Positioned on a significant 1,867m2 (more or less) site, the property includes an approved, council-consented sub-division, unlocking incredible potential for development or land banking in one of the city's most prestigious locations. The sub-dividable rear section is privately set, with access down a right of way, making it ideal for a second dwelling or future investment. This is your chance to secure something truly special - an iconic Hokowhitu residence, famously known as one of Palmerston North's cherished "Three Sisters". Built in 1932, this grand home exudes elegance, character, and charm, while offering all the modern comforts you'd expect today. The home itself spans 232m2 (more or less) and flaunts original features, which have been thoughtfully preserved and restored, including stunning leadlight windows, hand-crafted plaster ceilings, and custom detailing throughout. Modern comforts such as ducted heating enhance everyday living. Inside, the layout is as generous as it is versatile. Multiple living zones include a formal lounge with open fireplace, a cosy TV room, and a funky bar area that adds a touch of personality. The open-plan kitchen and dining space are perfect for both daily living and entertaining. A powder room, large laundry, and ample storage complete the ground floor. Upstairs, four spacious bedrooms each have their own unique charm and excellent storage. The master features an ensuite complete with a 900L spa-jet bath and mood lighting. The main bathroom is a true retreat, boasting a built-in sauna, luxurious four-head shower, bath, separate toilet, and large attic space. Step outside and discover a grass tennis court, beautifully landscaped gardens, multiple garages, and a double garage with an attached 36m2 (more or less) rumpus room including a sink and toilet. Above it, a spectacular 40m2 (more or less) glass conservatory captures natural light and garden views. This is more than a home, it's a legacy property with future potential already secured. Whether you're looking to enjoy a prestigious family home, explore development, or simply invest in location and lifestyle, this unique opportunity ticks every box. Sub-division Council approved, this rear section of 209 Victoria Avenue can now be sold separately, making it ideal for separate dwellings or future investment. The potential here is ready for you to realise. Get in touch today for your private viewing.