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669-677 North Road, Ormond, Vic 3204-Image

669-677 North Road, Ormond, Vic 3204

$3,000,000 - $3,300,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

1,195 m²

Area

Last updated on Saturday, May 16, 2026 ( See property details for 669-677 North Road, Ormond, Vic 3204)

$3,000,000 - $3,300,000

View the agent price guide.

Chris Hassall - Real Estate Agent - Buxton Glen Eira

Chris Hassall Director/Auctioneer

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Connor Harvey - Real Estate Agent - Buxton Glen Eira

Connor Harvey Sales Consultant

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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 landmark mixed-use property offering exceptional development potential and versatile income streams in a high-traffic, prime location near Carnegie and Bentleigh.

🏡 Property Highlights

Prime landmark intersection location at North Rd and Koornang Rd
Approx. 1,195sqm of versatile land with wide 16.8m frontage
Recognised early-20th-century red-brick industrial building with historic charm
Currently configured as 8 individual units with multiple income streams
Potential for high-profile residential or mixed-use development (STCA)
High exposure with approximately 50,000 vehicles passing daily along North Rd

✨ Key Features

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

Suburb and Property Insights of Ormond, VIC 3204

Ormond is a vibrant suburb renowned for its convenient access to major transport links, diverse shopping and dining options, and a strong community atmosphere. Its proximity to Carnegie and Bentleigh offers excellent amenities, while the area's strategic location ensures high growth potential. The suburb is ideal for investors and developers seeking a high-profile site with significant future upside, all within easy reach of Melbourne CBD and stunning beaches. Local schools, parks, and public transport make Ormond a highly desirable place to live and work.

Frequently Asked Questions

What are the development possibilities for this property?

The property offers scope for a landmark residential or mixed-use development (STCA), capitalising on its high-profile location and existing infrastructure.

What is the current income generated from the property?

The property currently has four tenancies generating approximately $110,000 per annum.

Are there any future income opportunities?

Yes, there is potential for billboard income and other strategic uses, subject to council approval.

What are the zoning details for this property?

The property is zoned as Mixed Use Zone – Schedule 3, allowing for various commercial and residential developments (STCA).

What are the key transport links nearby?

The property is approximately 2.1km from Carnegie Station, 3km from Bentleigh Station, and 12km from Melbourne CBD, with excellent road exposure along North Rd.

What to ask about this property to agent?

Are there any zoning restrictions or planning overlays that could affect development plans? What are the current building and land compliance statuses? Are there any easements, covenants, or restrictions on the land? 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? What are the strata or body corporate arrangements, if applicable? Are there any hidden costs associated with the property, such as levies or maintenance fees? Has the property been inspected for structural issues or defects? Are there any noise or nuisance issues from nearby roads or businesses? What are the future development approval processes and timelines?

669-677 North Road, Ormond, Vic 3204 - More Details

$3,000,000 - $3,300,000

Type: Block Of Units
Bedrooms: 9
Bathrooms: 1
Parkings: 2
Area: 1,195 m²
House Size: 1,031 m²

Price guide

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669-677 North Road, Ormond, Vic 3204

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