75 Ontario Avenue Corio, VIC 3214

An exceptional opportunity awaits investors, developers and first-home buyers with this three-bedroom residence, positioned on a generous 725m2 (approx.) allotment with approved plans and permits for five double-storey dwellings.

Offering outstanding future potential, the property presents an opportunity to secure a substantial development site in Corio, with much of the planning groundwork already completed.

For developers, the approved plans and permits provide a valuable head start, allowing purchasers to progress their next project without commencing the planning approval process from scratch, subject to relevant permit conditions and requirements.

Alternatively, investors can explore the potential for rental income from the existing residence while considering their future plans, while first-home buyers have the opportunity to secure a home on a generous allotment with exciting long-term possibilities.

The existing three-bedroom home retains much of its original character while benefiting from several recent improvements, including new carpet throughout, fresh internal painting and a new Colorbond rear fence.

The home offers three bedrooms, a central bathroom and comfortable living spaces, providing a practical layout with scope to further enhance or personalise over time.

Outside, the generous allotment provides ample space to enjoy, while the approved development plans offer an exciting opportunity to unlock the property's future potential.

Conveniently positioned in the heart of Corio, the property is within easy reach of Corio Village Shopping Centre, offering supermarkets, cafes and everyday shopping. Local primary and secondary schools, sporting reserves, community facilities and public transport are also nearby.

With convenient access to the Geelong Ring Road, commuting towards Melbourne or the Surf Coast is straightforward, while North Shore Railway Station and Geelong's CBD are within easy reach.

Property Highlights

-Generous 725m2; (approx.) allotment

-Approved plans for five double-storey dwellings

-Existing three-bedroom, one-bathroom residence

-Original home with scope for further improvements

-New carpet throughout

-Freshly painted interiors

-New Colorbond rear fence

-Potential rental income while considering future development

-Appealing opportunity for investors, developers and first-home buyers

-Convenient access to Corio Village Shopping Centre, local cafes and public transport

-Close to schools, sporting facilities and everyday amenities

-Easy access to the Geelong Ring Road, Melbourne and the Surf Coast

Whether you're looking to secure your next development project, expand your investment portfolio or enter the property market, this versatile property offers immediate possibilities and exciting future potential.

With approved plans and permits already in place, a substantial allotment and an existing residence, this is an opportunity well worth exploring.

*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*

*Photo ID is required at all open for inspections.*