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Versatile Lambton Property: Family Home, Income Generator & Development Opportunity
Presenting a unique opportunity in the heart of Lambton, this expansive property offers a rare blend of comfortable family living, significant rental income potential, and future development prospects. Situated on a prominent business street, it benefits from excellent exposure and convenient access to local amenities, making it an ideal investment for discerning buyers.
The main residence features three well-proportioned bedrooms and two bathrooms, including an en-suite. The living spaces are thoughtfully designed with two open-plan lounges, complete with a cosy fireplace, and a dedicated dining room offering ample cupboard space. A functional kitchen and separate scullery cater to all culinary needs, ensuring a practical and inviting home environment.
Adding to its appeal, the property includes two independent cottages, each comprising a bedroom, lounge, kitchen, and bathroom – perfect for generating consistent rental income. An additional outside office building is currently leased to legal professionals, further enhancing the property's income stream. Ample parking is available with a double garage, a carport for two vehicles, and extensive additional parking space.
Set on a substantial 3900 sqm erf, this property is zoned for a residential complex, offering the potential to develop up to ten units. Security is well-addressed with CCTV cameras, electric fencing, burglar bars, and an access gate. While the swimming pool requires some attention, it represents a valuable asset for future enjoyment. Its prime location ensures proximity to schools, public transport, Lambton Gardens Mall, and major highways.
This property truly offers endless potential – whether you seek a family home, a robust income-generating asset, or a strategic development site. Contact us today to arrange a viewing and explore the myriad possibilities this exceptional Lambton property has to offer.
Key Features