$2,850,000
Back

640 1st Ave, Ladysmith

Ladysmith, BC V9G 1A2
MLS® 1041717
5
Days on Market

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!

Property Details

Property Type Commercial Sale
Property Sub Type Mixed Use
Listing ID 1041717
Status Active
City Ladysmith
Area Duncan
Sub-Area Du Ladysmith
Postal Code V9G 1A2
Property Taxes $34,009.00 (2025)
Zoning C-2
Listed Date Jun 26, 2026
Ownership Freehold
Lot Size 0.23 acres

Building Details

Stories -1
Exterior Size 7066 sqft

Additional Information

Features Central location, Other
Land Size 10048 sqft
Land Access Road access
Building Type Commercial Mix
Transaction For sale

Location