**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.
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