Opportunity knocks! Just steps from Vancouver Island University, this COR1-zoned property offers huge potential for redevelopment. The Planning Department of the City of Nanaimo has indicated that a single-family home with a suite and a carriage house would be permitted on this lot. The flat lot also supports uses like daycare or office space. While the current home may need significant work, the location and land value make this a standout investment. Priced well below assessed value—don’t miss this chance to capitalize on a prime, centrally located lot. Bring your ideas, your clients, and your offers! Data is approximate; verify if integral.