1-5/42 Magnolia Road, Gardenvale, Vic 3185

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Gary Peer & Associates - Caulfield North

1-5/42 Magnolia Road, Gardenvale, Vic 3185

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Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Last updated on Monday, July 06, 2026 ( See property details for 1-5/42 Magnolia Road, Gardenvale, Vic 3185)

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Daniel Micmacher - Real Estate Agent - Gary Peer & Associates - Caulfield North

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Jeremy Rosens - Real Estate Agent - Gary Peer & Associates - Caulfield North

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity offering five spacious, well-maintained apartments on a substantial allotment in the highly sought-after Gardenvale locale, with immediate rental income and future growth potential.

🏡 Property Highlights

Solid block of five well-maintained, house-sized apartments
Immediate rental income with all apartments currently tenanted
Generous 920m2 allotment in sought-after Gardenvale
Light-filled, spacious two-bedroom apartments with leafy outlooks
Private entry for the elevated front apartment with two bathrooms
Excellent location within Gardenvale Primary School zone and close to amenities

✨ Key Features

Built-in Robes
Outdoor Area / Balcony
Split System Heating / Cooling
Open-Plan Living
Ensuite
Waterfront / Views
Secure Parking
Extra Storage (Shed/Linen)
Home Office / Study Nook
Internal Laundry

Suburb and Property Insights of Gardenvale, VIC 3185

Gardenvale is a highly desirable suburb known for its vibrant local shops, cafes, and parklands. It offers excellent transport links, proximity to quality schools, and a strong community atmosphere. The area presents outstanding long-term growth prospects and lifestyle appeal for residents and investors alike.

Frequently Asked Questions

What is the current rental income generated by the apartments?

The apartments are all currently tenanted, providing immediate rental returns, though specific income details should be confirmed with the current landlord or agent.

Are there any planned developments or zoning changes in the area?

Potential buyers should consult local council planning departments for any upcoming developments or zoning regulations that may impact the property.

What are the ongoing maintenance costs for the block of units?

Maintenance costs can vary; prospective buyers should request detailed financial statements and strata reports to understand ongoing expenses.

Is the property compliant with all building and safety regulations?

All apartments are maintained to a high standard, but buyers should verify compliance certificates and any required upgrades during due diligence.

What are the future development prospects for this property?

The property offers long-term growth potential, subject to STCA (Subject To Council Approval), allowing for future development or renovation opportunities.

What to ask about this property to agent?

Are there any existing easements, covenants, or restrictions affecting the property? What are the strata or body corporate fees and what do they cover? Are there any known issues with the building structure or systems? Is there any history of flooding or bushfire risk in the area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or livability?

1-5/42 Magnolia Road, Gardenvale, Vic 3185 - More Details

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Type: Block Of Units
Bedrooms: 10
Bathrooms: 6
Parkings: 5
House Size: 920 m²

Price guide

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Email Enquiry To Gary Peer & Associates - Caulfield North

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1-5/42 Magnolia Road, Gardenvale, Vic 3185

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