Location, Location, Location! This rare corner lot offers breathtaking views of the water and mountains. Situated in the heart of Cedar Cove (Grandview Woodland) neighborhood, this 3-level character home with a detached garage accessible from the lane is just a few blocks from Nanaimo transit access. The main floor of the home boasts a semi open floor plan with 4 beds, 2 up and 2 down. The lower level features a spacious 2 bed suite. With a density of 1.0 FSR, this property has great potential for increased density. Whether you choose to develop and have a stunning view project, hold onto this rare find, or completely restore it, this is your opportunity to create your own legacy. Any zoning or development questions should be directed to the City and are part of the Buyers due diligence.