Currently tenanted & returning $400 per week. Until February 2024 Nestled on a generous 1,012m2 corner Res B allotment, this property is a developer's dream, perfect for a triplex project. Situated just one block away from the vibrant heart of Kingaroy's CBD, this stately residence exudes timeless charm, boasting classic features such as polished hoop pine floors, tongue-and-groove walls, soaring ceilings, and intricate fretwork. Step inside, and you'll discover an abundance of space throughout the home, including a spacious dining room, a comfortable lounge, a separate family room, and the traditional, expansive sleepout. Depending on your vision, there are four to five generously sized bedrooms, an original bathroom, and a solid timber kitchen that whispers of days gone by. Entertaining is a breeze with the substantial timber deck that beckons you to unwind and enjoy the outdoors. While the home is currently in liveable condition, it holds untapped potential for renovation, promising to restore its former glory and more. Venturing outside, you'll find a single older style garage, a storeroom, a charming greenhouse, and the peace of mind provided by full fencing around the allotment. The property benefits from both town and tank water, as well as access to all other essential town services. Conveniently situated, this property is only a short stroll away from parks, the public pool, and state schools, making it an ideal choice for families. Whether you're seeking a solid family home with ample space to roam or an investment opportunity, this property delivers. Currently tenanted and yielding a weekly rental income of $400, it boasts long-term tenants who would gladly extend their stay if given the chance.