Incredible investment opportunity just two blocks from Nanaimo SkyTrain Station. Located in a fast-growing, transit-oriented area, this property offers strong holding and redevelopment potential. Zoned R1-1, it can allow for up to 4 dwelling units and is designated in the Vancouver Official Development Plan for future mid- to high-rise development. Recent updates include roof, washer, dryer, stove, microwave, and bathtub in 2021, plus a new hot water tank in 2025. Previously rented for $2,800/month (until March 2026), it offers solid income while you plan your next move. Ideal for investors, builders, or long-term holders seeking upside. Book your showings today!