640 1st Ave, Ladysmith, BC V9G 1A2
640 1st Ave, Ladysmith, BC V9G 1A2
640 1st Ave, Ladysmith, BC V9G 1A2
640 1st Ave, Ladysmith, BC V9G 1A2
640 1st Ave, Ladysmith, BC V9G 1A2
640 1st Ave, Ladysmith, BC V9G 1A2
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Layne Britton PREC*

Layne Britton PREC*

+1(250) 588-6011
Listing by Mark Ballard RE/MAX Masters Realty
$ 2,850,000
Est. payment | /mo

7,066 SqFt

Save
$ 2,850,000
Est. payment | /mo
Save

7,066 SqFt

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 false

Street Surface Paved

Garage No

Building

Lot Description Central Location, Easy Access, Shopping Nearby, Sidewalk

Others

Restrictions ALR: No

Ownership Freehold

Nearby Locations

Layne Britton PREC*

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 588-6011

layne@expertrealestategroup.ca

301-1321 Blanshard Street Victoria, British Columbia V8W 0B6

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640 1st Ave