Prime Development Opportunity, Rental or Family Home with great potential - This subdividable corner lot is situated in the heart of the charming, family oriented town of Ladysmith. Don't let this rare chance to own a spacious, flat lot in this expanding community pass you by. The property is zoned for multi family use and features a five bedroom, two bathroom home on a sizable parcel with significant development possibilities. The lot provides ample frontage and access, making it perfect for a subdivision, multi unit housing, adding a secondary dwelling like a laneway home, a large workshop, or creating 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 existing home includes five bedrooms, two bathrooms, a kitchen, a recreation room, and a carport offering rental income while you plan your development or a comfortable living space as you personalize it. The sundeck with vinyl covering is brand new, the roof is one year old, and the house construction is solid. Surrounded by established neighborhoods and conveniently located near schools, parks, and amenities, this property is perfectly suited for infill development or small scale multi family construction. Whether you're seeking a family home with room for growth or an investment property with development potential, this is a unique opportunity you won't want to overlook. Key Highlights: move in ready; strong rental potential while waiting for permits; subdividable corner lot zoned for multi family housing; space for a laneway home or workshop; and located in a high in demand, growing community