This is an exceptional 48-acre peninsula on Quennell Lake with over 5,000 ft of pristine shoreline offering a feeling of a secluded island, yet easily accessible by car. Located within the Nanaimo Airport Aerodrome, with seaplane access just 20 minutes to Vancouver. This legacy property has a stunning natural setting, alive with birds & wildlife, and offers endless recreation including water sports & fishing on one of Canada's top 10 bass fishing lakes, also rich with trout. The property is ready for horses and cattle, with a barn, paddocks, pasture & a covered arena. The 3 bedroom 3,658 sq ft home captures breathtaking lake & sunset views with a large partially covered deck for year round enjoyment. A 2- bed, 2 bath cottage offers guest or income potential. Split zoning allows a multitude of uses & future development potential (buyer to verify). Includes separately titled 5-acre parcel. Currently has farm status from hay & cattle production. GST applicable. Buyers to do due diligence.