Charming University District Home with Development Potential! Welcome to this adorable University District cutie located in the heart of Nanaimo, offering character, comfort, and incredible future potential. Set on a nearly 9,000 sqft flat lot, this property is zoned COR1 (Corridor)—allowing for residential, street-oriented, medium-density, and office development. Whether you're a homeowner looking for a charming space or an investor eyeing redevelopment, this home opens the door to a world of opportunity. The house offers just over 1,300 sqft of finished living space, featuring two bedrooms on the main floor, a cozy living room, a full bathroom, and an updated kitchen that blends functionality with style. Step inside and enjoy the timeless character of the 1950s architecture, complete with coved ceilings and classic crown mouldings that add warmth and nostalgia. The lower level is partially finished and includes a large, bright bedroom or office space with a newer spa-inspired bathroom, offering privacy and comfort for guests, teens, or a home office. In addition to the finished space, there is approximately 400 sqft of unfinished area with separate outside access—perfect for developing into a family room, workshop, or additional storage. This home has seen thoughtful upgrades throughout, including: Newer vinyl windows, 2022 high-efficiency gas furnace, 2025 hot water tank, 2025 dishwasher. Outside, the west-facing yard captures beautiful views of Mount Benson, creating a serene and sunny outdoor space ideal for relaxing or entertaining. Alley access provides added flexibility for off-street parking, future laneway development, or garden suite potential (buyer to verify with City). Don’t miss your chance to own a piece of Nanaimo’s evolving landscape. This is more than a home—it's a smart investment in a thriving neighborhood with schools, parks, transit, and shopping all nearby. Charming. Versatile. Full of potential. Make it yours today! (id:63267)