640 1st Ave, Ladysmith, BC V9G1A2
640 1st Ave, Ladysmith, BC V9G1A2
640 1st Ave, Ladysmith, BC V9G1A2
640 1st Ave, Ladysmith, BC V9G1A2
640 1st Ave, Ladysmith, BC V9G1A2
640 1st Ave, Ladysmith, BC V9G1A2
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$ 2,850,000
Est. payment | /mo

10,048 Sqft Lot


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

10,048 Sqft Lot

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Ladysmith

MLS® Listing ID 1041717

Lot Size 10,048 Sqft

Acres 10048.0

Property Sub-Type Freehold

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! Please do not contact the staff directly (id:24570)

Location

Province BC

Zoning Unknown

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Others

Ownership Freehold

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Listed by RE/MAX Masters Realty

NEARBY SCHOOL & BUSINESS

RALPH RICHARDSON

+1(416) 523-6447

ralph@ralphrichardson.ca

119 Merton Street, Toronto

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640 1st Ave