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:
Residential
Type:
Single Family Residence
Year built:
1940
(Age: 85)
Living Area:
3,930 sq. ft.365 m2
Listing General Location:
Du Ladysmith, Duncan
Bedrooms:
2
Bathrooms:
1.0
(Full:-/Half:-)
Lot Size:
5,003 sq. ft.465 m2
Kitchens:
1
Taxes:
$10,289 /
2023
Construction:
Frame Wood
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle
Total Building Area:
4,064 sq. ft.378 m2
Total Unfinished Area:
134 sq. ft.12.4 m2
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.0 m2
Living Area Main Floor:
1,500 sq. ft.139 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
1
Fireplace Details:
Gas
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Other
Heating:
Electric, Heat Pump, Natural Gas
Fireplace:
Yes
Ground Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Bedroom
11'9"3.58 m × 11'5"3.48 m
Main Floor
Storage
16'1"4.90 m × 6'7"2.01 m
Main Floor
Bedroom - Primary
20'11"6.38 m × 12'11"3.94 m
Main Floor
Laundry
12'3.66 m × 6'7"2.01 m
Main Floor
Dining Room
13'3.96 m × 12'3.66 m
Main Floor
Living Room
17'4"5.28 m × 13'5"4.09 m
Main Floor
Kitchen
13'3.96 m × 12'3.66 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
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 January 22, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
118
Avg list price:
$699,900
Min list price:
$65,000
Max list price:
$5,950,000
Avg days on market:
67
Min days on market:
1
Max days on market:
691
Avg price per sq.ft.:
$426.51
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations.
This unique Industrial property in the Polkey Rd. Industrial Park, on the South side of Duncan could accommodate a wide variety of uses. The approximately...
Listed by Royal LePage Duncan Realty, sold on January, 2025