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Investment signal

$350,000

424 Colonia Dr S

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Location

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About this home

Duplex Lot with Ocean Views & Spectacular Vistas! Fully engineered building lot with under ground services to the property line w some lots accommodating suites. Holland Creek Estates is a development w a focus on maintaining & accentuating the natural beauty of the area. With a focus on preserving the natural integrity, 42% of this project lands has been set aside for natural parkland, trails & creeks. Within a few steps you will find a multitude of trail systems including the Holland Creek Trail or for the more adventurous Heart Lake. Within close proximity to the local amenities that the charming Town of Ladysmith has to offer including Transfer Beach, Sports Plex & one can't forget the famous Cinnamon Buns' at the Old Town Bakery. Ladysmith gives you fast access to the Nanaimo Airport and BC Ferries and their connections to the world. All information should be verified if fundamental to purchase. Disclosure Statement available upon request. (id:65958)

Subtype: Vacant Land
Community: Holland Creek Estates
Common interest: Freehold
Lot size: 11,625 square feet
Lot dimensions: 11625
On market: Oct 13, 2023
Status changed: Apr 13, 2026
Annual tax: $2,526
Zoning: Residential
Photos: 4
MLS#: 946086
Area: LADYSMITH

Features and systems

Lot

Central locationOtherMarine Oriented

View

Mountain viewOcean view

Negative cash flow ~$733/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-12.57%

Cap rate

3.38%

GRM

16.7

Break-even rent

$2,522

Financing

Down payment$70,000

Loan amount$280,000

Mortgage$1,718/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$292

CapEx reserve$146

Vacancy loss$88

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ladysmith. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,718/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.