Eight and a half acres of residential development land in the Town of Ladysmith, forming the balance of the established Thetis Drive subdivision. Much of the heavy lifting is complete. A paved and curbed road runs into the site, the watercourse crossing is built, ditching and culverting is done, and full municipal services are available including water, sewer, storm drainage, hydro, natural gas, telephone and cable. The land was previously cleared, is lightly treed, and slopes gently west to east with a level central bench. A concept for the property contemplates approximately 24 lots of about 0.33 acres each, subject to Town approval. At that size, provincial Bill 44 legislation allows up to four dwelling units per lot, a density that is uncommon among the lots available today. Zoned R1. Minutes to the Trans Canada Highway, midway between Nanaimo and Duncan. Buyer to confirm zoning, density, servicing and lot yield with the Town of Ladysmith. Measurements approximate.
Listed by eXp Realty (NA) and REMAX Professionals (NA)
Data was last updated September 11, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
176
Avg list price:
$789,850
Min list price:
$139,900
Max list price:
$4,399,900
Avg days on market:
67
Min days on market:
1
Max days on market:
1,064
Avg price per sq.ft.:
$413.18
These statistics are generated based on the current listing's property type
and located in
Du Ladysmith. Average values are
derived using median calculations. This data is not produced by
the MLS® system.