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Fantastic investment/revenue opportunity in Ladysmith! 5-plex OCEAN VIEW apartment building. This is a legal four-plex with one bachelor suite. All four bdrm suites enjoy great ocean views. Property boasts eight to nine parking spots on a large 11,040 sqft lot. Current zoning allows for a legal six-plex. numerous upgrades and improvements made and best of all...Major upside in rents possible. Storage lockers for each suite, new carpet in the hallways, irrigation system and much more. Full income/expense statement plus floor plans available on Agent Supplements. Serious buyers only, must be pre-qualified prior to any showings or release of any documents. 2025 income projection: $54,600
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price, See Remarks
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Du Ladysmith, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 11,040 sq. ft.
- Lot Details:
- 80 x 1398
- Taxes:
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- Foundation:
- Concrete Perimeter
- Number of Storeys:
- 2
- Ceiling Heights:
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- Total Building Area:
- 7,380 sq. ft.
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- Town of Ladysmith (SD68)
- Legal Description:
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- Parking Features:
- On Site
- Total Parking Spaces:
- 5
- Road Surface Type:
- Paved
- Total Units:
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- Date Listed:
- May 14, 2025
- Original Price:
- 1575000.0
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 999721
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $822,500
- Min list price:
- $350,000
- Max list price:
- $3,800,000
- Avg days on market:
- 66
- Min days on market:
- 6
- Max days on market:
- 126
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations.
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Listed by Macdonald Realty Victoria
Data was last updated June 24, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $822,500
- Min list price:
- $350,000
- Max list price:
- $3,800,000
- Avg days on market:
- 66
- Min days on market:
- 6
- Max days on market:
- 126
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations.
- ANNETTE CYR
- MACDONALD REALTY VICTORIA
- 1 (778) 8720242
- Contact by Email
Annette Cyr
Macdonald Realty Victoria
Office Address:
755 Humboldt St
Victoria, BC, V8W 1B1