Property Type: Detached HouseOwnership: Freehold

674 Weathers Way

Mudge Island, BC V0V0V0

$518,988

1 bed1 bath6 parking768 sqftBuilt 2010
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Property Details

Property & Lot

Sub-type
House
Lot size
0.5 acres
Zoning
Residential

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,239.11

Interior

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

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
6 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
KitchenMain level
BathroomSecond level2-Piece
BedroomSecond level
Great roomMain level

Listing Information

MLS®
957991
Listed
April 2, 2024
Time on market
On the market for 881 days
Data last synced
August 28, 2026

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

Description

Stunning Walk-On WATERFRONT with a park-like setting featuring a well built Cottage on beautiful Mudge Island. This Lovely & sunny half acre property boasts manicured lawns which gently slope down to the waters edge on False Narrows. The cabin is cozy & inviting with a covered front porch & Double French doors which open into the spacious great room incorporating kitchen, dining & living rooms. The cottage sits on a poured concrete foundation & is (2x6) built of cedar board n' baton finished with cedar shingle siding & copper flashing. A wett certified Osburn woodstove heats the home with electric convection heater backup. A spiral staircase takes you up to the second level featuring a country style bedroom/loft with dormer windows &beautifully finished natural pine walls & ceilings. A clawfoot bathtub forms the beginning of an ensuite. 200amp service & underground wiring from pump house to cottage, attached 8x16 storage with concrete floor, wood shed & outhouse. A must see! (id:63159)

Values & Trends

This listing

$676/sqft

Building average

No other active listings in this building

Mudge Island average

$642/sqft

13 active listing(s)

Parking: 6 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

13°C

Partly Cloudy

Humidity 88%

Wind WSW 2 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

4

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
Gabriola ElementaryElementary5.9 km
Cedar SecondarySecondary6.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary6.3 km
Cedar ElementaryElementary6.5 km
Chase River ElementaryElementary9.8 km
Fulford Community ElementaryElementary10.4 km
Cinnabar Valley ElementaryElementary10.6 km
North Oyster ElementaryElementary10.8 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 (1)

  • El Verano Boat Launch522 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($26,899) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$415,190.00
Periodic payment — Principal & Interest (monthly)$2,678.66
Additional monthly expenses (strata, tax, utilities, etc.)$141.26
Total monthly cost$2,819.92
Interest paid over 5-yr term$118,994.65
Balance at end of term$373,464.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,899
Stress test qualifying rate8.09%
Payment you must qualify for$3,783.99

Cash Needed at Closing

Minimum down payment$26,899
Estimated BC PTT$8,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,779

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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