640 1st Avenue
Ladysmith · V9G1A2
$16,167/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Ladysmith · V9G1A2
$16,167/mo

Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
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
10,048 ft²
Lot size
$34,009/yr
Gross tax
Other
Type
Ladysmith
Area
Listed
June 26, 2026
Structure
Commercial Mix
PID
005-122-929
Property highlights
Pool
Features & inclusions
Lot
Central location, Other
Common interest
Freehold
Nearby & Commute
6 min
walk to Country Grocer
1h 31m
bike to Duke Point (Foot Access)
5h 4m
walk to Duke Point (Foot Access)
2h 25m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 44%
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$16,167
Principal and interest
Calculated estimate
$13,183
Property tax
Listing data
$2,834/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,850,000
Down payment
Calculated estimate
$570,000 (20%)
Estimated mortgage
Calculated estimate
$2,280,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Tax from listing
Est. monthly total
$16,167
/mo
Rate
%
Amortization
Principal and interest
$13,183
Property tax
$2,834
P&I
Tax
Down payment
$570,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $570,000 down (20%) on $2,850,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
| Detached | 40 | 44.4% |
| Land | 22 | 24.4% |
| Townhouse | 13 | 14.4% |
| Condo / Apartment | 6 | 6.7% |
| Mobile home | 4 | 4.4% |
| Other | 5 | 5.6% |
| Under $5,000 | 10 | 3.8% |
| $10,000 to $14,999 | 5 | 1.9% |
| $15,000 to $19,999 | 10 | 3.8% |
| $20,000 to $24,999 | 25 | 9.4% |
| $25,000 to $29,999 | 10 | 3.8% |
| $30,000 to $34,999 | 10 | 3.8% |
| $35,000 to $39,999 | 10 | 3.8% |
| $40,000 to $44,999 | 10 | 3.8% |
| $45,000 to $49,999 | 20 | 7.5% |
| $50,000 to $59,999 | 25 | 9.4% |
| $60,000 to $69,999 | 25 | 9.4% |
| $70,000 to $79,999 | 15 | 5.7% |
| $80,000 to $89,999 | 20 | 7.5% |
| $90,000 to $99,999 | 15 | 5.7% |
| $100,000 to $124,999 | 25 | 9.4% |
| $125,000 to $149,999 | 15 | 5.7% |
| $150,000 to $199,999 | 10 | 3.8% |
| $200,000 and over | 5 | 1.9% |
$2,987,000
4718/4720 Shell Beach Road
Ladysmith · Residential
6 bd
5 ba
2,033 sqft
$1,469/sqft
Built 1992
MLS® 1039904
Royal LePage Nanaimo Realty LD
$2,999,999
4744 Brenton Page Road
Ladysmith · Residential
4 bd
3 ba
2,501 sqft
$1,200/sqft
Built 1946
MLS® 1040297
Royal LePage Nanaimo Realty LD
$2,800,000
11231 Chemainus Road
Ladysmith · Residential
4 bd
5 ba
2,840 sqft
$986/sqft
Built 1929
MLS® 1011627
Century 21 Harbour Realty Ltd.