640 1st Ave, Ladysmith, BC
$2,850,000
Square feet
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!
Commercial Sale home for sale in Ladysmith, BC at 640 1st Ave. This Commercial Sale home is priced at $403/sqft
Features of 640 1st Ave
| MLS® # | 1041717 |
|---|---|
| Price | $2,850,000 |
| Square Footage | 7,066 |
| Acres | 0.23 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information: Ladysmith
| Address | 640 1st Ave |
|---|---|
| Area | Du Ladysmith |
| City | Ladysmith |
| County | Ladysmith, Town of |
| Province | BC |
| Postal Code | V9G 1A2 |
Amenities of 640 1st Ave
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior of 640 1st Ave
| Fireplace | No |
|---|
Additional Information On 640 1st Ave
| Date Listed | June 25th, 2026 |
|---|---|
| Days on Market | 75 |
| Office | RE/MAX Masters Realty |
| Zoning | C-2 |