ATTENTION INVESTORS & DEVELOPERS!! An incredible opportunity awaits with this 13,651 sqft property in a prime North Nanaimo location. Currently zoned R1, there is potential to rezone to R6 (buyer to verify). The current R6 Low Density Residential zoning will allow for a mixture of low density townhouse-style multi-family developments. There is currently a 4 bedroom, 2 bathroom home on the property with unauthorized 2 bedroom suite. The main floor features a spacious living room with wood burning fireplace, dining room with access to the back deck and an updated kitchen with matching stainless steel appliances. A sizeable Primary bedroom, second bedroom and updated 4-piece bath complete the main floor. The lower floor boasts the 2 bedroom suite with it's own separate laundry, and access through the garage. Located on major bike route, bus route, walking distance to Pleasant Valley Elementary School, Superstore, Home Depot, restaurants and all other amenities. All measurements are approx