Property Type: Land / LotOwnership: Freehold

Lot 10 Driftwood Dr

Mudge Island, BC V0R1X6

$274,900

0 bed0 bath3 parking
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Property Details

Property & Lot

Lot size
0.61 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,181

Interior

Fireplace
None

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
3

Listing Information

MLS®
1034419
Listed
May 4, 2026
Time on market
On the market for 119 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.

Description

This exceptional0.61-acre oceanfront building lot offers a rare opportunity to create your dream home or serene cottage retreat in one of the gulf Island most peaceful settings. Perfectly positioned directly across from Gabriola Island, the property enjoys easy beach access, making it effortless to embrace a true waterfront lifestyle. The land is level and ready to build, and features a drilled well, adding both value and convenience. Mudge Island is known for its quiet charm and unspoiled character, while still offering modern essentials including hydro, cable, and high-speed internet. Accessible by private boat or water taxi, it’s just a short trip from Vancouver Island—providing the perfect balance of seclusion and accessibility. This is a rare chance to secure a prime oceanfront parcel in a truly special location. (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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

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 ElementaryElementary6.7 km
Cedar SecondarySecondary6.7 km
Qwam Qwum Stuwixwulh Community SchoolElementary7.1 km
Gabriola ElementaryElementary7.3 km
North Oyster ElementaryElementary10.3 km
Chase River ElementaryElementary10.7 km
Cinnabar Valley ElementaryElementary11.3 km
Fulford Community ElementaryElementary11.5 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)

  • Sea Fern Lane Community Park · 1103 Sea Fern Lane492 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$219,920.00
Periodic payment — Principal & Interest (monthly)$1,418.85
Additional monthly expenses (strata, tax, utilities, etc.)$98.42
Total monthly cost$1,517.27
Interest paid over 5-yr term$63,029.70
Balance at end of term$197,818.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,745
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.19

Cash Needed at Closing

Minimum down payment$13,745
Estimated BC PTT$3,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,743

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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