Great Investment/Holding Opportunity. R15 zoning allows multifamily development, home based business, rooming house & more. 8900 sqft lot w potential for development. Built in 1925, Just 3 blocks from dt Nanaimo, this historic home is full of potential. A 6 Bd|3 Ba|3 Kit home w a partially finished attic space & unfinished basement creating a blank canvas. The main living area is bathed in natural light from 7ft high bay windows. The 2nd features a kitchenette, 1 ba, & 4 bds, perfect for extended family or additional rental income, along with stunning Coastal and Mountain views. The attic has been updated w new insulation & a plywood floor, complete w skylights that add to the home's classic appeal. There is also a separate 1 bed suite that has a great tenant, perfect as an income helper. Updated electrical and roof, plus foundation reinforcement this home is primed for its next chapter. Don’t miss this opportunity to own in one of the fastest growing cities!