Perfectly positioned in a quiet leafy street just moments from Auburn Village, this is a truly unique property where a world of opportunity awaits with not one, but two residences on a substantial allotment of approx. 482sqm. An exciting work in progress ready for its final transformation, the double-fronted Victorian home boasts traditional features, a flexible floor plan and studio to the rear, together comprising four bedrooms, four bathrooms, and three separate living areas including formal lounge/dining and a light-filled family room with kitchen/meals. To the rear awaits a sizeable sun deck and beyond lies a fabulous three-storey apartment with fully-equipped with its own modern kitchen and studio with bathroom, study/home office, living/rumpus room with luxurious 3.3m ceilings, heating/cooling, timber floors and goods lift, readymade for short or long-term rental or a home business. Other features include hydronic heating throughout, parquetry floors, stunning decorative ceilings, four original fireplaces, wood heater, security alarm and driveway with off-street parking for three. Large and versatile, this is a property with extraordinary scope for those with an eye for the perfect finishing touches, just minutes to Carey Grammar, MLC, Auburn Primary, Swinburne University, local parks, Auburn Village shops, cafes and train station.