This large Ponsonby bay villa has OPPORTUNITY written all over it. Over its 100+ years this home has served its previous owners well, evolving with their needs of the time. Currently configured with three living zones, this home is providing its current owners a good income stream, but it's the future potential here that screams 'the best years are still to come.' Split over two levels, this five bedroom, two bathroom family home is tidy as is, and retains many of its original character features. A big-boned classic, its ripe for a Ponsonby "dream home" makeover. The addition of a self-contained studio at the rear is ideal for extended family or a teenagers retreat. There is a large level and private backyard at the rear, which is an ideal space to relax and take time out from all the hustle this location has to offer. If that's not enough, it has gated access and backs directly onto Tole Reserve, with its large open space and newly refurbished children's playground. Located at the end of a gentrifying no-exit street, this family homes location is probably its biggest asset. Its proximity to Ponsonby Rd, the CBD, great schooling and motorway access means you'll never regret buying here. Whether you're looking for a longer term investment strategy or wanting to renovate a Ponsonby classic to create your family dream home, this is the one. Making Ponsonby Terrace yours is a decision you won't regret. Viewing by appointment, please call to arrange a time.