Presenting an exceedingly rare opportunity on the corner of an elite cul de sac, this substantial single level residence set within a magnificent 655sqm approx. northwest facing allotment invites consideration as a superb renovation prospect or alternatively as the ideal site for a new luxury home or boutique development (STCA). Advantaged by car access from Leicester Square, the flexible and comfortably presented interior dimensions are perfect to live in or lease out while considering which option to pursue. Generously proportioned, the wide entrance hall flows through to gracious sitting and formal dining rooms with a fireplace and a bright capable kitchen with casual dining area opening to a deck and north-facing garden. The main bedroom with dual walk in robes and en suite is complemented by three additional bedrooms, two bathrooms and a laundry. In a blue chip location close to Toorak Rd trams, Kooyong Village and station, Menzies Reserve and excellent schools, it includes alarm, ducted heating, water tanks and double carport accessed via Leicester Square.