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Main Photo: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 1: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 2: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 3: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 4: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 5: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
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Photo 17: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 18: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 19: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 20: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 21: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 22: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Photo 23: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 993356
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
993356
Own & Transform the Ladysmith Inn (The Sporty)! This bar, restaurant, and hotel is ready for a visionary entrepreneur. With seating for 200, a pool table, entertainment space, and a cozy gas stove, it's primed for success. The commercial kitchen includes a walk-in freezer, cooler, and gas appliances—perfect for high-volume service. . An additional 1,752 sq. ft. main-floor retail space on First Avenue offers potential for a complementary business. Upstairs, 14 rental suites provide steady income, including a beautifully upgraded two-bedroom owner’s suite. With multiple revenue streams and endless possibilities, this is your chance to renovate, rebrand, and build a thriving hospitality business. Financials available upon signing an NDA. Are you ready to make it yours?
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets, Sale Of Shares, Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du Ladysmith, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
10,000 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
7,066 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Town of Ladysmith (SD68)
Legal Description:
Zoning:
C-2
Units in Building:
Units in Community:
Parking Features:
On Site
Road Surface Type:
Paved
Business Type:
Accommodation, Restaurant/Bar, Retail
Total Units:
Date Listed:
Mar 27, 2025
Original Price:
3299900.0
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Listed by Royal LePage Nanaimo Realty LD
Data was last updated April 3, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$825,000
Min list price:
$229,000
Max list price:
$3,299,900
Avg days on market:
15
Min days on market:
7
Max days on market:
168
These statistics are generated based on the current listing's property type and located in Du Ladysmith. Average values are derived using median calculations.
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.