Located for lifestyle within walking distance to Lilydale Station, Lilydale High School, Main Street shopping, cafes and restaurants, this exciting dual occupancy opportunity could not be better placed. Incorporating multiple dwellings which are both currently returning a solid rental income, this rare and unique flat block of 991 sqm (approx.) has RDZ1 with DD07 zoning, making it ready for development into up to 6 brand new townhouses (STCA). Each dwelling currently incorporates plenty of accommodation with spacious living areas, a central bathroom and kitchen area. There's plenty of off-street parking and a spot for the barbecue and outdoor furniture, plus garages and garden sheds for storage options. It's the incredible opportunity this perfectly placed and unique property represents however that will excite most. The rare chance to snap up a large, ideally zoned block in an unquestionable location and turn it into the design you've always dreamed of is what will see this property prove popular. With easy access to Lilydale West Primary School, Lilydale Heights College, the Maroondah Highway, Eastlink, Eastland Shopping Centre and the magnificent Yarra Valley, this is one not to be missed.