About Ladysmith Corner

A comprehensive restoration has just been completed on this historic landmark building Inside and Out.Proven income stream with 5 residential tenants,3 new 5 year commercial leases anchored by the Ladysmith Chamber of Commerce and Active Solutions Health & Fitness new doctors practice and a new restaurant. Amazing panoramic ocean views, and directly across from the Credit Union Bank. The building structure has approx 12,500 sq ft on 3 floors where the main and lower levels accommodate commercial retail & office space with the top floor being residential. Nicely renovated drywall interior, sprinklers, large viewing decks, southern facing, good tenants with ample parking and free city parkade next door! Well maintained building with renovations comprising fire sprinklers, industrial 3 phase wiring, plumbing & roof,and complete brick structural front Facade. Showing a high Cap Rate on net income at asking price.

1 suite available

1,392 SF
$12.26/SF
  • Dedicated parking
  • Heritage
  • Highway access
  • Loading
  • Transit friendly
  • Property Type Retail
  • Zoning C2
  • Status Existing
  • Total Available Space 1,392 SF
  • Direct Available Space 1,392 SF
  • Sublet Available Space 0 SF
  • Min Divisible 1,392 SF
  • Max Contiguous 1,392 SF
  • Building Size 12,500 SF
  • Year Built 1908
  • Year Renovated 2015
  • Managed By Coldwell Banker Commercial
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