25 Ontario Ave

Corio VIC 3214

701 m²

House

Currently for sale - view listing

Overview

Solid Concrete Home on 702m² with Endless Potential with Permit Approved x4 Townhouses

Set on a generous 702m² (approx.) allotment, this solid concrete home offers an outstanding opportunity for investors, developers, or buyers looking to secure a property with plenty of future potential. Known for its durability and long-lasting construction, the home features three well-sized bedrooms, a central bathroom, and a comfortable living and kitchen area. A double car space provides secure parking and added convenience. Currently tenanted on a periodic lease at $300 per week, the property provides immediate rental income with the flexibility to increase the rent, move in, renovate, or explore future development opportunities (STCA). With a rental appraisal of $420 – $440 per week, this property presents strong potential to improve returns. Additionally, plans and permits were previously issued on 22/03/2022 (buyers should conduct their own due diligence regarding current validity). Whether you are looking to invest, landbank, develop, or create your ideal home, this property offers incredible flexibility in a growing Corio location. Key Features - 3 spacious bedrooms - Central bathroom - Solid concrete home built to last - Comfortable living and functional kitchen area - Double car space - Generous 702m² (approx.) block - Currently leased at $300 per week (periodic lease) - Opportunity to increase rental return - Rental appraisal: $420 – $440 per week - Potential development opportunity (STCA) Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist. Disclaimer: All stated dimensions in the content and photos are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.