Located in the heart of Nanaimo, here is well-maintained property offering a charming 2 bedroom home upstairs, with a legal 1-bedroom suite on the lower level. The main level features original oak hardwood flooring, a spacious living room with a wood fireplace, a generous kitchen with solid wood cabinetry, two well-proportioned bedrooms, and 4-piece bathroom. Downstairs you'll find the shared laundry area, a large storage and utility room. The legal suite has a nice sized bedroom, two generous storage spaces, and an open plan kitchen and living area. Significant upgrades have been completed, including a newer furnace and heat pump, updated perimeter drains, roof, vinyl windows, and other key improvements, providing peace of mind for future owners. Zoned COR1, offering flexibility for a variety of residential and commercial uses upon redevelopment, this property presents an excellent opportunity for first time buyers, investors or developers.