A rare find on the Mornington Peninsula, this significant land holding in the Padua Estate offers immense opportunity. Sitting proudly on a massive 1,542m2 (approx.) allotment, the three-bedroom weatherboard home is located on the corner of Oakridge Reserve and walking distance to Padua College. Set beyond full-height fences and a return driveway, the quaint residence is a delightful sight with immense renovation potential, exceeding expectations, the home offers a large layout of contemporary space. A large central living area is framed by modern kitchen and dining zones, with a servery window overlooking the decked patio and inground pool pavilion. Three bedrooms with built-in robes sit along a private hallway, with the main bedroom boasting a full ensuite. The large allotment lends perfectly to a multi-unit development or lavish rebuild (STCA), taking advantage of its vast and flat proportions in one of Mornington's most desired locations. Just moments from Padua Kindergarten and College, St Macartan's Primary, Mornington Secondary, HomeCo. shopping and Mornington Golf Club, its complete with a huge garage/workshop, split-system AC, ducted heating and a large sunroom/studio ideal for a home business. This is one opportunity unlikely to be repeated for a very long time, contact us today to book your private inspection!