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  5. Colonia

401 Colonia Drive, Ladysmith Ladysmith

Price

$1,089,000

Bedrooms2 Beds

Bathrooms4 Baths

Size3069 sqft

Year Built2021

Property TypeDetached Home

Property Taxes$6,423

Description

OCEANVIEW 4-year-old custom home built by a highly experienced builder. This beautifully designed property features a 2-bedroom + den main home plus a 2-bedroom executive legal suite—both offering stunning ocean views, vaulted ceilings, and bright open-concept living. Chef’s kitchens on both levels include high-end appliances, ample cabinetry, and walk-in pantries. The suite is thoughtfully laid out with 1.5 bathrooms, 9-ft ceilings throughout, and a trayed ceiling in the living room for added style and spaciousness. The primary bedroom in the main home opens to a covered deck with a Jacuzzi-brand hot tub and cozy sitting area. The backyard backs onto protected riparian land, providing natural beauty and long-term privacy. The home is ideally located in a future-growth area identified in the OCP, with a planned road that will enhance connection to nearby schools—combining peaceful surroundings with added convenience for families. Utility features include full generator wiring in the main house and partial wiring in the suite, along with separate gas and electrical services for both units. Each has its own hot water on demand, gas cooktops, forced air furnaces, and BBQ quick-connects. The home also includes a 30-amp RV parking pad, oversized double garage, and off-street parking for 4+ vehicles. Additional features include full front and rear sprinkler systems, durable 50-year Hardie plank siding, and sleek glass railings on stairs and decks. Located just minutes from schools, hiking trails, shopping, the airport (10 minutes), and ferries (20 minutes), this home is ideal for multigenerational living, rental income, or long-term flexibility. The legal suite can also be easily reconnected to the main home if desired. Offering unmatched quality, thoughtful design, and future potential—this is a rare opportunity not to be missed. (id:39198)

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Listed By

The listing brokerage and/or agent is REMAX Professionals

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$4,448 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$871,200

Total Interest Payments

$537,148

Total Payment (Principal + Interest)

$1,408,348


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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions