- Active
128 Rollie Rose Drive
Ladysmith · Vacant Land
- Lot size
- 20,473 ft²
Listed by Sotheby's International Realty Canada (Vic2) · MLS® 1040287
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Sign inAbout this home
Attention Developers. This is a 0.47-acre lot in an exceptional location with significant potential for development or as a holding property and maturing asset. The multi-family zoning will allow for seven townhomes, the development permit is in place, and the site is relatively flat with a small treed area at the back of the parcel. There is opportunity to partner with the current owner to complete the civil earthwork and servicing. This is centrally located in Ladysmith, with exceptional schools, parks, and minutes to the ocean. Holland Creek Estates is celebrated for its dedication to environmental preservation and the integration of natural beauty throughout the community. Outdoor lovers will appreciate immediate access to scenic trail networks, including the well-known Holland Creek Trail and the more rugged Heart Lake Trail. Come have a look and see what real potential looks like.
Home facts
- Lot size
- 20,473 sq ft
- Property type
- Vacant Land
- Area
- Ladysmith
- Listed
- June 12, 2026
- PID
- 030-477-620
- Common interest
- Freehold
Features and inclusions
- Lot
- Central location, Park setting, Wooded area, Other, Marine Oriented
Rooms and building
- Water
- Zoning
- Multi-Family
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (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.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $5,925
- Property tax
- $367/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,441
Purchase snapshot
- List price
- $1,250,000
- Down payment
- $250,000 (20%)
- Estimated mortgage
- $1,000,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $7,912
- At 6.3292 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $812 a month
- Gross yield
- 0.8%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 52%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.