Perfectly positioned near Lake Wendouree and only a short stroll to local cafes and the CBD, this appealing property offers a rare opportunity in a highly regarded locale. Set on approximately 520 sqm along prestigious Macarthur Street, the home presents a charming foundation with plenty of scope to further enhance. The interior features a spacious kitchen with gas cooking and generous storage, a separate living area and three well-sized bedrooms. The main bathroom includes some updates, ensuring comfortable everyday living while leaving room for future improvements. Outside, the expansive block offers endless potential. Options for subdivision or an extension may be explored in the future (STCA). A superb opportunity to secure a sought-after locale with outstanding long-term promise.