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640 1st Ave
Du Ladysmith Ladysmith V9G 1A2

$2,850,000
Commercial Sale

Main Photo: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 1: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 2: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 3: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 4: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 5: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 6: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 7: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
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Photo 9: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 10: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 11: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 12: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 13: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 14: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
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Photo 16: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 17: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 18: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 19: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 20: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 21: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Photo 22: 640 1st Ave in Ladysmith: Du Ladysmith Mixed Use for sale (Duncan)  : MLS®# 1041717
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
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!
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
See Remarks
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du Ladysmith, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
10,048 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
7,066 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Town of Ladysmith (SD68)
Legal Description:
Zoning:
C-2
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Lot Site Features:
Central Location, Easy Access, Shopping Nearby, Sidewalk
Parking Features:
On Site
Road Surface Type:
Paved
Business Name:
Ladysmith Inn + Sporty Grill & Pizza (The Sporty)
Business Type:
Accommodation, Restaurant/Bar
Total Units:
Date Listed:
Jun 25, 2026
Original Price:
2850000.0
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Listed by RE/MAX Masters Realty
Data was last updated July 28, 2026 at 06:05 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:
77
Min days on market:
32
Max days on market:
365
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
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.