Rare downtown Ladysmith opportunity at 117 Kitchener St! This level 7,200 sqft C2 lot offers an incredible live-work setup or investment. The property features an updated 2-bedroom home alongside a 22'x19' commercial building. The house is move-in ready with a new metal roof, updated plumbing, wiring, paint, and flooring. Both buildings conveniently have separate hydro meters. The true value lies in the Downtown Commercial zoning, designed to accommodate a broad range of uses like retail, restaurants, offices, and tourist accommodation. Town bylaws permit up to 100% parcel coverage and building heights up to 18.0 metres, providing a massive canvas for future multi-story redevelopment. With easy access and a central location near shopping, it is an investor or developer's dream. Don't miss out on this exceptionally versatile gem!
Address
117 Kitchener St
List Price
$809,500
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Duncan
Sub-Area
Du Ladysmith
Bedrooms
2
Bathrooms
1
Floor Area
821 Sq. Ft.
Lot Size
7200 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
Year Built
1901
MLS® Number
1040599
Listing Brokerage
Royal LePage Nanaimo Realty LD
Basement Area
Not Full Height, Partially Finished, Walk-Out Access, With Windows
Postal Code
V9G 1A7
Tax Amount
$3,332.00
Tax Year
2025
Features
Aluminum Frames, Baseboard, Ceiling Fan(s), Dishwasher, Dryer, Eating Area, Electric, Mixed, Natural Gas, Oven/Range Electric, Range Hood, Refrigerator, Sump Pump, Vaulted Ceiling(s), Washer
Amenities
Central Location, Easy Access, Level, Marina Nearby, Recreation Nearby, Rectangular Lot, Serviced