Mr Bodger said the uses would need to ensure that the operation of the Brookfield Village was not compromised.
"We are not in a position to comment further at this point."
The house was only accessible through the village and had been rented until about a year ago.
A prime mover in questioning why the council appeared to be moving slowly in getting another tenant was nearby resident Rusty Kane.
"It is not good enough to let a house sit empty. It should have been done up and re-tenanted. We can't afford to have places sitting empty."
Mayoral candidate Murray Guy inspected the outside of the property and said even in a substandard state it was better than living in a garage or car. Mr Bodger said the 100sq m house was not part of the elder housing portfolio and was in a poor state of repair internally.
The investigation included making sure the house's insulation met current health and safety requirements, checking for unstable asbestos, ensuring electrical work and plumbing was safe and up to standard and replacing the hot water cylinder.
"We need to consider whether this land could be put to better use."
It was the council's only untenanted residential property. Eleven of its elder housing units had recently been vacated and the council was in the process of refurbishing 10 of the units. The last unit had a structural issue.