Just a 10min walk to The Glen and in in the prized school catchment for Glen Waverley Secondary College (STSA), this exclusive 1001sqms (approx.) is ripe for redevelopment in Glen Waverley Central. The quarter acre marks a rare allotment size in the district, offering scope for a stunning new lifestyle property or multiple town homes (STCA) close to the vibrant activity hub of The Glen Shopping Centre and restaurant strip. The property's 2 rented homes provide income stream while you make plans with a 3-bedroom brick veneer at the front of the site, and a 1-bedroom bungalow tucked away at the rear. The original home offers a shaded front verandah, hardwood floors, an updated kitchen with s/s appliances, central heating and cooling and the convenience of a 2nd toilet in the corner laundry. An additional dwelling is the perfect hideaway for a second tenant with a clever split-level layout dividing its bedroom and living space. Surprisingly spacious, the timber unit features a raised kitchen and study nook, and a west facing balcony. With its unique curved frontage, the deep block rounds the bend with a buffer of council greenery and is positioned among prestigious new builds, elevated to capture mountain views with potential double storey development (STCA) on the kite-shaped block. For buyers with big vision, this is an exclusive opportunity at one of the largest sites on the fringe of The Glen, zoned for Glen Waverley Primary and Secondary (STSA), with private education at Wesley College, Caulfield Grammar and PLC, and superb travel connections via train, bus, tram, Monash Fwy and Eastlink.