1201 Christie Road, Ladysmith, BC
- Large site offering scale development efficiencies
- Opportunity to build rental or condo in a supply constrained market
- Affordable going-in land price
- Growing demand for quality housing exists, with limited existing supply
- The location is strategic within Vancouver Island’s broader urban network
- Community plans support sustainable growth and economic diversification
- Reports completed include environmental, geotechnical, arborist, landscape, survey, traffic study and more (Contact listing agents for data room access)
- Significant on-site infrastructure completed including geotech slope stabilization, sewer main and water at the lot line
Property Description
Avison Young is pleased to offer for sale a 4.72-acre residential development site fronting Island Highway in Ladysmith, BC. Ladysmith sits between the two largest urban centres on Vancouver Island, about 23 km south of Nanaimo and within easy reach of Victoria, which gives developers access to broader labour pools, renters and buyers. It’s also near major transportation routes including the Island Highway, ferries and the Nanaimo Airport. Residential demand in Ladysmith has significantly increased as people seek lifestyle, affordability and community amenities. The market is underserved for rental and ownership, specifically for apartments and multi-family spaces. This offering presents a developer with an affordable land acquisition to build more than 135,000 square feet of apartments or ~130 units (0.66 FSR) in a supply constrained growth market on profitable metrics.
Broker Details
Avison Young +1 604 757 1115
Broker Details
Avison Young 604-647-1352
Broker Details
Avison Young +1 604 647 5089
Broker Details
Avison Young +1 604 260 1873
Broker Details
Avison Young 604-646-8389
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,599,999 |
| Lot Size: | 4.72 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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