This 5-bedroom, 3-bathroom home sits on a spacious 0.50-acre lot in Courtenay’s growing neighborhood, offering ample room and endless possibilities for your family. Conveniently located close to schools, downtown shopping, box stores, and forested walking trails, this property combines suburban tranquility with easy access to urban amenities. Zoned R-SSMUH (Residential Small-Scale Multi-Unit Housing), this flat, mostly cleared property offers flexibility for possibly up to four dwelling units, such as additional units for extended family, subject to City of Courtenay approval and Development Permit requirements. The charming character home on the front third provides cozy living space while you work the property’s potential, and the expansive back two-thirds is perfect for a carriage house, workshop, or large play area. With city street access and touching on two city alley lanes (one along the side and one across the back), this property is ideally positioned for development. Buyers are encouraged to conduct due diligence with the City of Courtenay to confirm development options, making this a rare opportunity to craft a multi-generational property in an affordable neighborhood on the rise. Prime Location near Puntledge River and Downtown Core: Steps from schools, shopping, and scenic trails. Contact us today to schedule a showing!