The Phone Code for this property is: 21195. Please quote this number when phoning or texting. Seize the exciting potential of this freestanding Edwardian classic, offering comfortable living along with vast potential for transformation. Sited on approximately 413 square metres, the property presents the opportunity to modernise and/or extend, or to explore the enticing prospect of leveraging its coveted commercial zoning. Imagine the possibilities: an office block, a mix of retail and residential, or a bespoke residential development (STCA), all while generating income from the rentable home as you refine your vision and plans. A traditional wraparound verandah creates a delightful introduction to the high-ceilinged hallway within. The living room, with a bay window and an ornate ornamental fireplace, radiates a welcoming ambience. Two bedrooms, each featuring their own ornamental fireplaces, continue the theme of classic charm. The journey through the floorplan culminates in an updated kitchen complete with a meals area. Additional amenities include a well-appointed bathroom and laundry, complemented by the convenience of a second toilet. The generous backyard features a sizeable bungalow that can double as a third bedroom. Enhancing the functionality of the home is the inclusion of Underground 3-phase power and two garden sheds. The convenience of the location is nothing short of exceptional. Positioned within a stone's throw of trams to the city, vibrant Carlisle Street's array of cafes and shops, Caulfield Park, and local restaurants and takeaway outlets, this is an unmissable opportunity to create something truly extraordinary, be it a dream home or a groundbreaking commercial venture, in one of the area's most sought-after locales. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.