Imagine sitting on the front balcony, sipping a drink and watching the sun go down over Waites Lagoon. This property has numerous possibilities for a person with creativity, flair and vision! On a large block of approximately 871m, the capital improvements include a commanding 2 storey house, a double carport and an outbuilding. Originally built in 1950, this solid brick home boasts 12 bedrooms, 3 kitchens, 3 bathrooms, 1 laundry & 1 lounge (including outbuilding). In its hey-day, it also had a study, a living room and a dining room. Currently used as a Boarding House with good returns, you could maintain it as such or it could make the lucky purchaser a wonderful residence. There is also room to build additions like alfresco dining areas, additional rooms or sheds(STCA). Then again, with an outlook across the lagoon and playground, you may want to build townhouses and take advantage of being strolling distance to Dean St and the Albury CBD with its thriving restaurant, bar and entertainment precinct! Last sold over 20 years ago, this truly is one of those "once in a lifetime" opportunities. Excited? Why wouldn't you be.......the Possibilities are endless! Floor plans for the main house attached, not to scale.