Property Type: Detached HouseOwnership: Freehold

685 Weathers Way

Mudge Island, BC V0R1X0

$367,000

1 bed1 bath6 parking507 sqftBuilt 2001
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Property Details

Property & Lot

Sub-type
House
Lot size
21,249 square feet
Zoning
Unknown

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,176.89

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
6 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
BathroomMain level3-Piece
BedroomMain level12'6
Great roomMain level

Listing Information

MLS®
988455
Listed
February 18, 2025
Time on market
On the market for 559 days
Data last synced
August 28, 2026

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

Description

This may be The Cozy Cottage you've been looking for. Located on Magical Mudge Island, 5 minutes by boat from Gabriola Island & 25 minutes from downtown Nanaimo, Life here is peaceful and Low key. The property is a half acre and mostly flat with lawns & small garden and across from Public water access. The main cottage is a compact design with a great room ( living & kitchen ) featuring ceramic tile floors, 10.5 ft vaulted ceilings with ceiling fan, new kitchen cabinets & countertop, Hardwick gas stove & new ( 2022 ) fridge. Spacious master bedroom. bathroom with pedestal sink & shower and a stacking ( 2020 ) washer & dryer, 220 amp power. Detached 12x24 studio with loft, 15 ft ceilings & woodstove plus a 12x14 workshop, pump house, well @ 1.5gpm & septic system.High speed internet available on the island. Live here full time or make it your summer escape. (id:63159)

Values & Trends

This listing

$724/sqft

Building average

No other active listings in this building

Mudge Island average

$639/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 ElementaryElementary6.0 km
Cedar SecondarySecondary6.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary6.3 km
Cedar ElementaryElementary6.5 km
Chase River ElementaryElementary9.8 km
Fulford Community ElementaryElementary10.5 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 Launch515 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,350) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$293,600.00
Periodic payment — Principal & Interest (monthly)$1,894.21
Additional monthly expenses (strata, tax, utilities, etc.)$123.07
Total monthly cost$2,017.28
Interest paid over 5-yr term$84,146.60
Balance at end of term$264,094.15

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,350
Stress test qualifying rate8.09%
Payment you must qualify for$2,681.00

Cash Needed at Closing

Minimum down payment$18,350
Estimated BC PTT$5,340
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,190

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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