A rewarding opportunity for keen renovators and savvy investors looking for a dual-income stream, this unique property in an exclusive Kensington pocket is a perfect choice either way. Set on approx 400sqm of prime inner-city land, the main residence includes three bedrooms (two with BIRs) and functional bathroom, separate lounge through to the kitchen/meals area, gas heating, laundry, backyard with Art Studio and ROW access. Add to this a large two-level rear townhouse with its own private entrance, three bedrooms, bathroom, living/dining area and adjoining kitchen. Side drive and rear access to carport and studio. Value-adding potential for home buyers and investors alike in a prime city-edge location, it's close to Racecourse Road trams and restaurants, Kensington and Macaulay stations, Moonee Ponds Creek trail and easy access to Citylink.