181 Reynolds Road

Mount Pleasant WA 6153

This is a once-in-a-generation opportunity to secure a unique and versatile property, set on a generous 884sqm block in one of Mount Pleasant's most tightly held pockets. Whether you are seeking a spacious family home, a multi-generational living arrangement, or a strategic investment, this property delivers a wealth of options.Originally designed in the early 1960s by the original owners and once featured in local newspapers for its innovative, elevated design, the home still retains its forward-thinking charm. Today, it offers not just one, but three distinct self-contained living zones - each with a private entrance. Perfect for extended families, investors seeking multiple rental incomes, or those working from home who need privacy and separation.The main residence includes three bedrooms plus a study or optional fourth bedroom, with light-filled open-plan living areas that flow beautifully to the outdoors. A ground-floor studio and a fully self-contained top-floor unit, each with their own bathroom and kitchen facilities expand the functionality of the home, offering flexible, independent accommodation for guests, relatives, or tenants. Internal connection doors also allow for seamless integration between the zones when needed.Surrounded by established bore-reticulated gardens, the home is a peaceful retreat with stunning garden views. An iconic approx. 60-year-old tree graces the front yard, adding character and privacy, while the elevated position offers potential for city and treetop views.With a 22.1m frontage and R20 zoning, the block itself holds incredible potential for future redevelopment (STCA). All of this within walking distance to the Swan River, Deep Water Point Reserve, vibrant local shops and cafes, and located within the coveted Applecross Senior High School catchment. Brimming with potential, this is a rare one-of-a kind opportunity to secure a foothold in one of Perth's most desirable riverside suburbs. Definitely not one to miss out!PROPERTY FEATURES- Large 884sqm block (approx.) with 22.1m frontage- Zoned R20 - renovate, rebuild, or redevelop (STCA)- Elevated position with potential city and treetop views- Three self-contained zones - each with private entry and internal connecting doors - Main residence: 3 bedrooms, 1 bathroom, study/4th bedroom, open-plan living/dining - Ground floor studio: Combined bedroom/living/kitchenette, separate bathroom/laundry - Top floor unit: 1 bedroom, separate bathroom/laundry, kitchen/living, north-facing balcony with city views- Double undercover carport with additional driveway parking- Lush, private gardens offering multiple entertaining zones- Expansive north-facing alfresco area ideal for gatherings- Bore reticulation and two garden sheds- Reverse cycle air-conditioning units- Applecross Senior High; Mt Pleasant or Brentwood Primary School catchmentCouncil Rates; Approx $2,481 per annumWater Rates: Approx $1,438 per annumDisclaimer:The particulars of this listing have been prepared for advertising and marketing purposes only. We have made every effort to ensure the information is reliable and accurate, however, clients must carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.