Positioned on a generous 6,765 sq.ft. corner lot w/ rear lane access, this property offers immediate rental appeal & strong future development potential in central Nanaimo. Zoned R5, this property is an excellent hold, renovate, rent, or redevelopment opportunity for small builders, investors, and land-focused buyers looking for upside. The existing 1,357 sq.ft. home features 3 bdrms, 1 bthm, a functional single-level layout, spacious living rm, defined dining area, laundry room, and practical kitchen w/ newer appliances. Recent updates include newer appliances and toilet, while the home retains solid original character with bright interior spaces, laminate flooring, and a large usable yard. The detached shed, corner exposure, and back alley access add flexibility for future planning. Located near schools, and everyday amenities, this is a strategic property in a growing area. All measurements are approximate, to verify if important.