Welcome to 565 Nova Street in the heart of South Nanaimo. A well established neighbourhood offering convenience, community, and strong investment potential. This 5-bedroom, 3-bathroom home with a fully self-contained basement suite is situated on a desirable corner lot with R5 zoning, presenting an excellent opportunity for investors or homeowners looking for a mortgage helper. The home features a well-designed 2 bedroom 1 bath lower-level suite with its own access, making it ideal for rental income or extended family. Upstairs offers a bright and functional 3-bedroom, 2-bathroom layout, including a 2-piece ensuite and a full 4-piece main bath. Comfort is covered with a heat pump and ductless splits serving the entire home, while a gas fireplace adds additional warmth and ambience upstairs. Double-pane windows are installed throughout for efficiency. A unique feature of this property is the double garage configuration. One side provides access to the suite, while the other is separated and currently used as secure storage with its own exterior entry. Located just minutes from the newly upgraded Sherry Fields, John Barsby Secondary School, and within walking distance to Quality Foods, this home offers easy access to everyday amenities. You're also close to Vancouver Island University and the popular Colliery Dam Park, featuring off-leash dog areas, biking trails, and scenic walking paths. Whether you're looking to invest, hold, or move in and enjoy the benefits of rental income, this property checks all the boxes (Measurements approximate, verify if fundamental).