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Listed by Mark Ballard RE/MAX Masters Realty
$ 2,850,000
Est. payment /mo
New
640 1st Ave Ladysmith, BC V9G 1A2
7,066 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,066 sqft
Price per Sqft $403
MLS Listing ID 1041717
HOA Y/N No
Annual Tax Amount $34,009
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Mixed Use
Property Description
Own a piece of history with THE LADYSMITH INN! This iconic hotel, bar, and restaurant is an incredible opportunity for a visionary entrepreneur in a high visibility location. Prominently located on one of Canada's most celebrated streets, renowned for its heritage buildings, brightly painted shops, local eateries, and community - offering unparalleled charm and strong foot traffic. The main-floor bar features seating for 200, a pool area, and expansive entertainment space. Equipped with a commercial kitchen featuring with a walk-in freezer, cooler, and gas appliances, perfectly primed to handle high-volume service. Additionally, a 1,752 sq. ft. street-facing retail space on First Avenue provides the perfect canvas for a complementary business or a lucrative commercial lease. Upstairs, 15 rental suites deliver steady cash flow. With multiple established revenue streams and endless possibilities to renovate and rebrand, this is a rare chance to build a thriving hospitality legacy!
Location
Province BC
County Ladysmith, Town Of
Community Du Ladysmith
Area Duncan
Zoning C-2
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N No
Street Surface Paved
Garage No
Building
Lot Description Central Location, Easy Access, Shopping Nearby, Sidewalk
Others
Restrictions ALR: No
Ownership Freehold
Agent | License ID: 2238882
+1(250) 714-6141 | myles@mmshomes.com