Introducing 40 Prospect Terrace, Kelvin Grove - a rare and unparalleled opportunity in one of Brisbane's most vibrant suburbs. This substantial property stands as a testament to potential, presenting a unique chance to either transform the existing structure or create your dream home from the ground up, subject to council approval. Embrace the freedom of a blank canvas with this expansive residence. The current layout serves as a solid foundation for an ambitious renovation, with ample room to reimagine spaces. For those with a vision extending beyond renovation, this property offers the tantalising possibility of starting anew. Envision constructing a contemporary masterpiece tailored to your exact specifications, capitalising on the zoning, land size, and desirable location. Key Features: • 7 bedrooms offering flexible living arrangements • 2 bathrooms - one to each level • 2 kitchen spaces - one to each level • Plenty of off-street parking • Prime renovation or redevelopment opportunity (STCA) • 420m2 block with CR2 zoning Situated in Kelvin Grove, 40 Prospect Terrace is moments away from esteemed schools, QUT, local shopping precincts, bustling cafes, and verdant parks. With easy access to public transport and only a short drive to Brisbane CBD, this location offers the perfect blend of suburban tranquility and urban convenience. Seize the chance to leave your mark on one of Kelvin Grove's most promising properties. Whether you're looking to undertake a significant renovation project or to build your bespoke residence, 40 Prospect Terrace provides the perfect backdrop for your vision to come to life.