88 Canterbury Road, Canterbury, Vic 3126

$800,000 - $850,000

Apartment
Type
1
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Wednesday, June 10, 2026 ( See property details for 88 Canterbury Road, Canterbury, Vic 3126)

$800,000 - $850,000

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A rare opportunity to acquire a versatile property combining a leased commercial space with a self-contained residential studio in a highly sought-after location.

🏡 Property Highlights

  • Unique blend of residential and commercial spaces with secure income stream
  • Self-contained studio apartment with modern amenities and flexible leasing options
  • Prime location near Camberwell East Station, local cafes, and walking trails
  • Rear laneway access with parking for two vehicles
  • Period commercial premises leased on a secure 3-year tenancy
  • Approximately 205sqm land size offering ample space and flexibility

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Secure Parking
  • Home Office / Study
  • Open-Plan Living
  • Balcony
  • Ensuite
  • Garage

Canterbury is a highly desirable suburb known for its leafy streets, excellent transport links, and vibrant local amenities. Residents enjoy easy access to parks, walking trails, and a variety of cafes and shops. The area offers a perfect blend of suburban tranquility and city convenience, making it ideal for both owner-occupiers and investors. With proximity to public transport and quality schools, Canterbury continues to attract discerning buyers seeking lifestyle and long-term value.

Is the residential studio suitable for short-term rentals like Airbnb?
Yes, the self-contained studio is ideal for residential or Airbnb leasing, offering flexibility for short-term or long-term tenants.
What are the current lease terms for the commercial premises?
The commercial space is leased on a secure 3-year tenancy, providing reliable income from day one.
Can the property be used solely for residential purposes?
Yes, the property includes a self-contained apartment suitable for owner-occupiers, downsizers, or tenants, with the commercial space leased separately.
What parking options are available?
The property offers rear laneway access with parking for two vehicles, ensuring convenient and secure parking.
Are there any restrictions on modifying the commercial or residential spaces?
Any modifications would need to comply with local planning regulations and zoning requirements, which can be confirmed with council.
Are there any upcoming planning or development applications in the area that could affect the property's value or use? What are the total ongoing costs, including council rates, strata fees (if applicable), and maintenance? Are there any easements, covenants, or zoning restrictions that could limit future modifications or development? Has the property been inspected for structural issues or pests? Is there any history of flooding or bushfire risk in the area? Are there any planned infrastructure projects or construction nearby that could impact noise or access? What are the terms of the current lease, and are there options for renewal or early termination? Are there any strata or body corporate fees associated with the property? Is the property compliant with all building codes and safety regulations? Are there any hidden costs or additional expenses associated with the property’s commercial or residential components?

88 Canterbury Road, Canterbury, Vic 3126 - More Details

$800,000 - $850,000

Type
Apartment
Bedrooms
1
Bathrooms
1
Parkings
2

Price guide

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