Thetis Drive Lot 2 Map

SITE 2

Development Site 2 as proposed, consists of +/- 9.94 acres and is zoned R1, which will allow for up to 132 units.* It has road access from Site 1 to Site 3. Includes harbour views and services to the lot line.

Price: $5,900,000

Lot 2 Details

The subject property is zoned R-1 (Single Dwelling Residential Zone) by the Town of Ladysmith, which permits single unit dwellings, secondary suites, home based business, urban agriculture, and bed and breakfast. As per Bill 44, this will allow for up to 132 Units.

SERVICES

The site has available servicing of:

• Paved roads to lot line
• Municipal water
• Municipal sewer
• Telephone, hydro & cable
• Internet service
• Storm drainage
• Fire & police protection
• Street lighting to lot line
• Natural gas
• Sidewalks to lot line
• Bus service

BILL 44

How Does Bill 44 Impact This Project?

• It permits one secondary suite or one accessory dwelling unit in all communities in B.C.

• It requires bylaws in municipalities, with more than 5,000 people and within an urban containment boundary, to allow for four units on lots greater than 280 square metre lots zoned for single-family or duplex use.

• By June 2024, local governments are required to update their bylaws to accommodate SSMUH (Small -Scale, Multi-Unit Housing) requirements.