128 Rollie Rose Dr
Ladysmith, BC V9G1T7
$1,250,000
Property Details
Property & Lot
- Lot size
- 20,473 square feet
- Zoning
- Multi-Family
R-3-A
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,149
Interior
- Fireplace
- None
Listing Information
- MLS®
- 1040287
- Listed
- June 12, 2026
- Time on market
- On the market for 80 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada (Vic2) · Data source: CREA DDF.
Description
Attention Developers. This is a 0.47-acre lot in an exceptional location with significant potential for development or as a holding property and maturing asset. The multi-family zoning will allow for seven townhomes, the development permit is in place, and the site is relatively flat with a small treed area at the back of the parcel. There is opportunity to partner with the current owner to complete the civil earthwork and servicing. This is centrally located in Ladysmith, with exceptional schools, parks, and minutes to the ocean. Holland Creek Estates is celebrated for its dedication to environmental preservation and the integration of natural beauty throughout the community. Outdoor lovers will appreciate immediate access to scenic trail networks, including the well-known Holland Creek Trail and the more rugged Heart Lake Trail. Come have a look and see what real potential looks like. (id:63159)
Location Insights
Weather
Nearest station: Nanaimo
10°C
Mainly Sunny
Humidity 99%
Wind N 2 km/h
Today
21°
Tonight
14°
Wednesday
16°
Wednesday night
12°
Thursday
16°
Thursday night
11°
Source: Environment and Climate Change Canada.
Population
8,990
(2021 Census)
+5.3% since 2016
Density: 746.7/km²
Dwellings: 4,079
Median household income: $81,000
After-tax: $72,500
Immigrant population: 12.7%
Top countries of origin (% of total population)
- United Kingdom4.9% · 440
- United States of America1.3% · 120
- Germany0.7% · 65
- Netherlands0.5% · 45
- Poland0.3% · 25
- South Africa, Republic of0.3% · 25
- India0.3% · 25
- Mexico0.2% · 20
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
22
6/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Ladysmith Primary | Elementary | 1.6 km |
| Ladysmith Secondary | Secondary | 1.8 km |
| Ladysmith Intermediate | Elementary | 2.0 km |
| Stz'uminus Senior Secondary(Independent) | Secondary | 3.3 km |
| Chemainus Elementary Community School | Elementary | 7.9 km |
| North Oyster Elementary | Elementary | 7.9 km |
| Chemainus Secondary | K-12 | 8.4 km |
| Thetis Island Elementary | Elementary | 9.4 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (1)
- Sushi Wara632 m
Cafes (1)
- Starbucks545 m
Grocery (1)
- Save-On-Foods571 m
Parks (1)
- Holland Creek Park640 m
Shopping (1)
- Coronation Mall · 370 Davis Road549 m
Pharmacies (1)
- IDA Drug · 370 Trans-Canada Highway575 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($100,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.