Wes Smith RE/MAX Ocean Pointe

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New property listed in Z3 Ladysmith, Zone 3 - Duncan

I have listed a new property at 422 1ST AVE in LADYSMITH.
*** REDUCED BY $70,000!*** This 100 year old hotel and pub was once the most prestigious hotels in the area when first built. Many Ladysmith residents have fond memories of activities surrounding this property over several generations. Unfortunately, the building has been largely abandoned for nearly 15 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. A full information package is available from the listing realtor. Call or email for an appointment today!