Presenting a prime investment opportunity or the perfect home for the growing family, this well-priced 2,305 sqft property is situated on a low-maintenance, 0.13-acre lot, located in a convenient South Nanaimo neighborhood. Close to Vancouver Island University, shopping, transit, and recreation, residents will enjoy easy access to everything needed for a well-rounded lifestyle. Built in 2016, this residence offers five bedrooms and three bathrooms, including a legal two-bedroom ground-level suite, providing versatility and functionality for homeowners and investors alike. The suite is thoughtfully designed with a private entrance and separate laundry facilities, making it an excellent rental income source or a perfect space for extended family members, while three bedrooms and two bathrooms upstairs cater to both families and investors looking for another income stream. Designed for modern living, the open-concept layout upstairs enhances the feeling of spaciousness and connection, seamlessly integrating the living and dining areas with a bright, well-appointed kitchen with a gas fireplace providing a striking focal point, and adding warmth and ambiance for cozy evenings at home. The primary bedroom, with an ensuite and a walk-in closet, offers a retreat after a long day and is just down the hall from two further bedrooms in this family-friendly layout. Outdoor living is equally inviting, with a balcony upstairs and a covered patio on the ground level perfect for entertaining, while the garage provides ample storage and secure parking options. With its prime location, income-generating potential, and attractive price, this home is an unmissable opportunity for discerning buyers. Whether you're looking to invest or settle into a comfortable space, this property delivers great value and convenience. Act now to make it yours! Data and measurements have been provided by VI Standards, BC Assessment, and the Property Report, and should be verified if important.