12 Toomey Street, Vermont, VIC 3133

Anyone looking for a wish list of ticks for a development site, has the whole package right here. The 530sqms (approx) block is flat. On a corner. North facing on Toomey. West facing on Lombard. Zoned for Rangeview Primary and Vermont Secondary College (STCA). With mountain views of The Dandenong Ranges. And with some TLC, the 4-bedroom home could be lived in or leased while you build on those foundations.

The ranch style home has real character, with window shutters, a fretwork verandah and elegant parquetry floors and French doors inside. A keen renovator can make it shine again, as a 4-bed 2-bath in the prize school zone for the district's top-ranking schools.

The split-level living and dining room features its own bar, bay window and fireplace, with the 3 bedrooms set along the hallway and a private master bedroom with ensuite claiming its own private corner.

As a site to build on, there's the advantage of no big trees on site, wide 26m (approx.) frontage along Lombard Rd, and the versatility of a north-west corner to maximize light (including to the existing solar panels), and potential for 2-unit construction on the prime corner (STCA).

It's a value-packed opportunity in a popular part of leafy Vermont, close to Heatherdale Reserve and train station, Canterbury Rd village shops, Ringwood Golf Club, Eastlink and a choice of shopping malls at Eastland, Westifeld Knox and Forest Hill Chase.