I see nothing grand in this dwelling (5)
I believe the answer is:
igloo
'this dwelling' is the definition.
(I've seen this before)
'i see nothing grand in' is the wordplay.
'see' becomes 'lo' (archaic exclamation meaning 'look!').
'nothing' becomes 'o' (looks like zero - 0).
'grand' becomes 'g' (G is short for grand as in a thousand).
'in' is an insertion indicator.
'i'+'lo'+'o'='iloo'
'iloo' enclosing 'g' is 'IGLOO'.
(Other definitions for igloo that I've seen before include "Eskimo's home" , "native dwelling" , "Ice house for Eskimo" , "Snow dwelling" , "basic dwelling" .)