This is a fantastic opportunity to secure a small acreage property in the heart of Laanecoorie, a peaceful riverside community midway between Maryborough and Bendigo. Set on five acres with two titles and zoned Township, the property consists of a three-bedroom cedar home and shedding on two acres and a further three acre olive grove. There is town water connected and you could keep the property as a whole or separate the two lots for further development. The location is excellent with the Loddon river on your doorstep and it's only 20 minutes to either of the larger town centres. The home has been recently renovated with a new free-flowing floorplan to allow for a large open plan kitchen, dining and living area and the addition of a study, powder room and second toilet in the family bathroom. The new kitchen boasts a huge island bench with masses of storage and stainless-steel appliances including dishwasher. The laundry/mudroom is also generous and includes a wall of built-in cupboards. There are three well-proportioned bedrooms, all with big built-in robes and ceiling fans, serviced by the central bathroom that includes a shower and bath. There is a free-standing wood heater and split system for heating and cooling and a large 6.6kw solar system to offset your power usage costs. A versatile property in a riverside location offering the potential to further develop or a quieter rural lifestyle.