Central Nanaimo condo located near Nanaimo Regional General Hospital, priced below tax-assessed value! This vacant unit offers 620 sq. ft. of versatile living space, featuring a spacious bachelor layout with a sleeping loft and a newer hot water tank. Ideally situated within walking distance to Bowen Park, the waterfront, bus routes, and more. The well-managed building includes a live-in caretaker, secured entry, elevator, parking space, bike storage, storage locker, and a top-floor common room with an ocean-view deck. Quick possession available, and long-term rentals are permitted. A fantastic opportunity to enter the market!