Development Opportunity! Two separate lots with R4-B zoning, allowing for multi-residential, daycare, and other fantastic uses. The latest Official Community Plan (OCP) envisions mid to high-rise developments (5 to 8 storeys) in this area, presenting incredible current and future potential. Whether you're looking for a rental investment, development opportunity with a current revenue generating asset or a new place to call home. This 3-bedroom, 1-bathroom rancher in Downtown Courtenay features a 6-foot partial basement and is ready for your vision!