Attention, First-time Homebuyers roll up your sleeves and create your dream home. This 2-bedroom, 1-bath Oceanview, character home on a large level lot w/alley access in South Nanaimo. The upper level has a large loft area that may work for extra bedrooms or play area. Tremendous value will be found in this home sitting on a level 8712 sq ft lot. Current and future zoning allows for some great present and future options. Under current R1 zoning, a new Carriage house with alley access and perhaps in the future expanding the current footprint for a larger main dwelling. Hazmat assessment and the home is vermiculite-free. With Lane-way access the opportunities here are great and exciting. Existing home features newer high efficiency gas furnace and hot water tank and offers great Ocean views from the loft balcony! Developers may consider rezoning the property for future use in OCP is Corridor zoning which, according to South-End Neighbourhood Plan, supports multi-family residential.