Set in a quiet court just meters from Bundoora Square Shopping Centre, this single-level home presents an exceptional investment or redevelopment opportunity. Supported by a valuable council permit for a six-bedroom rooming house, the property is perfectly positioned near the tram to RMIT and La Trobe University—ideal for strong long-term demand. Currently vacant and ready for immediate occupation or leasing, the home offers a projected rental income of approximately $56,000 per annum. The floorplan includes a spacious family room, a functional kitchen/meals area and a bright central bathroom. Sitting on a generous 767sqm approx. block, it also comes with approved planning and permits for the construction of three modern townhouses, adding further future potential.