36 Magnolia Drive

Templestowe Lower VIC 3107

Positioned on a generous, leafy allotment in a highly sought-after pocket of Templestowe Lower, this original family home presents a compelling renovation or redevelopment opportunity (STCA). Offered for the first time in many years, the property provides a solid foundation and exceptional scope to create a contemporary family residence or brand-new luxury home in a premium setting. The existing home offers spacious living and dining zones, natural light and leafy garden outlooks, while the functional kitchen and meals area highlight the homes original layout and renovation potential. Comprising four bedrooms, including a main bedroom with ensuite, the floorplan is well suited to a modern reconfiguration or extension. A central bathroom and separate toilet further enhance the practicality of the current dwelling, while underscoring the exciting possibilities for transformation. Outdoors, the expansive backyard and established gardens showcase the true value of the allotment, offering ample space for a significant renovation, extension or complete rebuild (STCA). Zoned for Templestowe Heights Primary School and Templestowe College, this property is located moments from Ruffey Lake Park, Macedon Plaza, Aquarena Aquatic and Leisure Centre, and transport. This is a rare opportunity to capitalise on location, land and long-term potential.* Four well-proportioned bedrooms, main with ensuite* Multiple living and dining zones* Gas ducted heating * Central bathroom with separate toilet* Covered carport with additional off-street parking* Generous backyard with alfresco entertaining area