Welcome to a prime investment opportunity on award-winning 1st Ave in Ladysmith. The property features 3 commercial units w/ excellent street frontage & a spacious, no-step Rancher residence above. Combining prime commercial space w/ luxurious residential living, this property is highly desirable. The commercial units suit various businesses, & above is a large single-family residence w/ high ceilings, private off-street parking, & zero noise transfer. The residence includes a courtyard w/ a freestanding gas fireplace. It has a detached garage, iron security gating, & alley access for convenience. Its location on 1st Ave offers excellent visibility & accessibility for businesses. Recent upgrades include a repaint, rear patio w/ a gas fireplace, new roofs & gutters, & extensive landscaping. New heating systems ensure low maintenance, & a ground-scan certificate guarantees the property's integrity. Low-maintenance utilities & extensive upgrades, ensuring minimal additional investment.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Du Ladysmith, Duncan
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
5,002.795 sq. ft.464.775 m2
Lot Details:
50 x 100
Taxes:
$10,289 /
2023
Total Building Area:
2,401 sq. ft.223.06 m2
Commercial Area:
Downtown
Fireplace:
No
Storefront
Main Level
0
Yes
No
Unrestricted
Financing Notes:
3.5% 1st 100k & 1.5% on bal if physically intro by buyer's agent, to the property otherwise $1k
Assessed:
876000.0
Assessment year:
2024
Jurisdiction name:
Town of Ladysmith (SD68)
Legal Description:
LOT 2, BLOCK 27, DISTRICT LOT 56, OYSTER DISTRICT, PLAN 703
Data was last updated September 8, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$890,000
Min list price:
$129,000
Max list price:
$15,000,000
Avg days on market:
22
Min days on market:
3
Max days on market:
166
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations.
Welcome to this charming and meticulous home nestled in the heart of the sought after and family friendly neighborhood of Cinnabar Valley. Move in ready...
Listed by Royal LePage Coast Capital - Chatterton and Royal LePage Coast Capital Realty, sold on July, 2024