Presenting an extraordinary sense of opportunity in one of Melbourne's most iconic lifestyle locations and with a coveted Chapel Street address, this traditional double-fronted Victorian classic can be enjoyed today while offering brilliant scope for renovation, extension or even redevelopment (STCA) whenever you're ready. Rich in original character and set on an impressive allotment of 369 square metres (approx.) - all with the added prize of rear lane access - this is a rare offering, nestled between the delights of Carlisle Street, Chapel Street Windsor and Fitzroy Street. Beyond its broad and welcoming front veranda and enriched by classical fretwork, the home flows under soaring Victorian ceilings and with polished timber underfoot, to a comfortably presented open plan rear. A spacious design fills with natural light and flows easily to the backyard, where laneway access further enhances the home's compelling sense of potential. This is a position of enduring market appeal, central not only to all the cafes and shopping of Carlisle Street, but also the thriving bar scene of Chapel Street and the action of both Fitzroy Street and Acland Street, while there are 3 tram lines and Balaclava Railway Station nearby to ensure easy connection to the rest of Melbourne. Further underlining the benefits of this outstanding position, you have St Kilda Botanical Gardens, Albert Park Lake and the waterfront all nearby for a lifestyle filled with outdoor recreation.