CENTRAL NANAIMO INVESTMENT & DEVELOPMENT OPPORTUNITY! A rare chance to acquire a combined .35-acre property featuring a 2,345 sq ft home plus an adjoining R5-zoned development lot. The existing home offers excellent value-add potential with hardwood floors, bright living room with tile-surround FP, dining room, kitchen with rear deck access, 3 beds & family bath on the main. The partially finished lower level has a separate entrance, mudroom, laundry, rec room, studio/hobby space, additional bed & 3-pc bath, offering potential to explore a secondary suite. Mature landscaping provides privacy, while the adjoining R5 lot creates exciting possibilities for future development, with zoning allowing up to 4 units. An appealing opportunity to renovate, hold, generate future income or explore redevelopment in a convenient location near the hospital, shopping, schools, parks & transit. Home also available separately under MLS® 1049126. Meas. approx.