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An extraordinary opportunity within walking distance of transport and Mornington's dynamic Main Street, this conveniently located property presents an exciting opportunity with future development potential (STCA). The perfect canvas for a lucrative townhouse development, your new dream home or a high exposure site to operate your business (STCA), the generous 926sqm (approx.) parcel of land with a 26.3m (approx.) frontage offers wide appeal and many possibilities. Brimming with original charm, the existing two-bedroom home delivers comfortable living, featuring sash windows, polished hardwood floors plus a single lock-up garage and provides a chance for you to rent out and earn an income while you obtain plans and permits for your new project. With potential to capture second-storey views of Port Phillip Bay, this exceptional offering is centrally positioned minutes from shops, cafes, schools, beautiful beaches, medical facilities and other amenities.