Situated on a generous 607m2 LMR block, this exceptional opportunity awaits those with a vision. Previously leased at an impressive $900 per week, this property offers a remarkable chance to construct townhouses or units at the rear (STCA), while already reaping the benefits of a fantastic rental return. Beyond its investment appeal, this property also showcases a charming 1920's Queenslander, awaiting a touch of love to restore its former glory. Centrally positioned in Norman Park, the home features three bedrooms, one bathroom, living/dining, and a kitchen are on the upper level, complemented by an additional two bedrooms, bathroom, and a kitchen downstairs. Throughout the home, polished timber floors, lofty ceilings, and exquisite character accents like lead lighting and timber mouldings grace every corner, exuding timeless elegance. The fully self-contained downstairs area boasts a modern kitchen, bathroom/laundry, and an open plan living space, providing versatility and convenience. Each level possesses its own private entrance, creating an ideal arrangement for separate living quarters. Ideally located in close proximity to prestigious schools, excellent public transport options, and a mere stone's throw from the CBD, this property embodies unparalleled convenience. Don't miss this enticing opportunity to embrace the potential of 291 Wynnum Road. With its enviable location, captivating Queenslander charm, and lucrative development prospects, this property is not to be missed. Contact Dan today on 0439 727 441.