Bordering Sylvania Waters, an incredible buying opportunity has arisen to secure this tightly held large parcel of land, positioned directly opposite waterfront homes this is truly a highly sought after “prestige’ address with massive redevelopment potential for multi dwellings under R3 medium density zoning or build your dream home with potential water views from second level. The existing single level brick home is immaculate throughout consisting of three spacious living rooms, double sized bedrooms, island bench country style kitchen, covered outdoor entertaining and large courtyard with BBQ area, large sunny in ground swimming pool with adjoining grassed area. A fantastic sized 953 Sqm level north East facing block with highly sought after 20m Wide Street frontage. Would suite a wide range of buyers looking for that ideal blue chip investment opportunity for value adding additions, alterations, or new home developments to capture and take advantage of potential panoramic water, city and bridge views. Features Include: - R3 medium density zoning, development STCA - Immaculate single level brick constructed residence - 3 separate individual living spaces - 4 Double sized bedrooms with built in robe - Large country style eat-in kitchen - Excellent outdoor entertaining areas with wood fire BBQ style cooking - Large sundrenched in-ground swimming pool and lawn yard - Highly sought after 953 Sqm level block with 20m street frontage - Close proximity to boat ramps, schools, transport, shops, and popular café/restaurant strip.