A rare development opportunity in the heart of Nanaimo. Situated on a combined 13,160 sq.ft. across two separately titled lots, both zoned R5, this property offers excellent future potential for multi-unit development or investment opportunities. One lot currently features a 788 sq.ft. home, while the adjoining lot is vacant land, creating a unique opportunity for immediate use, holding income, or future redevelopment flexibility. The property also benefits from valuable lane access along the side and rear, providing additional options for site planning, parking access, or future development design. Located in a highly walkable area close to downtown Nanaimo, the waterfront, shopping, restaurants, and everyday amenities, the property is also conveniently near public transit. Buyers are encouraged to verify with the City of Nanaimo. Measurements are approximate and should be verified if important. (id:60457)