Positioned on a generous 6,765 sq.ft. corner lot with rear lane access, 710 Winchester Ave offers immediate rental appeal and strong future development potential in central Nanaimo. Zoned R5, this property is an excellent hold, renovate, rent, or redevelopment opportunity for small builders, investors, and land-focused buyers looking for upside. The existing 1,357 sq.ft. home features 3 bedrooms, 1 bathroom, a functional single-level layout, spacious living room, defined dining area, laundry room, and practical kitchen with newer appliances. Recent updates include newer appliances and toilet, while the home retains solid original character with bright interior spaces, laminate flooring, and a large usable yard. The detached shed, corner exposure, and back alley access add flexibility for future planning. Located near schools, Quality Foods, parks, transit, and everyday amenities, this is a strategic property in a growing area. Buy now, generate income, and explore the long-term multi-unit potential. All measurements are approximate, to verify if important.