For Sale

55 Wallace St, Meredith, VIC, 3333

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Bedrooms

Bathrooms

Parkings

Last updated on Monday, March 30, 2026 ( See property details for 55 Wallace St, Meredith, VIC, 3333)

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AI Property Insight

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A rare and versatile mixed-use property in Meredith offering strong income, flexible outdoor space, and significant future development potential.

🏡 Property Highlights

Versatile investment with approximately 7% yield and potential for further growth
Prime location on just over an acre in the heart of Meredith with high exposure along Midland Highway
Diverse income streams including a charming three-bedroom cottage, successful café, and retail tenants
Established steel and garden art business with flexible outdoor space for future development
Ample onsite parking for approximately 12 vehicles in a well-trafficked township zone
Opportunity to expand existing operations or reimagine the land for new ventures

✨ Key Features

Garage
Open-Plan Living
Outdoor Area
Built-in Robes
Waterfront / Views
Secure Parking
Pet-Friendly
Home Office / Study
Extra Storage (Shed/Linen)
NBN / High-Speed Ready

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55 Wallace St

Meredith, VIC 3333

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Suburb and Property Insights of Meredith, VIC 3333

Meredith is a vibrant township renowned for its community spirit and strategic location along Midland Highway. It offers a blend of residential charm and commercial activity, making it ideal for investors and entrepreneurs. The area boasts high visibility, easy access, and a supportive local community, ensuring ongoing growth and opportunity. With a mix of retail, arts, and hospitality venues, Meredith provides a dynamic environment for business and lifestyle. Its proximity to regional attractions and transport links further enhances its appeal for future development and investment.

Frequently Asked Questions

What are the current income streams from the property?

The property currently generates approximately $42,000 per annum from the residence and café, plus an additional $10,000 per annum from a retail tenant.

Can the outdoor space be reconfigured for different uses?

Yes, the extensive land offers flexibility for various outdoor-focused enterprises such as a nursery, garden supplies, or other commercial ventures.

Is there potential for future development or expansion?

Absolutely, the large remaining land provides significant scope for expansion, reimagining existing uses, or developing new projects.

What is the zoning and traffic exposure like?

The property is situated within the well-trafficked township zone along Midland Highway, offering high visibility and accessibility for ongoing commercial success.

Are there parking facilities available onsite?

Yes, there is onsite parking for approximately 12 vehicles, supporting both residents and visitors.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance requirements associated with the property? What are the zoning restrictions and are there any planning permits required for future development? Are there any existing easements, covenants, or restrictions affecting the land use? Has the property been assessed for flood or bushfire risks? Are there any ongoing or planned nearby construction activities that could impact the property? Is the retail tenant on a lease agreement, and what are the terms and expiry date? Are there any strata or body corporate considerations if applicable? What are the current utility and service connection statuses? Has the property been inspected for structural or environmental issues? Are there any local council or community plans that could influence future use or value?

55 Wallace St, Meredith, VIC, 3333 - More Details

Investors & entrepreneurs take note!

Type: House
Bedrooms: 3
Bathrooms: 2
Parkings: 10

55 Wallace St, Meredith, VIC, 3333 - Point Of Interest

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55 Wallace St, Meredith, VIC, 3333

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