Affordable freehold ownership in Cedar! Situated on a fully fenced 0.28-acre corner lot at the intersection of Yellow Point Rd and Gould Rd, this deregistered manufactured home presents an excellent opportunity for first-time buyers, investors, downsizers, or anyone looking to own land at an accessible price point within Nanaimo city limits. The home offers 2 bedrooms, 1 bathroom, and a functional layout with several updates completed over the years including laminate flooring, vinyl windows, and a forced-air furnace. While the home could benefit from cosmetic updating and improvements, it remains functional and liveable, allowing buyers the opportunity to update and add value over time at their own pace. Outside, the large fully fenced yard provides plenty of usable space for pets, children, gardening, parking, or outdoor enjoyment. The corner lot configuration adds flexibility and appeal, while the RS2 zoning may offer future potential for buyers to explore with the City of Nanaimo. There is ample room for storage, recreational vehicles, or simply enjoying the privacy and outdoor space that is increasingly difficult to find at this price point. Located on a bus route and close to schools, shopping, parks, and Cedar amenities, this property combines affordability, land ownership, and future potential in one package. Whether you are entering the market, looking for an investment property, or searching for a project with upside, this property is well worth a look. Measurements are approximate and should be verified if important.