REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Dylon Paul

eXp Realty

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Mark Ballard RE/MAX Masters Realty

$ 2,850,000

Est. payment -/mo

Save

Active

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 false

Street Surface Paved

Garage No

Building

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

Others

Restrictions ALR: No

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

Location & Context

Explore the Area

See where the property sits in relation to nearby homes, roads, services and the surrounding community.

Listing Timeline

Property History

Review the property’s recorded MLS activity, including listing dates, price changes and status updates where that information is available.

Buyer Decision Support

Before You Buy This Property

The listing tells you what the home looks like. Good due diligence helps you understand what you are actually buying. Depending on the property, servicing, title, renovations, drainage, strata documents and other details can materially affect the decision.

I built the Vancouver Island Property Due Diligence Lab to help you work through the questions worth asking before you get too far into the process.

Open the Due Diligence Lab Request a Showing

Compare Your Options

Similar Homes Nearby

See other nearby properties with similar pricing, features or location so you can compare this home against the alternatives currently on the market.

Property Questions

Ask About This Property

Have a question about the home, its location, showing availability, recent comparable sales or something you noticed in the listing? Send it over. I’ll reply personally, and if I do not have the answer, I’ll find it or point you in the right direction.

Private Showing

Want to see this home in person?

I can help arrange a private showing and make sure you have the information you need before you go. No pressure to decide anything on the spot. The goal is simply to understand the property properly.