Property Type: Detached HouseOwnership: Freehold

865 Driftwood Dr

Mudge Island, BC V1V1V1

$315,000

2 bed1 bath2 parking914 sqftBuilt 1970
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Property Details

Property & Lot

Sub-type
House
Lot size
0.6 acres
Zoning
Unknown

RR

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$965

Interior

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

Parking

Total spaces
2 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
KitchenMain level10'07
Dining roomMain level8'02
Living roomMain level11'08 x 10'09
BedroomMain level10'7
BedroomMain level11'7 x 10'7
BathroomMain level3-Piece

Listing Information

MLS®
1004584
Listed
June 24, 2025
Time on market
On the market for 433 days
Data last synced
August 28, 2026

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

Description

Sunny cottage on peaceful Mudge Island. This two bedroom ranch style cabin is the perfect retreat from the city life. Turnkey with power, water (drilled well) & septic plus woodstove for winter heat and all furnishings included, on a .60 acre lot. 3 piece bathroom with shower, pedestal sink & flush toilet, baseboard heater & lino floor. The galley style kitchen has a single metal sink with big view window, older wood cabinets, electric fridge & stove. The dinning area is next to a bright window & open to the spacious living room which features a ceiling fan & Osburne woodstove (not used in over 10 years). Metal roof and wood siding, plus 12x16 sundeck facing the ocean views of False Narrows. Make this your place to be this summer. Call your realtor for an appointment to view! (id:63159)

Values & Trends

This listing

$345/sqft

Building average

No other active listings in this building

Mudge Island average

$668/sqft

13 active listing(s)

Parking: 2 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
Cedar SecondarySecondary5.9 km
Gabriola ElementaryElementary5.9 km
Qwam Qwum Stuwixwulh Community SchoolElementary6.1 km
Cedar ElementaryElementary6.3 km
Chase River ElementaryElementary9.6 km
Fulford Community ElementaryElementary10.3 km
Cinnabar Valley ElementaryElementary10.4 km
North Oyster ElementaryElementary10.6 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 Launch704 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($15,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$252,000.00
Periodic payment — Principal & Interest (monthly)$1,625.82
Additional monthly expenses (strata, tax, utilities, etc.)$126.42
Total monthly cost$1,752.24
Interest paid over 5-yr term$72,223.92
Balance at end of term$226,674.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,301.13

Cash Needed at Closing

Minimum down payment$15,750
Estimated BC PTT$4,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,550

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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