Practical opportunity awaits in South Nanaimo with this high-potential redevelopment lot or project home. Set back from the road, this level, easy-to-build-on property offers an ideal canvas for future development plans or hands-on project. The home features 2bd/1ba up and a 1bd/1ba lower suite—perfect for holding income while you secure your development permits. Incredible practical utility is already in place with a large workshop/garage, shed, and RV parking, catering perfectly to trades, hobbies, or storage. Located in a high-demand rental area, the location ensures effortless daily convenience close to VIU, schools, parks, transit, and downtown shops. Sold as-is, where-is, this property offers an exceptional long-term opportunity, allowing you to collect rent while finalizing your future vision.