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 level entry Rancher residence. 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, but are not limited to, hardscaping of rear yard space w/ a gas fireplace, new roof & gutters, & extensive landscaping. New heating systems ensure low maintenance, & economical utility costs. Rare offering in the heart of one of the best streets in Canada.
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:
5,003 sq. ft.465 m2
Lot Details:
50 x 100
Taxes:
$10,289 /
2023
Total Building Area:
2,401 sq. ft.223 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 February 6, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$1,650,000
Min list price:
$68,000
Max list price:
$14,800,000
Avg days on market:
110
Min days on market:
7
Max days on market:
563
These statistics are generated based on the current listing's property type
and located in
Duncan. Average values are
derived using median calculations.
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