$699,000

Investment For Sale In Ladysmith, British Columbia

$699,000

Property Information:

Welcome, developers! Exciting new changes to the Ladysmith R2 zone now permit higher density developments. This .39-acre lot can accommodate an 8-plex, or you can unleash your creativity and collaborate with designers to craft a multi-unit building.This building currently has 2 2pc bathrooms, small kitchenette, large hall and meeting rooms, but with some minor modifications, this space could also be transformed into a two-bedroom residential suite, generating income while you apply for development permits. Don't miss this opportunity!

Property Features:

  • Annual Tax Amount: $3,870
  • Building Features: Kitchen/Staff Room, Parking
  • Construction Materials: Frame Wood
  • Floor Space (approx): 2466 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Lot Features: Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
  • Lot Frontage: 16962 Square Feet
  • Lot Size: 16962.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Water Source: Municipal
  • Zoning: R2
  • Sewer:

Courtesy of: REMAX Professionals (LD)

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.