45 Koolkuna Avenue, Doncaster VIC 3108

Positioned just meters from the bustling Westfield Doncaster and highly accessible public transport connecting to Box Hill TAFE, Deakin University, and the city, this expansive property presents a unique opportunity combining investment potential with family living flexibility.

The home holds a valuable permit for operating an eight-bedroom rooming house, currently generating a strong annual income of approximately $136,000. This renders the property a lucrative cash flow asset for investors seeking immediate returns.

At the heart of the residence lies a modern stone-topped kitchen equipped with stainless steel appliances, complemented by an adjacent meals area designed to cater well to shared living arrangements or large family gatherings. Accommodation is thoughtfully serviced by two bathrooms alongside an additional powder room, ensuring practical functionality for multiple occupants.

Comfort is enhanced by split system air-conditioners throughout, a covered alfresco space perfect for sheltered outdoor enjoyment, and secure parking facilities for two vehicles. The north-facing backyard enjoys natural sunlight, contributing to a bright and uplifting environment within the property’s elevated high-side position.

For families or developers, there is significant flexibility; one can maintain the current rooming house setup, revert to a spacious four-bedroom plus study family home featuring three living zones, or explore redevelopment prospects for a prestige residence or premium townhouses, subject to council approval.

The property’s location supports quality education with zoning for Birralee Primary School and Koonung Secondary College, while nearby bus routes offer easy access to prestigious private schools in Balwyn, Canterbury, and Kew. Additional lifestyle conveniences include proximity to the Eastern Freeway, local playgrounds such as Wilsons Reserve, the innovative Next Gen Doncaster precinct, and charming local cafés like The Stables Provedore.

• Eight-bedroom rooming house permit with current strong income
• 658sqm approx. elevated allotment with north-facing backyard
• Versatile layout adaptable for various living or redevelopment options
• Secure parking for two vehicles and covered outdoor areas
• Access to quality schools and excellent transport links

This property stands out for its combination of solid investment returns and versatile family or development potential, making it well-suited to savvy investors, developers, or large family buyers seeking space and opportunity close to essential amenities and transport.