Appealing to a wide variety of astute buyers, this potential-packed property is suitable for renovation, rebuild (STCA), investment, or even a first home for a growing family with a builder in the mix. Situated on a huge 1005m2 corner block (cnr of Underwood Rd and Pascoe Rd) this weatherboard character cottage represents an opportunity of grand proportions. You can easily add a little shine to the existing three-bedroom house and maximize your investment with tenants whilst you get your plans and permits in place to rebuild (STCA). Alternatively, you can occupy and restore the home to its former glory and reap the rewards of a large corner block in a prime foothills locale. The existing home has plenty of original charm including hardwood floors, high ceilings and sash windows with the functional kitchen updated with modern cabinetry and electric cooking. There is a skylit meals zone adjacent to the kitchen and a cosy separately zoned lounge at the front of the home. The large back yard is fully fenced and has scope for transformation into the ultimate outdoor oasis with the shady front gardens complete with Magnolia tree offering a sense of privacy. Whether you are a savvy investor, first home buyer or renovator, you can't afford to miss out on seizing this prime parcel of land in a superbly convenient location. Positioned close to both Boronia and Ferntree Gully shopping centres, you are spoilt for choice with local amenities and attractions. You also have easy access to stations, Blind Creek Trail, Koolunga Nature Reserve and a three-minute drive from Ferntree Gully North Primary School, Boronia K12 College and St Joseph's Primary. You also have the #691 bus at the doorstep. Take a step in the right direction and invest in your future today. Don't delay.