Looking for a smart investment or the perfect place to call home with added income potential? Welcome to 75 5th Street, a hidden gem tucked beside a tranquil stream and peaceful parkland in South Nanaimo—just minutes from VIU, shopping, and transit routes. Upstairs, you'll find 3 comfortable bedrooms, with an option for a 4th bedroom down, and a newly updated back deck that offers views of the adjacent park and creek—a perfect spot to relax. Downstairs features laundry and plenty of storage, along with a bright and updated 1-bedroom unauthorized suite complete with a kitchen and private entrance—ideal for extended family or rental income. The low-maintenance yard adds to the home’s appeal, making it a great choice for busy homeowners or hands-off investors. Whether you're looking to live, rent, or a bit of both—this property checks all the boxes. Don’t miss your chance to own a home where nature meets convenience.