For Sale

1018 Lygon Street, Carlton North, Vic 3054

$1,150,000

House

Type

Bedrooms

Bathrooms

Published on Tuesday, October 06, 2026 ( See property details for 1018 Lygon Street, Carlton North, Vic 3054)

$1,150,000

View the agent price guide.

Gavin Zeitz National Sales Director LREA Founder

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Jivaan Carlyon Leasing & Inspections Specialist

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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 versatile mixed-use freehold property on Lygon Street offering retail and residential spaces with a rooftop garden in a prime Melbourne location.

🏡 Property Highlights

Prime high-exposure main road frontage on Lygon Street
Mixed-use retail and residential property with dual income potential
Rooftop garden offering a unique lifestyle feature
Solid brick construction in a tightly held inner-city strip
Approx. 220m² of building area on a 110m² site
Strong investment opportunity with current lease until 2027

✨ Key Features

Built in robes
Outdoor Area
Open-Plan Living
Waterfront / Views
Balcony
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Fully fenced
Pet-Friendly

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1018 Lygon Street

Carlton North, VIC 3054

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Suburb and Property Insights of Carlton North, VIC 3054

Carlton North is a vibrant inner-city suburb renowned for its lively café culture, diverse dining options, and strong community vibe. Its proximity to Melbourne CBD makes it highly desirable for both residents and investors. The area boasts excellent walkability, established amenities, and a mix of historic character and modern living. With ongoing demand for property, Carlton North offers a dynamic lifestyle and strong growth potential.

Frequently Asked Questions

What are the current zoning and planning restrictions for this property?

The property is zoned for mixed-use retail and residential purposes, with potential for dual income streams. Specific planning restrictions should be confirmed with the local council.

Are there any upcoming developments or planning activities in the vicinity?

Potential buyers should consult local planning authorities for information on upcoming developments or zoning changes in the area.

What are the ongoing costs associated with owning this property?

Ongoing costs may include council rates, land tax, maintenance, and any applicable strata or body corporate fees if relevant. The current lease provides a steady income stream until 2027.

Is there any history of flooding or bushfire risk in this area?

Carlton North is generally considered low risk for flooding and bushfires, but buyers should review local environmental reports for detailed risk assessments.

What are the conditions of the current lease, and are there options for early termination?

The current lease is until January 2027 with an annual rent of $66,957. There is an option to move in earlier, subject to lease terms and negotiations.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses not disclosed? Has the property been inspected for structural issues or defects? Are there any easements, covenants, or zoning restrictions affecting the property? Is the property compliant with all local building codes and regulations? Are there any planned developments or construction projects nearby that could impact the property? What are the terms and conditions of the current lease, and are there any rent review clauses? Is there any history of pest infestations or environmental hazards? Are there any strata or body corporate fees applicable if part of a larger complex? What are the noise levels and traffic conditions along Lygon Street? Are there any restrictions on future modifications or renovations to the property?

1018 Lygon Street, Carlton North, Vic 3054 - More Details

$1,150,000

Positioned in the heart of vibrant Carlton North, 1018 Lygon Street presents a rare opportunity to secure a high-exposure freehold in one of Melbourne's most tightly held inner-city strips. This solid brick property offers approximately 220m² of building area on a 110m² site, combining retail and residential appeal with outstanding investment potential. Boasting charming character features throughout, the property includes a residence with access to a rooftop garden, creating a unique lifestyle offering rarely found in such a prime location. With potential for dual income streams from both the retail and residential components, investors can capitalise on strong demand in this thriving precinct. Located just 10 minutes from the Melbourne CBD, the property benefits from constant foot and vehicle traffic along Lygon Street, surrounded by popular cafés, restaurants, and established local amenities.

Features Include;

* Freehold property both residential and commercial retail
* Current lease is $66,957 per annum until January 2027 (option to move in earlier)
* Approx. 220m² building area
* Approx. 110m² land holding
* Mixed-use retail and residential opportunity
* Rooftop garden with lifestyle appeal
* Strong dual-income potential
* High exposure main road frontage
* Solid brick construction
* Only 10 minutes to Melbourne CBD

Secure a blue-chip freehold with income and upside-enquire today!

Type: House
Bedrooms: 3
Bathrooms: 1
House Size: 220 m²

Price guide

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Map & nearby places — 1018 Lygon Street, Carlton North, Vic 3054

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1018 Lygon Street, Carlton North, Vic 3054

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