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Versatile Residential Property – Ideal for own use or Investment Rajagiriya | Walawwatta

Rajagiriya, Rajagiriya, Colombo

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LKR 49,000,000

House

Sale

6 bed

4 bath

A rare opportunity to own a thoughtfully built, well-maintained residence in the highly sought-after Rajagiriya area. Originally designed as a private family home, this property was later adapted for rental purposes using only temporary gypsum partitions—with no permanent structural alterations. This gives the next owner complete flexibility: seamlessly restore it into a spacious single-family home or continue operating it as an income-generating investment. WHY THIS PROPERTY STANDS OUT Built for comfortable family living, not a boarding house No structural changes – only reversible gypsum partitions Layout can be restored easily at minimal cost IDEAL FOR r: Private residence Rental income investment Hybrid living (owner + rental) PRIME LOCATION ADVANTAGE Just 500m walk to Rajagiriya main bus halt, Keells Super & major banks Only 3 minutes to Castle Hospital, Golden Key Hospital & Borella Close proximity to leading schools & government institutions 10 minutes to Diyatha Uyana, Battaramulla & Waters Edge Situated on flood-free land with no adverse weather history PROPERTY DETAILS Parking: Space for 2 - 3 vehicles Ground Floor: ~1,400 sq.ft First Floor: ~1,400 sq.ft + 220 sq.ft balcony (red cement finish) Rooftop Terrace: ~750 sq.ft ADDITIONAL FEATURES 4KW Solar Power System (cost-saving & sustainable) CCTV Surveillance System Hot Water System Installed Covered solar roof + open terrace Future expansion potential (e.g., shared accommodation / boarding concept) This property is especially attractive for investors looking to: Enhance rental yield through better unit optimization Convert into a premium boarding / co-living space Benefit from high-demand Rajagiriya location growth