Just steps away from the tranquil shores of Lake Wendouree awaits an extraordinary opportunity to claim ownership of this magnificent Californian Bungalow, nestled in the heart of Ballarat's most prestigious neighborhood. This captivating period home exudes charm and elegance, boasting a comfortable yet ripe-for-transformation interior. Imagine the thrill of crafting your own modern masterpiece within these historic walls, or perhaps realizing your vision of the ultimate dream home. With a sprawling corner lot spanning approximately 639m2, the potential for development (STCA) is simply limitless in this coveted blue-chip enclave adjacent to Lake Wendouree. Step inside to discover a grand entrance hall leading to expansive living spaces, including a generously-sized living room and a versatile dining area perfect for intimate gatherings or relaxed evenings. With three spacious bedrooms plus a bonus room ideal for a study or cozy retreat, there's ample space to accommodate your every need. Be enchanted by the timeless allure of period features such as ornate ceiling cornices, classic dado wall picture rails, and a captivating original fireplace, each detail adding to the home's undeniable character. Outside, the property delights with meticulously maintained front and back gardens, providing a picturesque backdrop for outdoor enjoyment. Secure parking is conveniently located at the rear, accessible via Martin Avenue, boasting a lock-up garage for two cars alongside a separate carport. For those with ambitious renovation plans, proposed extension designs are readily available upon request, offering a tantalizing glimpse into the boundless possibilities awaiting within this remarkable property. Don't miss your chance to seize this exceptional offering and make your mark in one of Ballarat's most sought-after locales. TH1005