402 Richards Street, Canadian VIC 3350

Large land | dual-title complexity | original condition | no recent sales data supports price The property carries genuine upside from its 1633m² dual-title land, but the list price range lacks direct comparable evidence. Two titles imply subdivision potential, yet the original condition demands significant capital. The 2009 sale provides no current benchmark. Without recent market data, the buyer incurs valuation risk. The judgment is clear: scarce land holding with optionality, but only for those prepared to underwrite renovation or development costs. The corner block and dual-title structure are competitively rare in Canadian, offering a buyer future repositioning options. The existing four-bedroom layout and 2-car spaces suit immediate occupation while plans are formalised. It best serves a buyer with project capacity or a long-term hold strategy who values land depth over turnkey convenience. To de-risk the premium implied by the asking range, you must obtain a feasibility study on subdivision yield and renovation costs against current Ballarat land values before proceeding.