Occupying prime real estate in one of Brisbane's premier suburbs awaits a magnificent opportunity for a smart investor or family looking to build their dream home. Positioned on a large corner block with two street access, the existing home is a renovator's dream: a big, beautiful Queenslander, brimming with character and potential to be turned into something special. Inside, the home features all the undeniable hallmarks one would expect of a traditional Queenslander, including gorgeous timber floors throughout, spacious living areas, high ceilings, bay windows, stained glass windows and stunning VJ walls. The fully-fenced, expansive rear yard sprawls to the far-reaching boundaries, opening up a wide range of enticing options. Whether it be an extension to the residence, a sophisticated alfresco entertaining area, a glorious in-ground swimming pool, or all three – the decision is yours! Adding to what is already a staggering amount of possibilities, the house could be raised and built in underneath, turning the home into an incredible two storey residence (All developments are, of course, STAC). The property is also able to be subdivided under the current town plan. Situated on the corner of Jenolan Avenue and McDonald Street, this is one of the best spots in the area, with homes on comparable parcels of land regularly achieving sale prices over $2,500,000 and it's easy to see why: Bulimba's flourishing Oxford Street precinct is easily within walking distance at 700m away, while Hawthorne Garage and the variety of stores and entertainment options along Hawthorne Road, including Hawthorne Cineplex, is only 800m away. Commuters will appreciate the ease with which they can get around, with ample public transport options, including bus and ferries, within close proximity. This property is sure to be popular among parents too, with a number of highly regarded schools dotting the area, including Saints Peter and Paul's Catholic School, Bulimba State School, Lourdes Hill College and Anglican Church Grammar School. This is an opportunity you can't afford to miss. Act now and arrange an inspection with your Place agent today! Disclaimer This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.