***Please note that this property currently has a building notice on the 3rd bedroom, side fence and rear garage, this property is being sold in "as is" condition.*** Occupying a prominent corner block position, close to Lilydale Lake and playground, with proximity to Main Street Lilydale, Lilydale Marketplace shopping, Swansea Road and Lilydale Train Station, you'd be hard pressed to find a more convenient opportunity. Poised for a modern renovation or for complete re-development into a multi-dwelling site (STCA), this intriguing property begins with a large, open front yard with a brilliant east-facing front deck. Inside, wooden floorboards adorn a warming entrance foyer which provides access to all parts of a flowing floorplan, including a huge open plan dining and living space with split-system air-conditioning. Incorporating a built-in gas cook top, wall-mounted oven, range hood and plenty of storage and bench space, the kitchen is both central and functional. Bedroom accommodation includes 2 bedrooms with robes and a 3rd bedroom off the living area, the masterful main bedroom including its own large en-suite with step up corner spa and shower. A private backyard has an open entertaining deck which overlooks plenty of grassed space for the kids and pets to play in, connection to the front of the property, plus an oversized double garage with secure side street access. Gas ducted heating and a picturesque wood-themed family bathroom are added bonuses in a home whose future will only be limited by your imagination. With easy access to the Maroondah Highway, Eastlink and the incredible array of restaurants and wineries associated with the spectacular Yarra Valley, this a home of position, prominence and potential.