Heating
Forced air (Gas)
INVESTMENT OPPORTUNITY — Sale subject to a minimum 10-year seller lease-back of the primary suite. Current combined rental income: $5,125/month, with tenants paying all utilities. Beautifully appointed custom-built bungalow with walkout basement offering 4 bedrooms, 4 bathrooms, stunning panoramic ocean views & a fully self-contained legal 1-bedroom suite. Fully tenanted & meticulously maintained, this exceptional property combines quality construction, upscale finishes & excellent income potential. INVESTMENT & REVENUE OPPORTUNITY A unique opportunity for investors, buyers or downsizers. Sale is subject to a minimum 10-year seller lease-back of the primary suite, providing a committed long-term tenancy. The legal secondary suite is also currently tenanted. Combined rental income is $5,125/month, with tenants paying all utilities. Buyers may also consider occupying the secondary suite while benefiting from $3,200/month rental income from the primary suite. Tenants look after routine yard care, and the seller who will remain in the primary suite is a Red Seal tradesperson with extensive home-maintenance experience—an added benefit for out-of-town or hands-off investors seeking capable, established long-term tenants. The bright open-concept main level features a chef-inspired kitchen with quartz countertops, large island, high-end appliances, built-in microwave/convection oven/air fryer, 7½' walk-in pantry & custom Alder cabinetry. Expansive 7'3" patio doors open to a covered engineered deck showcasing spectacular panoramic ocean views, outdoor granite kitchen, Lion NG BBQ, 6-person hot tub, skylights, ceiling fan, dimmable lighting & privacy blinds. The primary suite offers a walk-in closet & spa-inspired ensuite featuring an extra-large tiled curbless walk-in shower with dual shower heads plus telephone showerhead & double sinks. Main-floor laundry, powder room, power blinds & stairs-free access from the front entrance & insulated double garage add convenience & accessibility. The walkout lower level includes two additional bedrooms, 4-piece bathroom & utility room. The self-contained legal 1-bedroom suite features stainless steel appliances, granite countertops, 4-piece bathroom, full-sized laundry, private entrance, 25½' x 10' covered deck, off-street parking & separately fenced yard. Fully soundproofed with its own heat pump for comfort & privacy. The beautifully landscaped, fully fenced property features established flower gardens & fire pit area showcased in the Rotary Club’s Garden Tour. Additional features include a high-efficiency gas furnace, central air, monitored security/fire alarm system & illuminated exposed-concrete driveway. HIGHLIGHTS • Spectacular panoramic ocean views • 4 bedrooms / 4 bathrooms • Self-contained legal 1-bedroom suite • Chef-inspired kitchen & 7½' pantry • Covered ocean-view deck • Outdoor granite kitchen & Lion NG BBQ • 6-person hot tub • Spa-inspired ensuite with extra-large curbless walk-in shower • Stairs-free main-floor access • Fully landscaped & fenced • Insulated double garage • High-efficiency gas furnace & central air • $5,125/month combined rental income; tenants pay all utilities • Minimum 10-year seller lease-back of primary suite Located in beautiful Ladysmith on Vancouver Island, close to historic downtown, waterfront, shops, cafes & year-round recreation. Suite available for viewing on second showings only. BOOK YOUR PERSONAL TOUR TODAY! All measurements are approximate & should be verified if important. No solicitation please.
