Solid Concrete Home on 702m² with Endless Potential with Permit Approved x4 Townhouses

For Sale

25 Ontario Ave, Corio, VIC, 3214

Solid Concrete Home on 702m² with Endless Potential with Permit Approved x4 Townhouses

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Tuesday, March 17, 2026 ( See property details for 25 Ontario Ave, Corio, VIC, 3214)

$579,000 - $629,000 Plans Permit Approved x4 Units

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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 durable concrete home on a large 702m² block in Corio, offering excellent investment, development, and renovation potential.

🏡 Property Highlights

Generous 702m² allotment offering development potential (STCA).
Solid concrete construction ensuring durability and longevity.
Flexible investment opportunity with current tenancy and rental growth potential.
Prime location in the growing suburb of Corio with future development prospects.
Currently leased at $300 per week with a rental appraisal of $420–$440 per week.
Includes a double car space for secure parking and convenience.

✨ Key Features

3 spacious bedrooms
Central bathroom
Solid concrete home built to last
Comfortable living and functional kitchen area
Double car space
Generous 702m² (approx.) block
Currently leased at $300 per week (periodic lease)
Opportunity to increase rental return
Potential development opportunity (STCA)
Periodic lease with flexible options

Suburb and Property Insights of Corio, VIC 3214

Corio is a vibrant suburb known for its affordability and growth potential. It offers excellent amenities, proximity to schools and shopping centres, and a strong community vibe. The area is ideal for investors and families seeking a convenient lifestyle with future development opportunities. With ongoing infrastructure improvements, Corio continues to attract new residents and investors alike.

Frequently Asked Questions

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

The property has previous plans and permits issued, but buyers should verify current zoning and development restrictions with the local council to ensure compliance and suitability for their intended use.

Are there any known issues or defects with the property?

The property is constructed from solid concrete, which is durable; however, prospective buyers should conduct a thorough inspection to identify any potential issues or defects.

What are the ongoing costs associated with owning this property?

Ongoing costs may include council rates, maintenance, insurance, and any strata or body corporate fees if applicable. Buyers should request a detailed cost estimate from the seller or their agent.

Is the property suitable for future development or subdivision?

The property offers potential for development (STCA), given its large 702m² allotment and previous planning permits. Buyers should conduct their own due diligence regarding current planning regulations.

What is the condition of the property's infrastructure and utilities?

The property is a solid concrete build with functional living spaces; however, buyers should verify the condition of utilities such as water, electricity, and sewerage during inspections.

What to ask about this property to agent?

Are there any existing planning restrictions or easements on the property that could affect development plans? Has the property been tested for any environmental issues, such as soil contamination or flood risk? Are there any upcoming infrastructure projects or zoning changes in the area that could impact property value? What are the total costs involved in obtaining development approval and permits? Is there any history of structural issues or repairs needed for the concrete construction? Are there any strata or community title considerations, or is it a freehold property? What are the local council's requirements for subdivision or redevelopment of this site? Are there any restrictions or covenants attached to the property that limit use or modifications? Has the property been affected by any recent natural events, such as flooding or bushfires? Are there any planned or ongoing nearby construction activities that could cause noise or disruption?

25 Ontario Ave, Corio, VIC, 3214 - More Details

Solid Concrete Home on 702m² with Endless Potential with Permit Approved x4 Townhouses

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2

25 Ontario Ave, Corio, VIC, 3214 - Point Of Interest

Locate Near By Places of 25 Ontario Ave, Corio, VIC, 3214 On Map

Your Commute at a Glance: 25 Ontario Ave, Corio, VIC, 3214

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25 Ontario Ave, Corio, VIC, 3214

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