In a prominent position in a highly sought after and leafy part of Kenmore, this rare property offers a unique opportunity for those interested in making a considerable profit through development and subdivision of this elevated and expansive 981sqm corner block. On the lot, an architecturally designed Griffin and Knowlman home was built in the 60's and boasts features symbolic of the era including wood paneling, decorated ceilings and casement windows. Well maintained over the years, three bedrooms are all of a good size while the light filled lounge room is enhanced by timber floorboards, and an updated kitchen and bathroom complete this level. Downstairs, an additional living space includes an extra room and shower facility, providing convenient accommodation for guests or older children. Utilising the existing structure, the home's original architectural charm could easily be retained with a contemporary renovation all that is needed to improve the appeal. For investors, re-positioning the house on the block is an option worth considering in order to capitalise on the remaining level land area offering potential city views. Within the Kenmore State School and Kenmore State High School catchments, this versatile property is only minutes from the commercial hub of Kenmore and in easy reach of the Translink bus service for city commuters. This is a valuable chance to secure a prime piece of real estate with healthy financial potential. Call the team at 4069 Real Estate to arrange an inspection!