516 First Ave: property in Ladysmith, Ladysmith
Sold · January 9, 2026

516 First Ave, Ladysmith

Built 1906 · Ladysmith
Listed at  $850,000
🔒 Sold price: free with sign-in

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*Nanaimo's top-selling real estate agent based on cumulative MLS® sales from 1992 to 2026. Sold data available to registered users under VOW terms.

Sale history for 516 First Ave

Most recent MLS® sale for this address.
DateEventPriceDays on market
January 9, 2026Sold🔒 Sign in to view183 days

About this property

Prime Mixed-Use Property in Downtown Ladysmith! This renovated property offers commercial & residential space, with 3 civic addresses & high visibility next to a popular bakery. Almost 900 sq ft of commercial space, including a reception area, boardroom, 3 offices, common areas & dual front doors provide ease for potential division. New exterior tile & paint. Upstairs, a renovated 2 bdrm suite perfect for owners or rental. Updates include drywall, plumbing, electrical, insulation, stainless steel appliances, and vinyl plank flooring. Private backyard with new concrete patio and privacy fence. Detached garage and workshop accessible via the rear alley, for storage or additional revenue options. Walking distance to beach & the best spot to view the annual Ladysmith Light Up Parade. Airport is 10 minutes, Vancouver float planes and ferries less than 30 minutes, making this a good spot for local and regional businesses. Bring your business and lifestyle vision to life in this community!

Recent sales in Ladysmith

Other recently sold homes near 516 First Ave — sale history and sold-price details on each page.

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