Diamond in the Rough- Discover the investment/ development potential in this 2-bedroom, 1 bathroom 874 sqft rancher nestled on a spacious 0.22-acre lot in Nanaimo's gateway area. This property has been partially remodelled with drywall and new insulation throughout. A new roof was installed in 2010 with a 25 yr warranty. A little bit of TLC will revitalize the serene backyard oasis which includes a tranquil pond, multiple sitting areas, a cute bridge over a small man made stream. Mature Bing Cherry Tree and Bartlett Pear trees offer fresh fruit and shade along with Black Currant bushes and Black Berry vines for your own berry supply! The detached workshop with newer roof shingles offers possibilities for hobbies or renovation projects, making it an excellent choice for first-time buyers or savvy investors.  Paved lane access at the rear allows for RV parking on a property that additionally holds development potential for a carriage house addition or rezoning for a multi-family development (buyer to verify with City of Nanaimo). Ideally situated on a quiet street, you'll enjoy central convenience with all amenities just moments away—whether by foot or a short drive. Don't miss this incredible opportunity to create something truly special!