This property, located in the heart of Caloundra offers exceptional investment opportunities. Whether you are looking for a property to renovate in order to create your very own dream home on a sizeable parcel; or with a zoning of medium density and a 15-metre build height, the potential exists to knock down and build up to 6 townhouses. Positioned in an area where townhouses have been already completed, and with more approvals in place, this could be a great financial opportunity to invest in this 785sqm block. Solid and well-constructed, this residence consists of four spacious bedrooms, three upstairs and one on the ground level with an adjoining bathroom; two separate living areas, and an oversized double car garage. Whilst in mostly original condition, there is plenty you could improve on to make this your ideal home. With hardwood floors hidden by the carpet, a large front deck that captures those calming ocean breezes, and a vast backyard with an inground pool; this could be an ideal opportunity to secure a property with abundant possibilities. Located directly opposite the Caloundra sports fields and Caloundra State High School. - Ceiling fans throughout - Close to schools and shops - Close to public transport - Located only a short walk or drive to some of the Sunshine Coast's best beaches - Within close proximity to the Sunshine Coast Health Precinct