58 Renshaw Street, Doncaster East VIC 3109

Large suburban block | 3-bed older house | Separate studio | Zoned for multi-dwelling potential | Walk to schools & retail This property presents a strategic opportunity based on its land configuration and zoning. The 816m² parcel in this established location is the core value, offering immediate utility with a liveable house and a separate studio, while the residential zoning permits future re-development into multiple dwellings subject to council approval. It serves the dual market of occupiers seeking space and investors or builders targeting a low-density infill project. Proceed with a clear budget for due diligence and construction. The primary risk is the unquantified cost and approval timeline for any development, which directly impacts financial returns. The commercial logic requires acquiring at a land-value price that accommodates these holding costs. This is a long-term play; buy for the land, use the existing structures for interim income, and execute a re-development plan to realise the underlying value.