640 1st Ave, Ladysmith

$2,850,000

MLS® 1041717

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 (id:44056)

    Property Details
    Full Address:640 1st Ave, Ladysmith, British Columbia
Price:$ 2,850,000
MLS Number:1041717
List Date:June 26th, 2026
Building Size:7066 sq.ft.
Lot Size:10048 sq.ft.
Taxes:$ 34,009

    Interior Features
    

    Building Features
    Building Size:7066 sq.ft.
Zoning:Unknown
Zoning Detail:C-2
Ownership Type:Freehold
Taxes:$ 34,009

    Floors
    

    Land
    Lot Size:10048 sq.ft.
Lot Features:Central location, Other

    Neighbourhood Features
    

    Ratings
    

    Commercial Info
    Business Type:Accommodation, Restaurant

Neighbourhood Details

Location

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Mark Ballard RE/MAX Masters Realty

604-341-3147

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Listing Agent(s)

Lead Agent: Mark Ballard
Office: RE/MAX Masters Realty
Originating Board: Vancouver Island Real Estate Board

Co-Listing: James Barnes
RE/MAX Masters Realty

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