$699,000

Ladysmith BC, V9G 0A0

MLS® # 1015750

Property Information:

Welcome, developers! Exciting new changes to the Ladysmith R2 zone now permit higher density developments. This .39-acre lot can accommodate an 8-plex, or you can unleash your creativity and collaborate with designers to craft a multi-unit building.This building currently has 2 2pc bathrooms, small kitchenette, large hall and meeting rooms, but with some minor modifications, this space could also be transformed into a two-bedroom residential suite, generating income while you apply for development permits. Don't miss this opportunity!

Property Features:

Annual Tax Amount: $3,870
Building Features: Kitchen/Staff Room, Parking
Construction Materials: Frame Wood
Floor Space (approx): 2466 Square Feet
Flooring: Mixed
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric
Lot Features: Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
Lot Frontage: 16962 Square Feet
Lot Size: 16962.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Water Source: Municipal
Zoning: R2
Sewer:

Courtesy of: REMAX Professionals (LD)

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.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 1134 Trans Canada Hwy, Ladysmith, BC, V9G 0A0

Lifestyle
Neighbourhood

Demographic Information of 1134 Trans Canada Hwy, Ladysmith, BC, V9G 0A0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,992.90

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.87 %

High school certificate or equivalent

37.6 %

Apprenticeship trade certificate/diploma

12.34 %

College/non-university certificate

20.35 %

University certificate (below bachelor)

0.83 %

University Degree

14.0 %

Commuter

Travel To Work

By Car

86.85 %

By Public Transit

0.0 %

By Walking

11.27 %

By Bicycle

0.0 %

By Other Methods

1.88 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.57 %

Houses

86.43 %

Own Vs. Rent