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3 & 3A Albion Street, Balaclava, Vic 3183 For Sale
3 & 3A Albion Street, Balaclava, Vic 3183 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Image 3 & 3A Albion Street, Balaclava, Vic 3183-Floorplan

3 & 3A Albion Street, Balaclava, Vic 3183

$4,500,000 - $4,950,000

Block Of Units
Type
30
Bedrooms
16
Bathrooms
5
Parkings
1,388 m²
Area

Last updated on Friday, August 14, 2026 ( See property details for 3 & 3A Albion Street, Balaclava, Vic 3183)

$4,500,000 - $4,950,000

Open on Tuesday 18 August 2:00 pm | View All

Auction Thursday 20 August at 2:30 pm | View All

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

A highly versatile and substantial property on a large allotment in the sought-after Balaclava area, offering exceptional development and lifestyle potential.

🏡 Property Highlights

  • Substantial 1,388m2 allotment with versatile development potential
  • Three expansive levels offering flexible accommodation options
  • Self-contained spaces with living, bedroom, bathroom, and kitchenette facilities
  • Ideal for student accommodation, rooming house, or office use (STCA)
  • Generous internal courtyard providing outdoor space
  • Prime location close to Ripponlea Village, Carlisle Street, and Brighton Road trams

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Security Screens / Gates
  • Floorboards
  • Workshop
  • Internal Laundry
  • Pet-Friendly
  • Balcony

Balaclava is a vibrant suburb renowned for its eclectic mix of cafes, boutique shopping, and cultural attractions. It offers excellent public transport links, proximity to St Kilda Beach, and a strong community vibe. The area is highly sought after for its lifestyle appeal and long-term growth prospects, making it ideal for investors and residents alike. With easy access to major roads and amenities, Balaclava combines convenience with a relaxed coastal lifestyle.

What are the potential uses for this property?
This property offers versatile options including student accommodation, a rooming house, offices, or other residential or commercial ventures, subject to STCA approval.
Is there scope for redevelopment or renovation?
Yes, the property presents outstanding scope for partial redevelopment, renovation, or reimagining to suit various uses, with potential STCA.
What amenities are nearby?
The property is conveniently located close to Ripponlea Village, Carlisle Street, Ripponlea Station, Brighton Road trams, and is within easy reach of St Kilda and the bay.
Are there any restrictions or planning considerations?
Potential buyers should consult local council for specific planning controls, zoning, and any restrictions related to redevelopment or use of the property.
What is the condition of the property?
The property features multiple self-contained spaces across three levels, with flexible layouts suitable for various uses, though specific condition details should be confirmed via inspection.
Are there any existing planning restrictions or zoning limitations that could affect redevelopment plans? What are the total ongoing costs, including council rates, maintenance, and potential strata fees? Are there any easements, covenants, or encumbrances registered on the title? Has the property been tested for environmental issues or contamination? Are there any upcoming infrastructure projects or developments in the area that could impact the property’s value or use? What is the history of the property regarding previous uses or modifications? Are there any known issues with the structural integrity or compliance of the existing buildings? Is there any history of flooding or bushfire risk in this location? What are the parking and access arrangements, and are they sufficient for intended use? Are there any strata or body corporate considerations if parts of the property are separately titled or managed?

3 & 3A Albion Street, Balaclava, Vic 3183 - More Details

$4,500,000 - $4,950,000

BED: 42 BATH: 16 CAR: 5
An exceptional opportunity awaits to secure a unique & highly versatile property on substantial 1,388m2* allotment, perfectly positioned close to all the vibrant action of Balaclava. Brimming with future potential, it presents outstanding scope for investors, renovators or developers to reimagine, enhance or explore partial redevelopment possibilities (STCA) in a sought after blue chip location where lifestyle appeal & long term growth go hand in hand. Spread across three expansive levels, the property offers remarkable flexibility & plenty of accommodation with a combination of self contained spaces featuring living, bedroom, bathroom & kitchenette facilities, alongside additional single bedrooms with a communal kitchen, lounge, bathroom & laundry on each of the three levels. Whether it’s student accommodation, a rooming house, offices or an entirely new venture (STCA), the possibilities invite your inspired creativity. The property also features a generous internal courtyard space, a double garage at the rear & three open car spaces at the front. Ideally located moments from Ripponlea Village, Carlisle Street, Ripponlea Station & Brighton Road trams, with easy access to St Kilda & the bay. Don’t miss this rare opportunity to capitalise on this fantastic address!
*Approximate Title Dimensions.
Type
Block Of Units
Bedrooms
30
Bathrooms
16
Parkings
5
Area
1,388 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Tue 18 Aug 2:00 pm

    Tuesday 18 August
    2:00 pm - 2:30 pm
    Add to calandar Remind Me

  • Inspection Thu 20 Aug 2:00 pm

    Thursday 20 August
    2:00 pm - 2:30 pm
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Auctions

  • 3 & 3A Albion Street, Balaclava, Vic 3183

    Thursday 20 August
    2:30 pm
    Add to calandar Remind Me
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