1154 2nd Avenue, Ladysmith Ladysmith
Price
$699,900
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeCommercial
Property Taxes$4,959.95
Description
Prime Development Opportunity, Rental or Family Home with great potential - This subdividable corner lot is situated in the heart of the charming, family oriented town of Ladysmith. Don't let this rare chance to own a spacious, flat lot in this expanding community pass you by. The property is zoned for multi family use and features a five bedroom, two bathroom home on a sizable parcel with significant development possibilities. The lot provides ample frontage and access, making it perfect for a subdivision, multi unit housing, adding a secondary dwelling like a laneway home, a large workshop, or creating a basement suite for family or rental income. With the rising demand for housing in Ladysmith, this location is ideal for your next project. The existing home includes five bedrooms, two bathrooms, a kitchen, a recreation room, and a carport offering rental income while you plan your development or a comfortable living space as you personalize it. The sundeck with vinyl covering is brand new, the roof is one year old, and the house construction is solid. Surrounded by established neighborhoods and conveniently located near schools, parks, and amenities, this property is perfectly suited for infill development or small scale multi family construction. Whether you're seeking a family home with room for growth or an investment property with development potential, this is a unique opportunity you won't want to overlook. Key Highlights: move in ready; strong rental potential while waiting for permits; subdividable corner lot zoned for multi family housing; space for a laneway home or workshop; and located in a high in demand, growing community (id:39198)
Listed By
The listing brokerage and/or agent is Island Pacific Realty Ltd.
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
$2,928 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$559,920
Total Interest Payments
$345,225
Total Payment (Principal + Interest)
$905,145
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.