Huge Family home With Development Potential

118 Victoria Avenue, Margate presents a huge 809m2 block packed full of potential with the opportunity to add value or develop it into 2 lots. This expansive 5-bedroom, 2-bathroom residence is Ideally located in a sought-after neighbourhood of Margate. With the house strategically positioned on the right-hand side of the block, this layout offers the flexibility to build a second dwelling on the left side, all while maintaining the option to live in or rent out the main residence.

This expansive family home is brimming with features and potential, perfect for a keen renovator. Boasting solid foundations, it’s completely liveable or rentable while offering ample opportunity to add value over time. With 5 spacious bedrooms, multiple bathrooms, a fully functional kitchen, and an open living area, there’s plenty of space to accommodate guests or extended family. The covered outdoor deck at the rear serves as an ideal entertainment area, providing a serene overlook of the sprawling backyard.

This property has been prepared for development and the current owners have installed the sewer power and water utilities ready for a second dwelling.

Development potential/Information: (Subject to council approval)
• 809m2 splitter block
• Split into 2x 405m2 blocks
• 2x new builds
• Suburban Neighbourhood zoning
• Dwelling house
• 20.1m frontage
• Residential care facility
• Retirement facility
• Rooming accommodation
• Land bank and live or rent
• Not in a flood zone

Property features:
• Large 5-bedroom 2-bathroom high-set home
• Second set of utilities installed at the property
• Large rear deck and a second deck at the front
• Tiled flooring downstairs and timber upstairs
• Separate laundry
• fans throughout
• Storage garden shed in the backyard
• Side access

118 Victoria Avenue, Margate, boasts an ideal location that perfectly balances suburban tranquillity with easy access to essential amenities. Just 2.6 km from Margate Beach, you can enjoy the sun and sea whenever you like. Families will appreciate the proximity to top schools, with Humpy Bong State School only 1.4 km away and Redcliffe State High School just 1.3 km from home. Healthcare is within easy reach, as Redcliffe Hospital is a mere 800 meters away. For your shopping needs, Peninsula Fair Shopping Centre is conveniently located just 1.0 km away. Additionally, the Brisbane CBD is a manageable 35-minute drive, making commuting straightforward, while Brisbane Airport is only 20 minutes away, providing quick access for travel. This prime location offers convenience and accessibility, making it an ideal choice for both families and developers.