338 Carlisle Street, Balaclava, Vic 3183

$2,700,000 - $2,900,000

Block Of Units
Type
10
Bedrooms
4
Bathrooms
2
Parkings
615 m²
Area

Last updated on Friday, June 19, 2026 ( See property details for 338 Carlisle Street, Balaclava, Vic 3183)

$2,700,000 - $2,900,000

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

A versatile Tudor-loft style property on a large corner block offering multiple income streams, redevelopment potential, and a prime Balaclava location.

🏡 Property Highlights

  • Flexible layout suitable for multiple uses including residential, commercial, or redevelopment
  • Substantial corner allotment of approximately 615 sqm in a sought-after inner-city location
  • Potential for subdivision, reconfiguration, or redevelopment subject to council approval
  • Well-preserved facade with architectural character from the interwar era
  • Ample off-street parking for four vehicles and additional basement storage or workshop space
  • Prime location close to cafes, retail, public transport, parks, and schools

✨ Key Features

  • Open-Plan Living
  • Home Office / Study
  • Ensuite
  • Built-in Robes
  • Outdoor Area
  • Garage
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views
  • Extra Storage (Shed/Linen)

Balaclava is a vibrant inner-city suburb renowned for its eclectic mix of cafes, boutiques, and creative energy. It offers excellent public transport links to Melbourne CBD, proximity to parks and beaches, and a strong community vibe. The area is ideal for families, professionals, and investors seeking a dynamic lifestyle with diverse amenities. Its heritage architecture and lively streetscapes make it a highly desirable place to live and invest.

Can the property be subdivided or redeveloped?
Yes, subject to council approval, the property offers potential for subdivision, reconfiguration, or redevelopment, making it suitable for various development projects.
What are the current uses for the property?
The property is currently set up as three mansion apartments with multiple living areas, kitchens, and bathrooms, suitable for residential use or potential commercial or mixed-use applications.
Is there parking available on the property?
Yes, the property includes off-street parking for four vehicles and additional basement storage or workshop space.
What is the condition of the property?
The facade remains intact with architectural cues of its era, offering scope for restoration, reconfiguration, or more ambitious development (subject to approval).
What amenities are nearby?
The property is close to cafes, bakeries, gyms, personal services, retail outlets, public transport, parks such as St Kilda Botanic Gardens and Alma Park, and leading schools.
Are there any zoning restrictions or easements affecting the property? What are the potential costs associated with subdivision or redevelopment, including council fees and approvals? Are there any existing structural issues or defects that need attention? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or livability? What are the strata or body corporate arrangements, if applicable? Are there any hidden costs for maintenance or repairs not disclosed? Has the property been tested for asbestos or other hazardous materials? Are there any restrictions on commercial usage or alterations to the facade? What are the long-term zoning plans for the area that could influence future development?

338 Carlisle Street, Balaclava, Vic 3183 - More Details

$2,700,000 - $2,900,000

Type
Block Of Units
Bedrooms
10
Bathrooms
4
Parkings
2
Area
615 m²

Price guide

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