640 1st Ave, Ladysmith
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:1945)
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Property details for 640 1st Ave, Ladysmith
- Type
- Commercial
- Lot Size
- 10048
- Ownership
- Freehold
- Annual Taxes
- $34,009
Nearby Listings Stat
Estimated price and comparable properties near 640 1st Ave
Active Listings
68
Min Price
$229,900
Max Price
$2,850,000
Avg Price
$854,946
Days on Market
76
days
Sold Listings
21
Min Sold Price
$270,000
Max Sold Price
$1,570,000
Avg Sold Price
$700,433
Days until Sold
100
days
Price History
Listed
June 26, 2026
by RE/MAX Masters Realty
Current Price
$2,850,000
-5% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $2,850,000 | $150,000 (-5%) |
| Jun 27, 2026 | $3,000,000 | Listed |
