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I have listed a new property at 422 1ST AVE in LADYSMITH.
This 103 year old former hotel and pub was once the most prestigious hotels in the area when first built in 1913. Many Ladysmith residents have fond memories of activities surrounding this property over several generations. Unfortunately, the building has been largely abandoned for nearly 20 years and has fallen into a state of disrepair over time. Recent updates include a new roof in 2010 and an engineered repair of the building's alley-facing wall in 2008. Despite the building's current condition, there is ample opportunity for a developer to recondition the property into a modern hotel and pub/restaurant, office space with retail, apartments, or condos (or a combination to all of these). With almost 13,400 square feet of building and dedicated parking stalls behind - the possibilities are nearly endless. The current price reflects the condition of the property.
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