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Commercial property for sale

640 1st Ave, Ladysmith

$2,850,000 or
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Commercial property for sale in Ladysmith, 640 1st Ave, 1041717 | Realtylink.org
Commercial property for sale in Ladysmith, 640 1st Ave, 1041717 | Realtylink.org Commercial property for sale in Ladysmith, 640 1st Ave, 1041717 | Realtylink.org
$2,850,000 or

Commercial property for sale

640 1st Ave, Ladysmith

consumersite-GeographicArea3.ladysmith

Features

Lifestyle
1041717 2850000 /en/commercial-property~for-sale~ladysmith/1041717 /en/commercial-property~for-sale~ladysmith/1041717/photos 48.9943000000 -123.8191400000 true
Floor Area
7,066 sqft
Lot Size
10,048 sqft
Gross Property Tax
$34,009 /year
Zoning
C-2
Additional Features
Central Location, Easy Access, Shopping Nearby, Sidewalk
81

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! Please do not contact the staff directly
MLS® Number 1041717
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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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