Looking to enter or invest in the Nanaimo market at an affordable price - do not miss this opportunity. This centrally located 700sqft single family detached home offers a variety of uses as a principal residence, investment, renovation project or development property. The home is situated on a flat 3680 sqft central Nanaimo lot with lane access at the rear. The home has recently had many important updates: roof (4 years) furnace (3 years) and windows (2 years) and while the home needs some cosmetic improvements inside it offers plenty of value under $500,000. This home has been in this family for over 40 years and they hate to see it go.