An exceptional offering in the heart of Nanaimo — this fully renovated rancher with a carriage home (unauthorized) sits on a 0.34-acre lot (almost 15,000 sq.ft.), with the adjacent 1656/1658 Mallard property also listed, creating a rare combined land assembly of 25,000 sq.ft. on a fantastic street. The main home features 2 bedrooms and 1 bathroom, thoughtfully updated throughout, while the self-contained 1-bedroom carriage home adds additional living space and income. Set amid gardens and greenery with a sunny patio, the property combines charm, functionality, and prime location — just minutes from grocery stores, restaurants, schools, transit, Beban Park, and BC Ferries. Currently tenanted with strong month-to-month renters, the main home generates $1,800/month and the carriage home $1,200/month, ensuring steady income while you explore future options. Situated within a designated Urban Corridor, this property offers significant multifamily redevelopment potential (buyer to verify with City of Nanaimo). ? A unique chance to secure income today and capitalize on future growth in Central Nanaimo.