640 1st Ave - Photo 1 of 4, Ladysmith, British Columbia
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$2,850,000

640 1st Ave — Ladysmith, British Columbia

V9G1A2

RE/MAX Masters Realty
7,066Sq Ft
10,048Lot Sq Ft

About This Property

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:63357)

RE/MAX Masters Realty

Property Location

Map

Property Details

Property Type
Detached
Building Area
7,066 square feet
Status
Active

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Ladysmith Market Snapshot

130

Active Listings

$820K

Median Price

Avg Days on Market

Last updated: Jun 26, 2026

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$2,850,000
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Oakwyn Realty Ltd.

Search Listings Online Inc.

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REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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