1 Railway Parade

Realise the full potential of this exceptional 704sqm (approx.) corner allotment, superbly positioned within Glen Waverley's highly sought-after Residential Growth Zone and the Glen Waverley Secondary College Zone (STSA). Offering outstanding scope for future redevelopment (STCA), this is an opportunity to secure a blue-chip landholding just steps from Glen Waverley Station and the vibrant Activity Centre. Ideal for developers, investors or land-bankers, the existing double-storey residence provides immediate rental income while you plan your next move. The well-maintained home delivers generous family accommodation, comprising three robed bedrooms, two bathrooms, a separate toilet and a powder room. A flexible layout includes a formal lounge and dining area, a central kitchen with upright oven and cooktop, plus a spacious family room complemented by a practical study nook. Sliding doors extend the living spaces outdoors to a paved entertaining area and sun-filled wraparound backyard, enhanced by a secondary alfresco zone - perfect for tenants or owner-occupiers alike. Comfort is assured year-round with ducted heating, evaporative cooling and high ceilings, while additional features include under-stairs storage, alarm system, water tank, garden shed, and a remote double garage with gated off-street parking. Positioned in the very heart of Glen Waverley, this outstanding address is within walking distance of The Glen Shopping Centre, Kingsway dining precinct, train and bus services, Glen Waverley Primary School, Wesley College, and easy access to EastLink and Monash Freeway. An unbeatable combination of location, land size, zoning and income potential, this is a rare offering not to be missed.