Combining all the essential ingredients to make this an outstanding opportunity to purchase in a family friendly blue-chip location, this elevated corner allotment of approximately 591sqm offers outstanding development potential with scope to build 2 townhouses or a premium single residence (STCA). Enjoying a northerly frontage, the existing three bedroom blonde-brick residence is also a perfect project for the renovation enthusiast to roll up their sleeves and create something magical, whilst the investors amongst you will have no problem finding a tenant after a quick tidy up. Whatever your interest is, the location of this property offers an exciting active lifestyle with the Koonung Creek bike trail literally at your doorstep, connecting you to nearby Elgar Park Reserve and further afield to Melbourne CBD. Access to Eastlink is easy via Elgar Road and city buses are readily available on Belmore Road (via Kew) or the option of express services at the Doncaster ParknRide. For all your shopping needs, take your pick from Balwyn East Village on Belmore Road (with Coles Supermarket), Box Hill Central (with trains, trams, buses, restaurants & specialty shops) and the mecca of Westfield Doncaster Shoppingtown just up the road. Schooling options for the family is also a big drawcard with zoning for Koonung Secondary College. Renovate, develop (STCA), or hold as an investment, the opportunities for 10 Valda Avenue are endless and we look forward to meeting you at one of the advertised open inspections. Features Lot/Plan No: 42/LP44731