Incredible Investment Opportunity to purchase two legal lots in the coveted University District of Nanaimo. Perfect situation for a multi generational family or someone who wants to generate income immediately while building next door. With the zoning and flexible development options with the City of Nanaimo these properties are only limited by your imagination. Live in the existing mid century modern home featuring 4 bedrooms, 2 bathrooms, and a main level entry with a walk-out basement that offers suite potential while you build your dream home on the lot next door. Once your cosmetic updates are completed the existing home becomes the perfect family home as it has been since it was first built or a great rental income property. Located just five minutes from downtown, and a short stroll to recreation, shopping, transit and all levels of schools including VIU. Buyer to verify zoning and development potential. Measurements approximate, please verify if important.