1-8/226 Jasper Road, McKinnon, Vic 3204

Block Of Units
Type
12
Bedrooms
12
Bathrooms
4
Parkings

Last updated on Monday, July 06, 2026 ( See property details for 1-8/226 Jasper Road, McKinnon, Vic 3204)

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A unique investment opportunity featuring eight character-filled flats on a large corner allotment with significant development potential in McKinnon.

🏡 Property Highlights

  • Rare whole-block opportunity with development potential (STCA)
  • Corner site with two street frontages on over 775sqm
  • Eight flats with a mix of 1 and 2 bedrooms, offering immediate income
  • Character-filled common areas with terrazzo-style flooring
  • Excellent location within McKinnon Secondary College zone
  • Short walk to vibrant Centre Road precinct and Bentleigh Station

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Garage
  • Secure Parking
  • Waterfront / Views
  • Home Office / Study
  • Extra Storage (Shed/Linen)
  • Balcony
  • Pet-Friendly

McKinnon offers a vibrant community with excellent amenities, top-rated schools, and green spaces. Its central location provides easy access to Bentleigh’s bustling Centre Road precinct, Bentleigh Station, and nearby reserves. The area is highly sought after for its family-friendly environment, strong community vibe, and convenient lifestyle options.

What is the current income generated by the flats?
The flats currently provide a strong holding income, with potential for increased returns depending on rental market conditions.
Are there any planning or development restrictions on the site?
Development potential is subject to council approval (STCA), and prospective buyers should review local zoning and planning regulations.
What are the existing amenities and transport options nearby?
The property is within walking distance to Centre Road shops, cafes, Bentleigh Station, and green spaces like McKinnon Reserve and Hodgson Reserve.
Is the property suitable for future redevelopment?
Yes, the large corner allotment with multiple access points offers significant scope for future development (STCA).
Are there any known defects or issues with the property?
The property features character-filled common areas, and any specific defects should be assessed through a building inspection.
Are there any existing easements, covenants, or zoning restrictions affecting the development potential? What are the total ongoing costs, including council rates, body corporate fees, and maintenance? Are there any planned or upcoming infrastructure projects nearby that could impact the property? Has the property been affected by any flooding or bushfire risks? Are there any strata or body corporate arrangements, and what are the associated fees and responsibilities?

1-8/226 Jasper Road, McKinnon, Vic 3204 - More Details

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WHAT
A rare whole-block opportunity in the heart of McKinnon, this red brick complex comprises eight flats spread across two levels on one title, four offering two bedrooms and one bathroom, and four with one bedroom and bathroom. Positioned on a prominent corner with two street frontages and set on over 775sqm (approx.), the property combines immediate character with outstanding large-scale development potential. Classic common areas, including an internal staircase with terrazzo-style flooring, further enhance its enduring appeal.

• 8 flats across 2 levels (4x 2 bedrooms, 4 x 1 bedroom)
• Corner site with two street frontages on 775sqm (approx.)
• Offered on one title with character-filled common areas

WHY
This is an exceptional opportunity for investors, developers and land-bank buyers seeking scale, flexibility and long-term upside in a tightly held location. The generous landholding, corner positioning and multiple access points create exciting scope for future development (STCA), while multiple carports and additional off-street parking support strong existing functionality. A substantial asset with immediate income potential and significant future value.

• Large 775sqm (approx.) corner allotment with development scope (STCA)
• Multiple carports plus ample off-street parking
• Strong holding income with long-term upside potentia

WHERE
Positioned within the highly sought-after McKinnon Secondary College zone, this address delivers outstanding lifestyle convenience. Also zoned for Valkstone Primary, enjoy a short walk to Bentleigh’s vibrant Centre Road precinct for cafés, dining and everyday essentials, along with Bentleigh Station for easy city access. Nearby McKinnon Reserve and Hodgson Reserve provide excellent green spaces for recreation and relaxation.

• In the McKinnon Secondary College zone
• Walk to Centre Road shops, dining and Bentleigh Station
• Close to McKinnon Reserve and Hodgson Reserve
Type
Block Of Units
Bedrooms
12
Bathrooms
12
Parkings
4

Price guide

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