Real Estate Investment:  Duplex with Laneway House in Ladysmith

About This Property                               

Unique Live/Work Home with Revenue and Ocean Views in Ladysmith

** Offered OFF Market ** 

This conveniently located property consists of two buildings on a double lot with three potential rental units, each separately metered. Zoned Commercial/Residential C1.   

STORE FRONT/STUDIO:  The historic 120 year old main building, once a general store and now meticulously updated, retains the stunning original fir floors.  A 600 sq. ft shop/studio fronts on High St. There is an attached large private new cedar patio with pergola and 5 dedicated street parking spots for the main building. Vacant.  Market rent $1,400.

THREE BEDROOM HOME: There is a newly renovated 1200 sq. ft. 3 bedroom suite connected to the 600 sq. ft. front unit with access to the patio, a separate entrance and deck with some ocean views.  Vacant.  Market rent $1,600.

LANE HOUSE:  The updated freestanding cottage on the back lane is a one bedroom home with its own patio, gardens, entrance and  2 parking spots.   Currently rented for $1,100 month-to-month. 

The property is in close walking distance to all amenities including Ladysmith’s vibrant downtown, medical/dental/pharmacy/eye doctor/chiropractor healthcare, restaurants and cafes, Old Town Bakery, the Post Office as well as Ladysmith’s 3 schools.   10 to 20 minutes walk to Transfer Beach, Ladysmith Community Marina, government boat ramp, and Holland Creek Trails. 15 minute drive to the Nanaimo Regional Airport, and 25 minutes to the Duke Point Ferry or 35 minutes to the Departure Bay Ferry in downtown Nanaimo.  

Features

• Built in 1901
• 6,000 sqft Lot
• 2,706 SQFT Building
• Laneway Tenanted, main house + studio vacant
• $4,100 / month gross rent
• 4.4% CAP Rate