37 Excelsior Street, Reservoir, Vic 3073

Auction $850,000 - $895,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Friday, October 02, 2026 ( See property details for 37 Excelsior Street, Reservoir, Vic 3073)

Auction $850,000 - $895,000

Joe Horton Partner / Licensed Estate Agent / Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile Reservoir home offering renovation potential or a blank canvas for a new residence, with excellent amenities and transport links.

🏑 Property Highlights

  • Potential for renovation or new-build development (subject to council approval).
  • Traditional façade with high ceilings and character features.
  • Spacious backyard with room for additional vehicles or outdoor amenities.
  • Flexible three-bedroom layout with a separate family room.
  • Excellent location close to Reservoir and Regent Stations, parks, and shopping precincts.
  • Zoned for Reservoir West Primary School and Preston High School.

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • High energy efficiency
  • Water tank
  • Ceiling Fans
  • Fully fenced
  • Waterfront / Views
  • Secure Parking
  • Garage
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37 Excelsior Street
Reservoir, VIC 3073
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Vertical aerial view β€” 37 Excelsior Street
37 Excelsior Street — Vertical Aerial  •  Reservoir, VIC 3073  •  Nearmap © 2026

Reservoir is a vibrant suburb renowned for its diverse community, excellent transport links, and abundant parks. It offers a mix of established homes and development opportunities, with easy access to shopping, dining, and educational facilities. The area is ideal for families and investors seeking a dynamic lifestyle with future growth potential.

Can I renovate the existing property to modern standards?
Yes, the property offers a solid foundation with high ceilings and character features, making it suitable for renovation to suit contemporary living needs.
Is there potential for a new build or subdivision?
The property presents opportunities for redevelopment or subdivision, subject to council approval and planning regulations.
What are the key features of the property’s interior?
The home features high ceilings, a separate family room, three bedrooms, and a central bathroom, with a sunroom extending to the backyard.
What amenities are nearby?
The property is close to Reservoir and Regent Stations, local parks, shopping precincts, Summerhill Shopping Centre, and tram access on Gilbert Road.
Is the property suitable for families?
Yes, it is zoned for Reservoir West Primary School and Preston High School, making it ideal for families seeking convenient schooling options.
Are there any planning restrictions or zoning overlays that could affect redevelopment or renovation plans? Has the property been affected by any flooding or bushfire risks in the past? Are there any easements, covenants, or restrictions on the land that could impact future development? What are the council requirements and approval processes for building or subdividing on this site? Are there any existing issues with the property's structure, plumbing, or electrical systems that need attention? Is there any ongoing or upcoming construction activity in the vicinity that could affect living conditions? What are the total costs involved in renovating or redeveloping the property, including permits and council fees? Are there any strata or community title considerations if planning to subdivide or develop? What is the history of the property regarding previous repairs, renovations, or damage? Are there any local noise, traffic, or environmental concerns that could impact quality of life?

37 Excelsior Street, Reservoir, Vic 3073 - More Details

Auction $850,000 - $895,000

For renovators, builders and buyers with a vision, this three-bedroom Reservoir home presents a genuine opportunity to decide what comes next. Retain and transform its original character, undertake a substantial renovation or explore the potential for a completely new residence in the future, subject to council approval.

Behind its traditional faΓ§ade, high ceilings and a bay-windowed front bedroom hint at the character already in place. A separate family room leads through to the kitchen and adjoining meals area, creating a central living hub with plenty of scope to rethink, refresh or reconfigure.

Three bedrooms provide flexible accommodation, supported by a central bathroom, while the laundry incorporates an additional shower and toilet to effectively provide a second bathroom zone. At the rear, a sunroom extends the internal footprint and opens to a spacious backyard with room for additional vehicles, a caravan or other outdoor requirements.
For buyers keen to renovate, the existing layout provides a substantial starting point with defined living spaces, high ceilings and a generous rear setting to work with. For those looking further ahead, the property also presents the opportunity to clear the slate and pursue a new-home vision tailored to the site, subject to council approval.

The location adds further weight to either path. Reservoir and Regent Stations, local parks and the shopping and dining precincts of Edwardes Street and Broadway are all within easy reach, along with Summerhill Shopping Centre and convenient access to Gilbert Road trams. Zoned for Reservoir West Primary School and Preston High School, the address places schools, transport and established local amenities close at hand.

Live in while you plan, renovate to create something uniquely your own or explore the possibilities of starting again; this is a property with the flexibility to take a very different shape in its next chapter.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2

Price guide

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in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Tue 6 Oct 5:15 pm

    Tuesday 6 October
    5:15 pm - 5:45 pm

Auctions

  • 37 Excelsior Street, Reservoir, Vic 3073

    Saturday 24 October
    2:00 pm
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