48 Kaniva Street, Dallas, Vic 3047

$865,000

House
Type
6
Bedrooms
3
Bathrooms
606 m²
Area

Published on Monday, May 18, 2026 ( See property details for 48 Kaniva Street, Dallas, Vic 3047)

$865,000

Amin Khoder Sales Executive | Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile, high-yield investment property with three self-contained residences in a prime Dallas location, offering strong income and flexible living options.

🏡 Property Highlights

  • Three fully self-contained residences generating a combined rental income of $69,600 per annum
  • Impressive 8.1% rental yield from day one, ideal for investors seeking strong returns
  • Flexible layout suitable for extended families or multi-generational living
  • Prime Dallas location close to schools, sports clubs, shops, and public transport
  • Low vacancy risk with diverse tenant options and long-term stability
  • Separate living spaces with modern kitchens and bathrooms for privacy and convenience

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Ensuite
  • Home Office / Study
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
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48 Kaniva Street
Dallas, VIC 3047
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Vertical aerial view — 48 Kaniva Street
48 Kaniva Street — Vertical Aerial  •  Dallas, VIC 3047  •  Nearmap © 2026

Dallas is a vibrant suburb offering excellent amenities, including quality schools, sports facilities, and shopping options. Its strategic location provides easy access to major arterials and public transport, making it ideal for families and investors. The community is family-friendly with parks and recreational facilities, ensuring a comfortable lifestyle. The area boasts strong rental demand, supported by its proximity to educational institutions and employment hubs. Dallas combines convenience, community spirit, and growth potential for a rewarding living and investment experience.

What is the current condition of the property and its maintenance requirements?
The property is well-maintained with modern kitchens and bathrooms, requiring minimal ongoing upkeep to ensure continued functionality and appeal.
Are there any restrictions or covenants on the property that could affect future development or renovations?
The property is on a single title with no known restrictions; however, prospective buyers should verify with local council regarding any specific covenants or zoning regulations.
What are the average utility costs for the three residences?
Utility costs vary depending on usage, but tenants typically cover their own electricity, water, and internet, with the property owner responsible for council rates and maintenance.
Is there any ongoing or upcoming development in the surrounding area that could impact the property?
Current planning and development activities in the vicinity are minimal, and the area remains stable with ongoing community amenities and infrastructure improvements.
What are the terms of the current leases, and are they renewable?
All three residences are currently leased with fixed-term agreements, and lease renewal terms can be negotiated with tenants or through property management.
Are there any hidden costs associated with property management or maintenance that I should be aware of? Has the property been inspected for structural issues, pests, or asbestos? Are there any zoning restrictions or easements that could limit future modifications? Is the property located in a flood or bushfire-prone area, and what mitigation measures are in place? Are there any upcoming planning or construction projects nearby that could affect the property's value or livability? What are the strata or body corporate fees, if applicable, and what do they cover? Are there any existing or potential disputes with neighbors or local authorities? What are the long-term capital growth prospects for the Dallas area? Has the property been compliant with all building codes and regulations? Are there any restrictions on renting out the property or specific lease conditions I should know about?

48 Kaniva Street, Dallas, Vic 3047 - More Details

$865,000

High‑yielding, flexible, and future‑proof, a property like this is built for investors who want strong, immediate returns, offering three fully self‑contained residences, all currently leased and generating a solid $69,600 per annum giving an impressive 8.1% rental yield from day one. At the front, the main residence offers three bedrooms, a central bathroom, a generous lounge, and a modern kitchen with meals area. Just behind it sits the studio, a neat one‑bedroom/living space with its own kitchen and bathroom, always in demand for its simplicity and affordability. Completing the trio, the granny flat at the rear provides two bedrooms, a central bathroom, and an open‑plan living and dining area overlooked by a modern kitchen. For investors, the appeal is obvious: three incomes, one title, low vacancy risk, and a diverse tenant mix that supports long‑term stability. The property also holds strong appeal for extended families, a rare setup where everyone can live close while maintaining independence and privacy. In an outstanding Dallas location, the home is just footsteps from Holy Child Primary, and the Upfield Soccer Club, an easy walk to both Ilim and Sirius College junior campuses, and within easy reach of a large selection of shops, additional schooling, kindergartens, public transport and major arterials.


DISCLAIMER:
In preparing this information, Barry Plant Glenroy has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the photos, property area, floor size, price, address and general property description) has been provided to Barry Plant Glenroy by third parties. As such, Barry Plant Glenroy makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.
Type
House
Bedrooms
6
Bathrooms
3
Area
606 m²

Price guide

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