640 1st Ave, Ladysmith, British Columbia

$2,850,000

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0.23

Acres

About 640 1st Ave

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 (id:36535)

Features of 640 1st Ave

Listing # 1041717
Price $2,850,000
Bathrooms 0.00
Acres 0.23
Type Other
Sub-Type Freehold

Community Information

Address 640 1st Ave
Subdivision Ladysmith
City Ladysmith
Province British Columbia
Postal Code V9G1A2

Amenities

Features Central location, Other
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Zoning Unknown

Listing Details

OfficeCourtesy Of RE/MAX Masters Realty

Listing Map