Prime opportunity with R1-1 zoning. Excellent development potential! This CORNER property offers LANEWAY access, adding significant versatility & future value. Conveniently located near SkyTrain station, schools, parks, shopping, restaurants. Ideal for those seeking a high-potential investment or rebuilding opportunity. Mountain views from front and back of the lot. 1.5 blocks from Nanaimo Skytrain (4 min walk) and BC Parkway Bike Path. School catchment area: John Norquay Elementary (2 min drive/13 min walk), Gladstone Secondary (2 min drive/6 min walk), General Brock Park (5 min walk) and Trout Lake Park (10 min walk), T&T Supermarket (10 min walk/2 min drive), No oil tank found on property, certificate in attachments. Do not walk property and disturb owner.