1201 Christie Road, Ladysmith, BC

Investment Overview

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.

Investment Highlights

• 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