This 1938 Colonial in the Village of Flower Hill has good bones but needs a full gut renovation, retrofit, and expansion to truly take advantage of the slightly larger 8,500 sq ft lot. With R-7 zoning and a maximum FAR of 0.42, the property offers significant upside for buyers who wish to expand the home, potentially up to approximately 3,570 square feet, subject to Village approvals, setbacks, side yards, and all other zoning requirements. The house currently features three bedrooms, 1.5 baths, a living room with wood-burning fireplace, formal dining room, and eat-in kitchen. It already includes a two-car garage, a walk-up attic, two-zone central air conditioning, and two-zone steam heat with a brand-new high-end oil-fired boiler recently installed by Petro. The full basement offers additional storage. There were already plans drawn to expand the second floor over the garage to create a full primary suite and bath. The property currently has virtually no landscaping and would benefit greatly from new plantings to increase privacy and improve curb appeal. The Roslyn School District location is very convenient and accessible. Just down the road from Whole Foods, the Americana Shopping Center, and other major amenities, and about two miles from the LIE and the Manhasset LIRR station.