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Listing by Bijan Lalji Avison Young Commercial Real Estate Services
$ 3,600,000
Est. payment | /mo
4.72 Acres Lot
$ 3,600,000
Est. payment | /mo
4.72 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1028740
HOA Y/N No
Annual Tax Amount $9,837
Tax Year 2025
Lot Size 4.720 Acres
Acres 4.72
Property Sub-Type Unimproved Land
Property Description
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.
Location
Province BC
County Ladysmith, Town Of
Community Du Ladysmith
Area Duncan
Zoning R-3-A
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Street Surface Paved
Garage No
Others
Ownership Freehold