Situated on a spacious 1167m2 lot in Knoxfield, this property holds immense potential for multi-unit development, pending council approval. Boasting two existing fully equipped dwellings, each featuring expansive living areas, well-appointed kitchens, and elegant timber-look flooring throughout. Both units offer the comfort of split system air conditioning and ample off-street parking. Nestled in a tranquil street, its proximity to schools like Carrington Primary School and Scoresby Secondary College adds to the allure, with Bunnings Scoresby and local shops nearby. The local area offers a wide variety of green reserves and recreation options and commuters can be on Eastlink in less than ten minutes making this a very convenient location. An enticing prospect includes leasing both residences while pursuing plans and permits for a multi-unit development, showcasing the property's versatility and promising future possibilities. This is an exceptional opportunity to get in on the ground floor and turn this property into the outstanding investment it promises to be!