean. Appliances include an LG flat top stainless steel range with a convection oven, a red retro style Galanz refrigerator & new, dedicated under-the-sink, hot water heater. BEDROOMS (3): 2 regular sized - one with a view of the ocean & the other with views of the forest & night sky. 1 smaller bedroom currently has bunkbeds, but could converted into a master ensuite. GREAT ROOM: Dinning & living room with vaulted ceilings, 2 large picture windows & skylight. WATER: Rainwater collection system with 3 cisterns, a jet pump, filtration & UV light. WASHROOM On-demand propane hot water, LG washer & dryer, & Swedish Separette composting toilet. SEPTIC: If you wish to upgrade to a septic field, we have an engineer's plan (estimated cost $35K.) & permit in place. HEATING - Brand new electric baseboard heaters (installed in 2026) - Woodstove: 3 yrs old & Wett certified. ELECTRICAL: 100 amp service. 2026 electrical work throughout the cabin including baseboard heaters, hardwired smoke detectors, lights & sockets. ROOF: Metal. FLOORING: Wood and tile. INTERNET: Telus high-speed fibre optic. OUT BUILDINGS: Woodshed/Toolshed & Studio with high-speed internet & hid-a-bed. TRANSPORT FOR VIEWING: Available by appointment with vendor. (id:63159)

Values & Trends

This listing

$542/sqft

Building average

No other active listings in this building

Mudge Island average

$653/sqft

13 active listing(s)

Parking: 3 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 ElementaryElementary5.6 km
Cedar SecondarySecondary5.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.9 km
Cedar ElementaryElementary6.2 km
Chase River ElementaryElementary9.4 km
Fulford Community ElementaryElementary10.0 km
Cinnabar Valley ElementaryElementary10.1 km
North Oyster ElementaryElementary10.7 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

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$318,400.00
Periodic payment — Principal & Interest (monthly)$2,054.21
Additional monthly expenses (strata, tax, utilities, etc.)$133.50
Total monthly cost$2,187.71
Interest paid over 5-yr term$91,254.36
Balance at end of term$286,401.83

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,900
Stress test qualifying rate8.09%
Payment you must qualify for$2,907.46

Cash Needed at Closing

Minimum down payment$19,900
Estimated BC PTT$5,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,360

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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