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Main Photo: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 1: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 2: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 3: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 4: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 5: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 6: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 7: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
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Photo 17: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
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Photo 20: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 21: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 22: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 23: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 24: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Photo 25: 1154 2nd Ave in Ladysmith: Du Ladysmith Multi Family for sale (Duncan)  : MLS®# 1020354
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1020354
Prime Development Opportunity, Rental or Family Home - A subdividable corner lot situated in the family oriented town of Ladysmith. Don't let this rare chance to own a large lot in an expanding community pass you by. The property is zoned for multi family use and is on a sizable parcel with significant possibilities. The lot provides ample frontage and access, making it perfect for a subdivision, multi unit housing, laneway home, large workshop, or a basement suite for family or rental income. With the rising demand for housing in Ladysmith, this location is ideal for your next project. The home includes 5 bedrooms, 2 bathrooms, kitchen, recreation room, and a carport offering rental income while you plan your development or a comfortable living space as you personalize it. The sundeck is brand new, the roof is one year old, and the house construction is solid. The property is located near all amenities. This is a unique opportunity you won't want to overlook and is move in ready
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du Ladysmith, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
21,269 sq. ft.
Lot Details:
21268
Taxes:
Electricity:
Yes
Ceiling Heights:
Commercial Area:
Subdivisable Area:
Yes
Water supply:
Municipal
Sewer:
Sewer Connected
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:
R2
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Occupancy:
Tenant
Utilities:
Cable Connected, Electricity Connected, Garbage, Phone Connected, Recycling
Lot Site Features:
Central Location, Corner Lot, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby
Parking Features:
On Site
Total Units:
Date Listed:
Nov 12, 2025
Original Price:
699900.0
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Listed by Island Pacific Realty Ltd.
Data was last updated November 15, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$987,500
Min list price:
$339,000
Max list price:
$4,687,000
Avg days on market:
83
Min days on market:
3
Max days on market:
233
These statistics are generated based on the current listing's property type and located in Du Ladysmith. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.