Attention Investors! This fully useable flat 6510 Sqft lot with two road frontages is ripe for redevelopment with a variety of options and water, sewer and natural gas available. It is currently bringing in $2875/month to offset costs while planning your development in central Nanaimo. This rancher home has 3 beds, 2 bath, laundry room, sunroom, forced air natural gas furnace, a separate 1 bed, 1 bath suite ( can be connected easily ) and a 5'9" 478sqft basement for additional storage. Recent updates include new floors, paint, bathroom and lights. Roof is approximately 10-15 years old. Plenty of parking off both roads for cars or RV. Additional room to build a shop with access off Eberts Street. Within 3-10 minutes you have Nanaimo Hospital, Vancouver Island University, Departure Bay Beach/Ferries, Harbor Air Seaplane, Grocery stores, Sylana Park, Bowen Park, Aquatic center, Long Lake, Westwood Lake, Nanaimo Theatre. All measurements are approximate and should be verified if important.