**PRICED $47,000 BELOW BC ASSESSED VALUE** This exceptional 0.85-acre property sits in a highly sought-after central location offering sweeping panoramic ocean views. The generous lot configuration provides multiple potential building sites and is zoned R3, allowing for Agriculture, Assisted Living, Bed & Breakfast, Community Care Facility, Home Business, Secondary Suite, Single-Family Dwelling, Supportive Housing, or a Two-Family Dwelling. Future development or rezoning opportunities may also be possible. A variety of amenities are just a short walk away - Chemainus Elementary, a grocery store, and several charming local shops. Kinsmen Beach, the golf course, ferry access, and boat launch areas are only a quick drive. Outstanding fishing, kayaking, and the many scenic hiking and biking trails in the area. With Ladysmith and the airport only minutes away, this property offers both convenience and incredible potential. NOTE: Inquire to municipality regarding potential future uses.