46 Morris Street, Reservoir, Vic 3073

First time offered to the market, this cherished and well-maintained property in the highly sought-after Merrilands Estate presents an exceptional opportunity for homeowners, investors and developers alike. Set on one title, it comprises a comfortable three-bedroom main residence at the front and a solidly built two-bedroom rear unit, complete with its own separate access.

Offering genuine flexibility, the property can be enjoyed as a spacious family home with additional accommodation, leased as two separate residences to generate dual rental income, or explored for its future development potential (STCA).

The front residence delivers comfortable family living with three spacious bedrooms, all featuring built-in robes, complemented by two generous living zones. At the rear, a substantial rumpus room provides the flexibility to serve as an optional fourth bedroom, home office or additional living space.

Separately accessed, the rear unit provides an excellent opportunity for extended family, teenagers, guests or an additional rental stream. Featuring a large open-plan layout, two bedrooms with built-in robes and its own independent access, it offers privacy and versatility rarely found in a property of this nature.

With two established dwellings already in place, the property presents an enviable combination of immediate usability, dual-income potential and exciting possibilities for the future. Whether you choose to live in one and lease the other, secure two rental incomes, accommodate extended family, or investigate future redevelopment opportunities, this is a rare offering that provides multiple pathways to maximise its potential (STCA). No covenant on the title which is unique for the Merrilands estate.

Positioned for absolute convenience, the property is moments from the vibrant cafe and restaurants of Broadway and Edwardes Street Village, while offering easy access to Summerhill Shopping Centre, Reservoir Station and the Metropolitan Ring Road, in walking distance to both Keon Park and Ruthven train stations. Families will appreciate the proximity to quality local schools including Reservoir High School, St Gabriel's Primary School and Reservoir East Primary School, along with nearby parklands and walking trails that further enhance the area's lifestyle appeal.

Type

House

Bedrooms

5

Bathrooms

2

Parkings

4

Area

1,384 m²