26 Margaret Avenue, Bayswater VIC 3153

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Situated in a highly desirable location, this real estate opportunity represents the best Bayswater has to offer. Blocks like this are becoming very rare and highly sought after.
Set atop a gently hill, this 975 sqm (approx.) block is the perfect site for your next multi-unit development (STCA) where each unit will enjoy spectacular northern views. With planning zone GRZ-2, no planning overlays, and proximity to Bayswater and Boronia Train Stations, Westfield Knox, Eastlink and the picturesque Yarra Valley, the potential is limitless.
The original red brick home comprises 3 bedrooms (2 with BIRs) all of which are positioned away from the main living areas of the home. The galley style kitchen opens through to the separate dining area which shares an open plan with the main lounge room. Large north facing windows capture the stunning views and make this home an exciting opportunity for extension and renovation. A well sized laundry leads out onto a stone paved veranda from which to sit and enjoy the sunset.
In a fit and tidy condition, the house will be easily tenantable while awaiting council plans and permits, or alternatively an astute addition to any investment portfolio.