Situated in a picturesque riverside enclave of Newtown, this distinctive property offers fantastic investment opportunities or the perfect setting for a large or close-knit extended family. Enjoy the convenience of easy access to the Barwon River's walking trails or bike paths leading to local dining spots.

The main property features a character-filled 4-bedroom home, complemented by two self-contained 2-bedroom units. Spanning an allotment of 883m² (approx) with dual frontages, the home is accessible via Ardlui Drive and the units via Ballater Avenue.

This warm and charming home boasts beautiful garden and district views. The light-filled lounge, complete with a built-in gas fire, creates a cozy atmosphere. The French Provincial-style kitchen offers ample storage with stainless steel appliances, including a 900mm electric cooker with gas cooktop, dishwasher and range hood. A sunny west-facing balcony off the meals area provides stunning views of the river and surroundings. The master bedroom includes a walk-in robe and ensuite shower room, while three additional bright bedrooms with built-in robes. The main bathroom is well appointed with porcelain tiles, a bath and a shower. A separate laundry and toilet round out the floor plan. The dining and kitchen areas are serviced by a split system for heating and cooling. A tandem garage with a large workshop and storeroom beneath the house offers potential for further expansion.

The two two-bedroom, one-bathroom brick units, which are currently tenanted, feature open living/kitchen spaces and off-street parking.

This property offers multiple investment scenarios: collect rent from all three dwellings, subdivide (STCA), occupy the home and lease the units, or redevelop the site utilizing both street frontages (STCA). Located within walking distance to the Barwon River, Fyans Park Primary School (zoned) and a short drive to Shannon Avenue shops and the Pakington Street cafe precinct. This unique property presents a rare opportunity in the sought-after Newtown market.

- Versatile Investment, includes a three-bedroom main residence with a study and two two-bedroom self-contained units
- Idyllic location, situated in a picturesque riverside pocket of Newtown
- Dual frontages, property spans 883m² (approx), accessible via Ardlui Drive and Ballater Avenue
- Multiple investment scenarios including subdivision (STCA), personal occupancy with unit leasing, or redevelopment (STCA)