2630 Labieux Road presents a unique institutional and investment opportunity situated on a 21,205 SF site in Nanaimo, BC. The property is improved with a 10,316 SF, two-storey building currently configured as a 19-bed addictions treatment and recovery facility, offering specialized improvements and infrastructure well suited to treatment, supportive housing and other community-serving uses. The property is zoned CS1 (Community Service One) and benefits from approximately 149 feet of frontage along Labieux Road, a level site, municipal servicing and established institutional improvements. In addition to the existing use and income stream, the property offers meaningful long-term upside, with the accompanying appraisal identifying potential for residential redevelopment through R6 Townhouse Residential or R7 Row House Residential zoning, subject to rezoning and applicable municipal approvals. The combination of an existing specialized facility, income-producing potential and underlying redevelopment opportunity creates multiple potential strategies for both owner-users and investors.