25 Ontario Avenue, Corio, Vic 3214

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

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
701 mΒ²
Area

Published on Tuesday, March 17, 2026 ( See property details for 25 Ontario Avenue, Corio, Vic 3214)

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

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

A solid, versatile family home on a large block in Corio, offering excellent investment and development potential.

🏑 Property Highlights

  • Generous 702m² allotment offering development potential (STCA)
  • Solid concrete construction ensuring durability and longevity
  • Currently leased at $300 per week with scope to increase rental income
  • Rental appraisal of $420–$440 per week for strong investment returns
  • Flexible options for investment, renovation, or future development
  • Prime Corio location with growth prospects

✨ 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)
  • Well-maintained and durable construction
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25 Ontario Avenue
Corio, VIC 3214
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Vertical aerial view β€” 25 Ontario Avenue
25 Ontario Avenue — Vertical Aerial  •  Corio, VIC 3214  •  Nearmap © 2026

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 atmosphere. The area is ideal for investors and families seeking a convenient lifestyle with future development prospects. With ongoing infrastructure improvements, Corio continues to attract new residents and investment, making it a strategic choice for property buyers.

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.
Is there potential for future development or subdivision on this site?
Yes, the large 702mΒ² block offers potential for development or subdivision, subject to council approval (STCA). Buyers should conduct their own due diligence regarding planning permissions.
What is the condition of the property and are there any known defects?
The property is a solid concrete home built to last, with no known defects mentioned. A thorough inspection is recommended to assess its condition.
Are there any upcoming infrastructure projects or planning changes in Corio that could affect this property?
While specific projects are not detailed, Corio is a growing area with ongoing infrastructure improvements. Buyers should consult local planning authorities for the latest updates.
What are the terms of the current lease, and is there scope to increase rent?
The property is leased on a periodic basis at $300 per week, with potential to increase the rent to an estimated $420–$440 per week based on current market appraisal.
Are there any existing easements, covenants, or zoning restrictions that could limit future development or renovations? Has the property been affected by flooding, bushfire risks, or other environmental hazards? Are there any outstanding council or strata fees, or other financial encumbrances? Is there any planned nearby construction or development that could impact the property’s value or livability? What are the specific terms and conditions of the current lease, and are there any upcoming lease expirations or rent reviews?

25 Ontario Avenue, Corio, Vic 3214 - More Details

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

Set on a generous 702mΒ² (approx.) allotment, this solid concrete home offers an outstanding opportunity for investors, developers, or buyers looking to secure a property with plenty of future potential.


Known for its durability and long-lasting construction, the home features three well-sized bedrooms, a central bathroom, and a comfortable living and kitchen area. A double car space provides secure parking and added convenience.


Currently tenanted on a periodic lease at $300 per week, the property provides immediate rental income with the flexibility to increase the rent, move in, renovate, or explore future development opportunities (STCA).


With a rental appraisal of $420 – $440 per week, this property presents strong potential to improve returns. Additionally, plans and permits were previously issued on 22/03/2022 (buyers should conduct their own due diligence regarding current validity).


Whether you are looking to invest, landbank, develop, or create your ideal home, this property offers incredible flexibility in a growing Corio location.


Key Features

- 3 spacious bedrooms

- Central bathroom

- Solid concrete home built to last

- Comfortable living and functional kitchen area

- Double car space

- Generous 702mΒ² (approx.) block

- Currently leased at $300 per week (periodic lease)

- Opportunity to increase rental return

- Rental appraisal: $420 – $440 per week

- Potential development opportunity (STCA)


Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.


Disclaimer: All stated dimensions in the content and photos are approximate only.


Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
701 mΒ²

Price guide

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