Set on an expansive approx. 1,611m2; allotment just a stone's throw from the Ararat CBD and local sporting precincts, this solid brick home offers an incredible opportunity for first-home buyers, savvy investors, and visionary developers alike. Featuring dual street frontage with practical rear access from Waratah Avenue, the sheer size of the block presents outstanding potential for future subdivision or development (STCA).

Inside, the home offers comfortable and practical living. The spacious lounge room is bathed in natural light through beautiful large windows and is kept comfortable year-round with a gas heater and a reverse cycle split system. The adjoining functional kitchen comes well-equipped with electric cooking and an abundance of storage. Three well-proportioned bedrooms service the household, all centered around a neat main bathroom.

Stepping outside, you will find beautifully established gardens that create a serene outdoor backdrop, complete with a single carport and a small rainwater tank for convenience. Dual street access from Waratah Avenue enhances the property's overall versatility, making full use of this impressive land holding.

The property is currently on a periodic lease returning $355 per week, making it a seamless addition to any investment portfolio. For complete peace of mind, all required compliance checks are up to date, including the Gas Safety Check completed in September 2025, as well as the Electrical Safety and Smoke Alarm checks completed in August 2026.

Whether you are looking to secure a quality investment with immediate holding income, move in and enjoy the expansive grounds, or capitalise on a prime multi-dwelling site (STCA), 7 Mimosa Avenue is a rare find.