Positioned in one of Watsonia's most sought-after pockets, this exceptional opportunity offers endless possibilities for homeowners, renovators, investors and developers alike. Set on a generous allotment, the existing weatherboard home is comfortable and well-maintained, providing immediately liveable accommodation while you plan its exciting next chapter. Although largely original and ready for a modern update, the home offers solid foundations and plenty of character for those looking to renovate or extend. The true standout is the location. Just moments from Loyola College and within easy reach of Watsonia Village, Watsonia Train Station, local parks, schools and shopping, this is a blue-chip address where lifestyle and convenience come together. Whether you're dreaming of creating your forever family home, undertaking a substantial renovation, adding a contemporary extension, or exploring the site's development potential with a multi-dwelling project (Subject to Council Approval), the possibilities are as impressive as the location itself. Property Highlights: - Comfortable original weatherboard home in good liveable condition - Outstanding opportunity to renovate, extend or rebuild - Excellent scope for multi-dwelling development (STCA) - Premium location just a short walk to Loyola College - Close to Watsonia Village, train station, schools, parks and local amenities - A rare opportunity to secure a property with exceptional future potential in a tightly held neighbourhood Opportunities of this calibre are becoming increasingly difficult to find. Whether you're looking to add value, develop, or build your dream home, 36 Princes Street presents an exciting chance to secure your future in one of Watsonia's most desirable locations.