Property Type: Land / LotOwnership: Freehold

Lot 88 Sockeye Dr

Mudge Island, BC V0R1X6

$180,000

0 bed0 bath2 parking
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Property Details

Property & Lot

Lot size
0.85 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$595

Interior

Fireplace
None

Parking

Total spaces
2 — uncovered indicated
Features
None

Listing Information

MLS®
1032150
Listed
April 15, 2026
Time on market
On the market for 138 days
Data last synced
August 28, 2026

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

Description

Discover the perfect blend of tranquility and natural beauty on this exceptional 0.85-acre building lot on Mudge Island. One of the most level lots available, this property offers an ideal canvas to bring your dream home or getaway retreat to life. Surrounded by the serene charm of the West Coast, this property delivers a peaceful, almost magical setting—perfect for those seeking privacy, nature, and a slower pace of life. BC Hydro and high-speed internet available at the lot line Easy building potential with minimal site preparation Accessible via boat or private water taxi from Nanaimo or ferry from Nanaimo to Gabriola Island, your journey home becomes part of the experience—every trip an adventure. Whether you're envisioning a vacation escape or a full-time coastal lifestyle, this is your opportunity to create something truly special on Mudge Island. Lot size from BC assessment (id:63159)

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.

Nearby Schools

SchoolTypeDistance
Cedar SecondarySecondary5.1 km
Qwam Qwum Stuwixwulh Community SchoolElementary5.3 km
Gabriola ElementaryElementary5.3 km
Cedar ElementaryElementary5.8 km
Chase River ElementaryElementary8.8 km
Fulford Community ElementaryElementary9.4 km
Cinnabar Valley ElementaryElementary9.5 km
Bayview ElementaryElementary10.2 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$144,000.00
Periodic payment — Principal & Interest (monthly)$929.04
Additional monthly expenses (strata, tax, utilities, etc.)$49.58
Total monthly cost$978.62
Interest paid over 5-yr term$41,270.81
Balance at end of term$129,528.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,000
Stress test qualifying rate8.09%
Payment you must qualify for$1,314.93

Cash Needed at Closing

Minimum down payment$9,000
Estimated BC PTT$1,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,300

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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