- 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:
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- 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:
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- 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 June 1, 2026 at 04:05 PM (UTC)
- ROSHAN SINGH
- 460 COMMERCIAL
- 1 (250) 2804800
- rsingh@460commercial.com
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Mid-Island Commercial is a personal marketing brand and website owned and operated by Roshan Singh, CFA
Roshan is a licensed real estate professional in British Columbia.
All buyer and seller representation is conducted through 460 Commercial Inc., the related brokerage.
Address: 1551 Estevan Rd #2, Nanaimo, BC V9S 5L8.
460 Commercial provides commercial real estate, leasing, and property management services to the Central Island region.