55 Commercial Road, South Yarra, Vic 3141

For Sale: $3,950,000 - $4,245,000

House
Type
7
Bedrooms
4
Bathrooms
2
Parkings

Published on Monday, October 19, 2026 ( See property details for 55 Commercial Road, South Yarra, Vic 3141)

For Sale: $3,950,000 - $4,245,000

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

A landmark South Yarra residence offering exceptional versatility, panoramic city views, and premium living and commercial spaces in a prime corner location.

🏡 Property Highlights

  • Landmark corner holding with versatile residential and commercial potential
  • Spectacular rooftop terrace with 360-degree Melbourne skyline views
  • Expansive upper-level residence with soaring curved ceilings and skylights
  • Gourmet granite-appointed kitchen with premium appliances
  • Four king-sized bedrooms including a luxurious main suite with walk-in robe and marble-lined ensuite
  • Flexible ground floor with four bedrooms, office, and large living areas for multi-purpose use

✨ Key Features

  • Balcony
  • Built-in Robes
  • Garage / Secure Parking
  • Open-Plan Living
  • Outdoor Area / Balcony
  • Security Screens / Gates
  • Water tank
  • Waterfront / Views
  • High energy efficiency
  • Ensuite
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55 Commercial Road
South Yarra, VIC 3141
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Vertical aerial view — 55 Commercial Road
55 Commercial Road — Vertical Aerial  •  South Yarra, VIC 3141  •  Nearmap © 2026

South Yarra is a vibrant, sought-after suburb renowned for its upscale dining, boutique shopping, and proximity to Melbourne’s CBD. Key points include: close to Fawkner Park and elite schools, excellent transport links, a lively arts and entertainment scene, and a mix of historic and modern architecture. The area offers a prestigious lifestyle with abundant green spaces and high-end amenities.

What are the main lifestyle benefits of this property?
This property offers a luxurious lifestyle with panoramic city views, spacious living areas, and proximity to Melbourne’s vibrant dining, shopping, and green spaces, making it ideal for entertaining and family living.
Can the ground floor be converted for commercial use?
Yes, the ground floor’s flexible layout, including multiple bedrooms, an office, and large reception areas, makes it suitable for professional premises, a showroom, or multi-generational living.
What are the key features of the rooftop terrace?
The rooftop terrace provides spectacular 360-degree views of Melbourne’s skyline, perfect for entertaining, relaxing, and enjoying the cityscape.
Is the property suitable for multi-vehicle parking?
Yes, the property includes secure garaging capable of accommodating multiple vehicles, with independent street entrances enhancing accessibility.
What heating and cooling systems are installed?
Both floors are equipped with heating and cooling systems to ensure comfort throughout the year.
Are there any restrictions or covenants associated with the Residential Growth Zone Schedule 1 that could affect development or use? What are the ongoing maintenance costs for the property, including the rooftop terrace and security features? Are there any planned or upcoming developments in the vicinity that could impact views or privacy? Has the property been inspected for structural issues or potential defects, especially given its age and design? Are there any easements, zoning restrictions, or planning overlays that could limit future modifications or uses?

55 Commercial Road, South Yarra, Vic 3141 - More Details

For Sale: $3,950,000 - $4,245,000

An extraordinary opportunity to secure a landmark corner holding in the heart of South Yarra, this substantial Hal Walter-designed property offers enormous potential for residential, commercial, or dual-purpose use, with independent entrances, multi-vehicle secure garaging, and a spectacular rooftop terrace with uninterrupted 360-degree views of Melbourne’s skyline. Occupying a prominent corner position on Commercial Road and Tyrone Street, within Residential Growth Zone Schedule 1, its exceptional versatility opens the door to a multitude of possibilities, from a grand private residence to professional headquarters, a prestigious showroom or an impressive combination of both.

Architectural drama defines the expansive upper-level residence, accessed by lift or a sweeping staircase from the wide, private entrance foyer. Soaring curved ceilings and extensive skylights amplify the magnificent living and dining areas, served by a gourmet granite-appointed kitchen with premium appliances. Four king-sized bedrooms on the same floor include a lavish main suite with a walk-in robe and skylit marble-lined ensuite, plus an immense rooftop terrace that offers an incredible setting for entertaining against a panoramic city backdrop.

With its own street entrance and outstanding exposure, the ground floor offers fantastic flexibility for residential or commercial use. Currently comprising four spacious bedrooms, an additional office, a generous living room, and a kitchen/meals area, it suits extended or multi-generational living, or conversion into professional premises with a large reception area and five private offices. With abundant storage, heating and cooling across both floors, keyless entry, and secure garaging for multiple vehicles, this unparalleled South Yarra acquisition offers substantial scope for owner-occupiers, entrepreneurs, and investors alike, close to Fawkner Park, city-bound transport, Prahran Market, Chapel Street and Greville Street dining and elite schools.
Type
House
Bedrooms
7
Bathrooms
4
Parkings
2
Study
1

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 24 Oct 11:30 am

    Saturday 24 October
    11:30 am - 12:00 pm
Thank you for submitting your reminder request.

Map & nearby places — 55 Commercial Road, South Yarra, Vic 3141

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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