25 Ontario Avenue
Corio, VIC 3214

Set on a generous 702 square meter allotment, this solid concrete home presents an exceptional opportunity for investors, developers, or buyers seeking a property with significant future potential.

Renowned for its durability and long-lasting construction, the residence comprises three well-sized bedrooms, a centrally located bathroom, and a comfortable living area adjoining a functional kitchen. The property also includes a double car space, providing secure parking and added convenience.

Currently tenanted on a periodic lease at $300 per week, the property offers immediate rental income with the flexibility to increase the rent, move in, renovate, or explore future development opportunities subject to council approval.

With a rental appraisal ranging between $420 and $440 per week, this home presents strong potential to enhance rental returns. Additionally, plans and permits for four townhouses were previously approved on 22 March 2022; prospective buyers should conduct their own due diligence regarding the current validity of these approvals.

This property offers remarkable versatility, whether you are looking to invest, landbank, develop, or create your ideal home in a growing Corio location.

Key Features:

• Three spacious bedrooms
• Central bathroom
• Solid concrete construction built to last
• Comfortable living and functional kitchen area
• Double car space
• Generous 702 square meter block
• Currently leased at $300 per week on a periodic lease
• Opportunity to increase rental return
• Rental appraisal between $420 and $440 per week
• Potential development opportunity subject to council approval

Prospective purchasers are advised to undertake their own due diligence and verify all details independently. All stated dimensions and information are approximate and provided in good faith.