Truly a rare opportunity with FANTASTIC R8 ZONING for the discerning Developer, who likes close proximity ocean properties. Complete with lovely character home on very gentle sloped ocean side of Stewart Avenue with ocean views, it has 3 bedrooms, large sunroom, full basement and attached garage. A great location close to the Nanaimo Yacht Club, much adored ocean walkway, harbour front amenities, such as restaurants and classy specialty shops, 1st class hotels, convention center, museum, ferry terminal, air service terminal, and tons of breezy fresh ocean air. Enjoy kayaking to the popular Dingy Dock restaurant on Protection Island. This tantalizing property is ready for your visionary prowess. The condition of home is in good to fair shape and is a likely candidate for the Airbnb scene, while you prepare for the building to commence. For Video - click icon below picture. Call LS for viewing as is tenanted.