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$809,500

117 Kitchener St

Ladysmith · MLS® 1040599

2 bed · 1 bath · 821 sq ft · 7,200 sq ft lot · 4 parking

House · Single Family · built 1901 · 111 days on market

Listed by Mitchel Doherty, Royal LePage Nanaimo Realty LD

Rare downtown Ladysmith opportunity at 117 Kitchener St! This level 7,200 sqft C2 lot offers an incredible live-work setup or investment. The property features an updated 2-bedroom home alongside a 22'x19' commercial building. The house is move-in ready with a new metal roof, updated plumbing, wiring, paint, and flooring. Both buildings conveniently have separate hydro meters. The true value lies in the Downtown Commercial zoning, designed to accommodate a broad range of uses like retail, restaurants, offices, and tourist accommodation. Town bylaws permit up to 100% parcel coverage and building heights up to 18.0 metres, providing a massive canvas for future multi-story redevelopment. With easy access and a central location near shopping, it is an investor or developer's dream. Don't miss out on this exceptionally versatile gem!

Type: House, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 821 sq ft
Lot: 7,200 sq ft
Parking: 4
Year built: 1901
Property tax: $3,332 / yr
Days on market: 111
MLS®: 1040599

Price per sq ft: $986 vs $430 median for houses in Ladysmith for sale (82)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Level lot
Other
Rectangular
Marine Oriented
Washer

On market 111 days

$3,805/mo

Mortgage $3,527 · Tax $278

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,527/ monthly

loan $647,600

25-year amortization

down payment20% · $161,90020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 6, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $410,474
property transfer tax: $14,190; BC general rate
cash to close: $176,090; down + PTT
total paid: $1,058,074

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

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