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.
Address
1201 Christie Rd
List Price
$3,600,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Transaction Type
Sale
Area
Duncan
Sub-Area
Du Ladysmith
Lot Size
205603.2 Sq. Ft.
Lot Size (Acres)
4.72 Ac.
MLS® Number
1028740
Listing Brokerage
Avison Young Commercial Real Estate Services
Postal Code
V9G 1J5
Tax Amount
$9,837.14
Tax Year
2025