For Sale

1 Canning Street, Frankston South, VIC, 3199

3
2
5
1319 m²

House

5 days on the market

Next inspection:
Saturday 8 August 12:15 PM
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What's around 1 Canning Street

A Landmark Frankston South Holding with Exceptional Future Potential

Offering immediate liveability, an outstanding Frankston South position and multiple pathways for future development, this substantial 1,319m² property presents an increasingly rare opportunity. Positioned just off tightly held Humphries Road, the flat, north-facing allotment boasts an impressive frontage of approximately 30.5 metres and sits among some of Frankston South's most prestigious homes. Set well back from the road behind established gardens, the solid-brick residence provides comfortable accommodation with three bedrooms, a study, two bathrooms, generous living spaces and extensive vehicle parking. Move in and enjoy, secure a quality tenant or explore the property's longer-term possibilities. The size, shape and positioning of the allotment may allow buyers to retain the existing home and develop additional residences behind, create a substantial new family residence or clear the site for a boutique multi-dwelling development, potentially accommodating up to four residences-all subject to council approval. The established gardens, deep setback and exceptional privacy create a peaceful, almost semi-rural atmosphere, despite being conveniently positioned close to leading schools, shops, transport, the Frankston CBD and the coastline. Zoned for both Derinya Primary School and Frankston High School, the property offers enduring appeal for families, investors, developers and those seeking a premium landholding in one of Frankston South's most tightly held pockets. PROPERTY HIGHLIGHTS Substantial flat allotment of approximately 1,319m² Wide frontage of approximately 30.5 metres Desirable north-facing orientation General Residential Zone Solid-brick residence with three bedrooms plus study Two bathrooms and generous living spaces Extensive vehicle accommodation Potential to retain the existing home and further develop Boutique multi-dwelling development possibilities STCA Premium position just off Humphries Road Zoned for Derinya Primary School and Frankston High School Established gardens and exceptional privacy Immediately liveable with significant long-term potential A rare combination of land, location and flexibility, this is a property that can be enjoyed today while offering genuine scope to create something exceptional in the future.

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