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338 Carlisle Street, Balaclava, Vic 3183-Image For Sale
338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Image 338 Carlisle Street, Balaclava, Vic 3183-Floorplan 338 Carlisle Street, Balaclava, Vic 3183-Floorplan

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

Grand Tudor-loft style building on a substantial corner allotment of (approx) 615 sqm currently set up as 3 mansion apartments offering an array of potential uses.
· Residential , live in one , rent the others out
· Subdivide /redevelop multi unit site (stca and town planning)
· Commercial usage -- offices /professional suites (stca and town planning)

The layout is flexible rather than fixed. Ten bedrooms and four bathrooms span the ground and first floors, with three kitchens, several living areas, two sunrooms, an office, and storerooms throughout. The configuration suits extended family living, guest accommodation, consulting suites, or an investment hold with the ability to generate multiple income streams.

The facade remains intact, and the home retains the architectural cues of its era within an enclave known for interwar character. The grounds offer wide frontage, depth to the rear and off-street parking for four vehicles, with a separate basement adding further storage or workshop potential. There's scope for restoration, reconfiguration or something more ambitious (subject to council approval).

This is one of the inner-city's genuinely complete neighbourhoods. Cafés, bakeries, gyms, personal services and independent retail are at the doorstep, alongside the food culture, weekend energy and creative pulse the area has long been known for. Balaclava Station and tram routes put the CBD within easy reach, while the St Kilda Botanic Gardens, Alma Park and a strong selection of leading independent schools complete a location with little left to want for.

The investment case stacks up on three fronts: 615sqm (approx) of land in a pocket that rarely turns over, an income-ready set-up, and clear value-add upside.

All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatements.
Type
Block Of Units
Bedrooms
10
Bathrooms
4
Parkings
2
Area
615 m²

Price guide

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