Presenting a rarely available opportunity with approved plans and permits for a multi level development consisting of ten apartments and basement car parking in an outstanding Malvern East location. A substantial corner allotment with dual street frontage and north facing rear underscores such grand possibilities. Alternatively there is significant scope to craft a brand new contemporary family residence complete with modern proportions and luxurious finishes (STCA). The existing dwelling represents a perfectly comfortable residence comprising four bedrooms with robes, study, multiple living areas, functional kitchen, family bathroom, laundry with shower, powder room, sizeable rear garden and garage with space for multiple cars. In a prime location with public transport on the doorstep, easy freeway access and an abundance of parklands including Urban Forest Reserve and a myriad of walking and bike tracks connecting to Gardiners Creek Trail. Additionally Chadstone Shopping Centre is a stone's throw away, along with plenty of fine schooling options.