This is an opportunity not to be missed – one that has been 60 years in the making! Situated in the heart of Springvale, consider your options with this outstanding property - redevelop the rectangular 804m2 allotment (20.12m x 39.96m approx.) into a multi-unit offering (STCA). Or simply move in and enjoy a fantastic huge family home, with rental income potential thanks to a rear bungalow with living space. Boasting a highly functional floorplan, this freshly painted home welcomes you with a warm lounge featuring gas heater and reverse cycle air conditioning. Head through to the timber kitchen equipped with an abundance of cupboard space and gas cooking appliances, as well as a generous meals area. The large dining or family room is perfect for those with a big (or growing!) family, while the modern bathroom and three spacious bedrooms (including master with BIR) sit just beyond. Here you will also find a separate toilet, large enough to be easily converted into a full ensuite. The house is fully equipped with ducted hearing throughout. Aside from a wonderful outdoor entertaining space, the home also boasts a massive four car garage securely situated behind a high fence, ideally suited to a tradesperson or those with a home-based business. The backyard bungalow provides another bedroom, living room and kitchenette, making it perfect for an older teen, extended family member, or to use as a rental for some side income. The property is walking distance to Norman Luth Reserve, Spring Parks Primary School, and in close proximity to Springvale Shopping Centre and other local amenities, including Springvale train station. If you're ready to enjoy a fabulous family home that will continue to appreciate for many years to come, you might want to schedule your inspection – quickly!