Discover a haven of comfort, opportunity and versatility with this remarkable property, nestled in one of Preston's most sought after pockets. Boasting a renovated double storey Californian bungalow, plus a separately metered villa unit with ample car spaces for both, this is one you just can't miss! Step inside this home to find two ground floor bedrooms one with a stunning bay window, central bathroom and North facing sun drenched open plan kitchen/living/dining with bi-folds flowing out to the perfect entertainer's deck and garden. Upstairs you will find an oversized third bedroom/retreat with ensuite, study space perfect for those working from home and double glazed windows. With subdivision potential (STCA), the additional villa unit offers open plan kitchen/living/dining, bedroom with BIR's, stylish bathroom, laundry, spacious courtyard and lock up garage. Huge potential for the astute buyer to capitalise on this amazing opportunity, with flexibility to live in the front home and comfortably rent out the villa, your options are endless! Zoned to Bell Primary and Preston High, only steps to the iconic Preston Market, the lively High St cafe and restaurant precinct, Bell train Station, Gilbert Rd tram, multiple bus lines and the Merri Creek trails are close by. Investors note: Potential rental return for both properties combined $55,000 pa.