Located within the in-demand locale of central Reservoir, this original blonde brick home is situated on an incredible regular level allotment of 650 sqm (approx.), complimented with a street frontage of 15.2m (approx.). With a myriad of opportunities to renovate, extend, re-develop or subdivide (STCA). This represents an appealing opportunity to first homebuyers, growing families and astute investors looking to capitalize in one of Melbourne's hottest suburbs. The house has 3 bedrooms, a spacious living room, central bathroom along with 2 toilets and a separate laundry. The bright kitchen adjacent to the wide driveway offers plentiful off-street parking. In addition, this presentable home attracts a strong rental income, which will pay its way whilst you put plans to paper for a future dream home or multi-townhouse development. This neat and tidy abode is In a highly-sought-after lifestyle precinct, with St. Stephen's Primary school, Broadway shopping strip, Reservoir Leisure Centre, both Ruthven and Reservoir train stations and bus services all within walking distance. This while also being only moments away from Edwardes Lake Park, the Darebin Creek Trail, Reservoir High School, La Trobe and RMIT University, Preston Market, Summerhill Village Centre, Northland Shopping Centre and Metropolitan Ring Road. A rare offering not to be missed!