Welcome to this charming 1940's character home with ocean views in the heart of Central Nanaimo. This beautifully updated 3-bedroom, 2-bathroom residence offers a perfect blend of vintage charm and modern amenities. Upon entering, you are greeted by new vinyl plank and tile floors that flow seamlessly throughout the home. The updated kitchen features solid wood cabinets and quartz countertops. The main bathroom has been tastefully renovated with custom shower and heated floors. The addition of a heat pump ensures year-round comfort and energy efficiency. Situated on a generous 0.22-acre lot with new R5 zoning, this property presents an exciting opportunity for redevelopment into a 4-unit development, offering endless possibilities for investors or developers. Conveniently located within walking distance to downtown Nanaimo, the picturesque sea wall, and charming marinas, residents can enjoy a vibrant coastal lifestyle with easy access to shops, restaurants, and recreational amenities.