261 Joseph Street, Canadian, Vic 3350

$475,000 - $500,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Published on Friday, May 01, 2026 ( See property details for 261 Joseph Street, Canadian, Vic 3350)

$475,000 - $500,000

Michael Edgar Senior Sales Constant, Licensed Estate Agent
Penny Shields RESIDENTIAL SALES CONSULTANT
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Exceptional corner property in Ballarat East offering a thriving milk bar business, a comfortable 2-bedroom residence, and exciting development potential on a substantial corner allotment.

🏡 Property Highlights

  • Established milk bar business with existing customer base
  • Huge corner block offering significant development potential
  • Prime corner position with excellent exposure and accessibility
  • Two-bedroom residence providing comfortable living or rental income
  • Multiple income streams from business and residential rental
  • Potential for subdivision or multi-unit development (subject to council approval)

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Open-Plan Living
  • Extra Storage (Shed/Linen)
  • Secure Parking
  • Home Office / Study
  • Ceiling Fans
  • Waterfront / Views

Ballarat East is a vibrant suburb known for its growing community, convenient amenities, and excellent development prospects. It offers a mix of historic charm and modern growth, making it ideal for investors and families alike. The area boasts easy access to transport, schools, and shopping precincts, ensuring a convenient lifestyle. With ongoing infrastructure improvements, Ballarat East continues to attract new residents and businesses. This location provides a perfect balance of potential and lifestyle appeal.

What are the current zoning and development restrictions for this property?
The property is subject to local council zoning regulations, and any development or subdivision plans will require approval from the Ballarat City Council. It is recommended to consult with the council for specific restrictions and requirements.
Is the milk bar business profitable and what are its operating hours?
The milk bar has an established customer base and offers potential for ongoing income. Operating hours and profitability details can be obtained during the inspection or by contacting the agent directly.
Are there any known issues or defects with the property?
A thorough property inspection is recommended to identify any structural or maintenance issues. The current condition is suitable for renovation or development, but due diligence is advised.
What are the potential costs involved in developing or subdividing the site?
Development costs will include council application fees, potential demolition or renovation expenses, and infrastructure upgrades. A detailed feasibility study and consultation with local authorities are recommended.
Are there any nearby planning or construction activities that could impact the property?
Potential buyers should check with the local council for any upcoming projects or zoning changes in the area that could influence development or property value.
Are there any hidden costs associated with the property, such as outstanding council rates or easements? Has the property been inspected for structural issues or pest infestations? Are there any restrictions or covenants on the property that could limit development? What are the zoning regulations and are there any planned changes in the area? Is there any history of flooding or bushfire risk in this location? Are there any existing easements or rights of way that could affect development plans? What are the current and future infrastructure plans for Ballarat East that might impact the property? Are there any strata or body corporate fees applicable if subdivided or developed? Is the property compliant with all local building codes and regulations? Are there any nearby construction activities that could cause noise or disruption during development?

261 Joseph Street, Canadian, Vic 3350 - More Details

$475,000 - $500,000

Type
House
Bedrooms
2
Bathrooms
1
Parkings
1

Price guide

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