Unmatched in position and potential, this vintage classic encourages you to make the most of its characterful dimensions and expansive bounds, mapping a sizeable and elevated 1,318sqm (approx.) allotment in a tranquil semi-rural locality. Seize the opportunity to renovate (either now or later) its unique, solid and versatile layout, or maximize returns with a multi-site development (STCA) in a revered location, perfectly positioned between some of Langwarrin's most desired schools, shops and amenities including the Langwarrin Equestrian Reserve, merely metres away. With minor modifications, the floor plan illustrates the potential for two separate living quarters, ideal for investment or family purposes. The options are truly endless, with the potential for the tradie type to store plenty of gear on site, renovate and reap the enticing rewards, start over with a new family holding or multi unit development (STCA). Furthermore, an astute buyer would recognise the fabulous airb'n'b opportunity on offer here. Regardless of the direction you choose, there is no denying the area's appeal, walking distance to St Judes and Langwarrin primary schools, Elisabeth Murdoch College, public transport, and a short drive to Gateway Shopping Centre and Mornington Peninsula Freeway. Situated on the high side of the quiet & meandering road that weaves itself directly to local shopping and the Langwarrin Hotel, a second storey addition would offer a broad vista over a largely treed environment. The private rear sanctuary of the dwelling is a sight to behold with established trees and shrubs meticulously maintained and loved over many years by the original owners reminiscent of a country visit to the grandparents! Whilst being the gateway to the Mornington Peninsula's beaches, golf courses and wineries, Langwarrin still retains the peaceful feel of country living and still provides all the benefits of a city location. Working from home or a mix of commuting to your workplace is made easy with access to a choice of local freeways to the east or west. Nb. The owners previously had a Planning Permit to subdivide this double block. This incredible home really is a once-in-a-lifetime opportunity. Distances - 150m Walk to Langwarrin Equestrian Reserve and Pony Club - 1km to Gateway Shopping Centre - 1.4km to Elisabeth Murdoch College & Performing Arts Centre - 1.4km to Langwarrin Primary School - 3.2km to Peninsula Private Hospital with Emergency Department - 6km to Frankston beach, bus and train station and CBD