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- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1028740
- Photos (3)
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Avison Young is pleased to offer for sale a 4.72-acre residential development site fronting Island Highway in Ladysmith, BC. Ladysmith sits between the two largest urban centres on Vancouver Island - about 23 km south of Nanaimo and within easy reach of Victoria - which gives developers access to broader labour pools, renters and buyers. It's also near major transportation routes including the Island Highway, ferries and the Nanaimo Airport. Residential demand in Ladysmith has significantly increased as people seek lifestyle, affordability and community amenities. The market is underserved for rental and ownership, specifically for apartments and multi-family spaces. This offering presents a developer with an affordable land acquisition to build more than 135,000 square feet of apartments or-130 units (0.66 FSR) in a supply constrained growth market on profitable metrics.
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Du Ladysmith, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 4.72 acre(s)
- Taxes:
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- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- Town of Ladysmith (SD68)
- Legal Description:
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- Zoning:
- R-3-A
- Legal Non-Conformance:
- No
- Parking Features:
- On Site
- Road Frontage Type:
- Highway
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Mar 02, 2026
- Original Price:
- 3600000.0
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Listed by Avison Young Commercial Real Estate Services
Data was last updated July 29, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $2,250,000
- Min list price:
- $509,600
- Max list price:
- $4,259,000
- Avg days on market:
- 78
- Min days on market:
- 33
- Max days on market:
- 366
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.
- JEFF MEYER
- eXp Realty Canada
- 1.250.885.2047
- Info@VIREG.ca
