Charming 1935 Character Home with Income & Development Potential! This updated home sits on one of two legally subdivided lots, offering historic charm, modern upgrades, and future development opportunities. Enjoy sweeping views of the Alberni Inlet, Beaufort Range, and Mount Arrowsmith. Positioned on a corner with two alleyways, it provides multiple access points and off-street parking. The home features a renovated in-law suite with new appliances and separate entrances—ideal for rental income or extended family. Upgrades include gas on-demand hot water, separate heat pumps, 200 Amp service with 100 Amp panels per suite. The full-height basement is ready to be finished into a third suite. Located just blocks from amenities and the new Harbour Quay–Victoria Quay path, this property is a rare find with flexibility for investors, developers, or multigenerational living.