1201/1251 Christie Rd , Town of Ladysmith BC

Sale $2,200,000.00  | 
Listing # 413368  |  UIDU - Zone 03 - Duncan
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Office Listing:

Sean Janzer  |  Sean Burns, Owner/Manager

Devin Bhandar

Devin Bhandar

Sales Representative

Phone: 250.477.5353
Mobile: 250.508.8948

DevinBhandar@royallepagecommercial.com
www.DevinBhandar.realtor

Royal LePage Coast Capital Realty, Brokerage (Independently owned and operated)

Brokerage

110 - 4460 CHATTERTON WAY
Victoria,  BC V8X5J2

Remarks:

**New Price** Development site in close proximity to Ladysmith’s town centre. 1201/ 1251 Christie Rd totals 4.7 acres, with 3 road frontages - all zoned for multi-family. There is a development permit issued for 66 townhouse units plus additional duplex lot. Existing site layout gives a ~cost per buildable ft2 at just over $21 – lots of room for builder’s profit. Build to existing plans or approach Ladysmith for further densification / rezoning. Apartments? Senior living facilities? Ocean views may be possible at certain heights with selective tree removal. With almost 445 feet of frontage on the Trans-Canada highway, the savvy buyer will have many different opportunities to monetize. VTB is possible for the right buyer, as is a share purchase to eliminate PTT.

Vacant Land

Neighbourhood: Z03 Ladysmith
Annual Tax Amount: $1.00 (2019)
Lot Size: 4.73 Acres

Property Features:

Agent Information: Vacant
Services: See Remarks