Embrace coastal character & long-term versatility in the historic Newcastle neighbourhood Framed by Ginkgo & 90-yr-old Copper Beech trees, this 1937 residence blends vintage craftsmanship w/ complete modern mechanics. Main living offers refinished hdwd floors, an electric f/p with original 1930s mantle, coved ceilings, original cast iron soaker tub, stone counters, 3 beds + den, & 3 baths. System updates incl gas furnace, heat pump/AC, Rinnai on-demand HW, & 100% code-passed electrical & plumbing. Downstairs features a legal 2 bed, 1 bath suite w/ private entry & dedicated laundry for strong rental income or extended family. The 11,616 sq ft corner lot boasts a detached shop w/ subpanel, deer-proof garden, fire pit area, RV/boat pkg, & flexible R8 zoning w/ subdivision or coach house potential. Stroll to Maffeo Sutton Park, the seawall, Nanaimo Yacht Club, Hullo Ferry shuttle & downtown dining. A rare sanctuary combining heritage warmth, modern comfort, & practical long-term value.