Property for Sale in Port Melbourne, Vic 3207
$2,649,000 — $2,899,000
Spacious Family Home + Bungalow with Huge Development Potential in Prized Inner-City Bayside Location
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Phone Enquiry ID: 231305
Welcome to an exceptional opportunity in prime inner-city Melbourne.
Situated on a generous 307m² block, this spacious, single-level family home — complete with a fully self-contained bungalow — offers 5 bedrooms, 3 bathrooms, and outstanding flexibility for families, investors or developers alike.
Enjoy multiple living zones (ideal for multi-generational families), abundant natural light, and polished timber floors throughout. The property comprises the main residence with a private rear Studio Retreat and a self-contained Bungalow each with private access, creating a rare chance to live in one and lease the others — or enjoy lucrative returns from all three. Estimated combined rental income of at least $1,500 per week ($78,000 p.a.) provides exceptional rental return for the savvy investor.
North-facing and wonderfully private and peaceful, this home boasts a huge backyard with an astounding open space area of 100m², and a generous front courtyard of over 40m² — both fully paved with low-maintenance garden beds and established trees offering serenity and shade. This home is fully gated and fenced, making it highly secure, and ideal for pets and growing families.
Key Features:
• Multiple living zones including self-contained Bungalow and Studio Retreat with private access.
• Big family kitchen with loads of work space: European appliances including 6 burner Smeg Gas cooktop.
• Polished timber floors throughout.
• Dedicated BBQ and alfresco entertaining zone.
• Secure off-street parking - carport with lockable roller door.
• Entitled to 3 Port Phillip street parking permits.
Location Highlights:
• A highly desired and prized inner Melbourne bayside location - offering unmatched convenience and amenities.
• Tucked away on a quiet, no-through road, Garton Street is a peaceful enclave just off Bay Street and right on the Port Melbourne / South Melbourne border.
• Easy walk to cafes, pubs, restaurants, and all the shops and services this unique location has to offer.
• Within easy reach: South Melbourne Market, Albert Park Lake, Melbourne Sports and Aquatic Centre(MSAC), Stunning Bayside Beaches, Countless kids playgrounds – to name just a few.
• Close to multiple tram lines and dedicated bike paths with direct and hassle-free CBD access.
• Located in a highly sought-after school catchment zone.
Rare Development Potential (STCA):
With no heritage overlay, minimal private open space restrictions, and a 9m+ building height precedent set by neighbouring developments, this site offers incredible multi-level redevelopment potential — including rooftop deck possibilities with city skyline views and captivating sunsets (STCA).
Whether you’re a growing family, investor, or developer, this remarkable property ticks all the boxes: space, flexibility, lifestyle, and unmatched future potential.
For Sale by Private Treaty — Offers over $2.65 million invited.
Open to offers until: 5pm Monday 16th June, 2025
Inspections: Wednesdays & Saturdays, 11am to 12noon (dates as advertised)
Settlement Terms: Flexible and negotiable, 60–120 days.
Welcome to an exceptional opportunity in prime inner-city Melbourne.
Situated on a generous 307m² block, this spacious, single-level family home — complete with a fully self-contained bungalow — offers 5 bedrooms, 3 bathrooms, and outstanding flexibility for families, investors or developers alike.
Enjoy multiple living zones (ideal for multi-generational families), abundant natural light, and polished timber floors throughout. The property comprises the main residence with a private rear Studio Retreat and a self-contained Bungalow each with private access, creating a rare chance to live in one and lease the others — or enjoy lucrative returns from all three. Estimated combined rental income of at least $1,500 per week ($78,000 p.a.) provides exceptional rental return for the savvy investor.
North-facing and wonderfully private and peaceful, this home boasts a huge backyard with an astounding open space area of 100m², and a generous front courtyard of over 40m² — both fully paved with low-maintenance garden beds and established trees offering serenity and shade. This home is fully gated and fenced, making it highly secure, and ideal for pets and growing families.
Key Features:
• Multiple living zones including self-contained Bungalow and Studio Retreat with private access.
• Big family kitchen with loads of work space: European appliances including 6 burner Smeg Gas cooktop.
• Polished timber floors throughout.
• Dedicated BBQ and alfresco entertaining zone.
• Secure off-street parking - carport with lockable roller door.
• Entitled to 3 Port Phillip street parking permits.
Location Highlights:
• A highly desired and prized inner Melbourne bayside location - offering unmatched convenience and amenities.
• Tucked away on a quiet, no-through road, Garton Street is a peaceful enclave just off Bay Street and right on the Port Melbourne / South Melbourne border.
• Easy walk to cafes, pubs, restaurants, and all the shops and services this unique location has to offer.
• Within easy reach: South Melbourne Market, Albert Park Lake, Melbourne Sports and Aquatic Centre(MSAC), Stunning Bayside Beaches, Countless kids playgrounds – to name just a few.
• Close to multiple tram lines and dedicated bike paths with direct and hassle-free CBD access.
• Located in a highly sought-after school catchment zone.
Rare Development Potential (STCA):
With no heritage overlay, minimal private open space restrictions, and a 9m+ building height precedent set by neighbouring developments, this site offers incredible multi-level redevelopment potential — including rooftop deck possibilities with city skyline views and captivating sunsets (STCA).
Whether you’re a growing family, investor, or developer, this remarkable property ticks all the boxes: space, flexibility, lifestyle, and unmatched future potential.
For Sale by Private Treaty — Offers over $2.65 million invited.
Open to offers until: 5pm Monday 16th June, 2025
Inspections: Wednesdays & Saturdays, 11am to 12noon (dates as advertised)
Settlement Terms: Flexible and negotiable, 60–120 days.