Own a piece of history with THE LADYSMITH INN! This iconic hotel, bar, and restaurant is an incredible opportunity for a visionary entrepreneur in a high visibility location. Prominently located on one of Canada's most celebrated streets, renowned for its heritage buildings, brightly painted shops, local eateries, and community - offering unparalleled charm and strong foot traffic. The main-floor bar features seating for 200, a pool area, and expansive entertainment space. Equipped with a commercial kitchen featuring with a walk-in freezer, cooler, and gas appliances, perfectly primed to handle high-volume service. Additionally, a 1,752 sq. ft. street-facing retail space on First Avenue provides the perfect canvas for a complementary business or a lucrative commercial lease. Upstairs, 15 rental suites deliver steady cash flow. With multiple established revenue streams and endless possibilities to renovate and rebrand, this is a rare chance to build a thriving hospitality legacy! Please do not contact the staff directly
Address
640 1st Ave
List Price
$2,850,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Duncan
Sub-Area
Du Ladysmith
Lot Size
10048 Sq. Ft.
Lot Size (Acres)
0.23 Ac.
MLS® Number
1041717
Listing Brokerage
RE/MAX Masters Realty
Postal Code
V9G 1A2
Tax Amount
$34,009.00
Tax Year
2025
Amenities
Central Location, Easy Access, Shopping Nearby, Sidewalk