Presenting a leading opportunity for investors and developers to acquire an expansive R20-zoned subdivision potential property close to Albany's CBD, and surrounded by a mix of residential homes and complexes, businesses and key medical and sporting amenities. Elect to lease out the property as stands and reap sound long-term rental income returns, or consider the potential to create a three-residential unit site, or adapt the existing home and grounds to operate a business, subject to the relevant planning approvals. The original 1948 high ceiling home, which presents well for its years, stands on a massive level front and rear vehicle access lot, with excellent garaging and workshop space, hardstand parking and untapped land. It offers a spacious separate front lounge, with a fireplace featuring gas heating. This flows to an expansive separate country kitchen and meals area, with great storage and a modern gas stove, all in very good condition. Beyond is the third bedroom and neat laundry, toilet and a handy shower room. Towards the front of the home is the main well-kept bathroom and the two remaining bedrooms including one with decorative cornices. There are so many great possibilities for this property. Call now to avoid missing out. For more detailed information or to arrange a private viewing please contact Samantha Pitman on 0405 679 383 or email samantha.pitman@raywhite.com