5 McIvor Street, Cheltenham, Vic 3192

With a charming family home, dual frontages and around 537sqm GRZ2 land, this is a highpoint of potential in a low-traffic location - just two blocks from Southland, 300m to Charman Rd and just a little further to the station.

See the amazing family value and step up to life on your own full block in this character-filled five bedroom plus study, 1.5 bathroom brick home with separate lounge and dining rooms, a quality kitchen with a prestige 900mm Ilve range and a stylish spa-bathroom plus a second WC.

High on lovely late-period charm with deep-corniced ceilings, tapestry brick mantles and polished hardwood floors, this accommodating home has contemporary comfort including reverse-cycle air-conditioning, a clever fitted study, and an abundance of storage (including built-in robes and a first-floor utility room or second study). Even the flourishing family gardens are a highpoint with room for kids to run and space for plentiful parking including a front driveway and a rear garage from Pine St.

Alternatively, hit the heights of development potential with this flexible dual frontage site zoned GRZ2 for multiple dwellings (subject to Council Approval). With prestige townhouses appearing all around and all-new apartments just over the road, there are high rewards on offer for developers prepared to take this low-traffic Southland precinct address to new heights.

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