For Sale

694-696 Toorak Road, Malvern, Vic 3144

$3,400,000 - $3,740,000

House

Type

Bedrooms

Bathrooms

Parkings

Published on Thursday, October 08, 2026 ( See property details for 694-696 Toorak Road, Malvern, Vic 3144)

$3,400,000 - $3,740,000

View the agent price guide.

Heath Thompson Director

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Andrew Fawell Director

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AI Property Insight

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

A versatile property offering a prime development opportunity on a substantial landholding in Malvern’s highly sought-after locale.

🏡 Property Highlights

Substantial 1,319sqm landholding with development potential
Prime location in one of Melbourne’s most sought-after enclaves
Close to elite schools including Scotch College and St Kevin’s College
Excellent retail amenities nearby such as Toorak Village and Glenferrie Road
Easy access to parks and open spaces like Sir Robert Menzies Reserve
Flexible General Residential Zone with STCA development options

✨ Key Features

Open-Plan Living
Built in robes
Waterfront / Views
Open-Plan Living
Garage / Secure Parking
Outdoor Area / Balcony
Internal Laundry
Floorboards
Security Screens / Gates
Pet-Friendly

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694-696 Toorak Road

Malvern, VIC 3144

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Suburb and Property Insights of Malvern, VIC 3144

Malvern is a prestigious Melbourne suburb renowned for its leafy streets, excellent schools, and vibrant retail precincts. It offers a high-quality lifestyle with easy access to parks, public transport, and top amenities, making it highly desirable for families and investors alike.

Frequently Asked Questions

What are the development possibilities for this property?

The property has potential for high-quality apartment development or townhouse construction, subject to council approval (STCA).

Is the property suitable for renovation or rebuilding?

Yes, the existing single-level home is in disrepair, offering an opportunity to renovate or rebuild a new residence tailored to your needs.

What amenities and facilities are nearby?

The property is close to elite schools, retail precincts like Toorak Village, parks such as Sir Robert Menzies Reserve, and excellent public transport options including trams and train stations.

Are there any planning restrictions or zoning considerations?

The property is in a flexible General Residential Zone, with development options subject to council approval (STCA).

What is the land size and frontage?

The landholding is approximately 1,319sqm with 24 metres of frontage, providing ample space for various development options.

What to ask about this property to agent?

Are there any existing planning permits or approvals in place for development? Are there any easements, covenants, or zoning restrictions affecting the property? Has the property been affected by flooding, bushfire risk, or other environmental hazards? Are there any upcoming planning or infrastructure projects in the area that could impact the property? What are the potential costs associated with demolishing or renovating the existing structure?

694-696 Toorak Road, Malvern, Vic 3144 - More Details

$3,400,000 - $3,740,000

For Private Sale

Buxton is delighted to offer for sale this prized land parcel located at 694–696 Toorak Road, Malvern.

The property comprises a single-level home in disrepair, presenting an outstanding opportunity for a purchaser to design and deliver their dream residence.

Alternatively, the substantial landholding offers significant development potential, with concept plans prepared for a high-quality apartment building (STCA).

A townhouse development could also be considered (STCA), with the property benefiting from an absolute prime location within one of Melbourne’s most sought-after residential enclaves.

Key Attributes
• Substantial 1,319sqm landholding* with 24 metres of frontage
• Flexible General Residential Zone
• Close to elite schools including St Kevin’s College, Scotch College, Korowa Anglican Girls’ School, and more
• Surrounded by Melbourne’s finest retail amenity including Toorak Village, HomeCo Hawthorn East, Glenferrie Road retail, and more
• Easy access to leafy parks and open spaces including Sir Robert Menzies Reserve, Gardiners Creek Trail, and Central Park
• Excellent connectivity via Toorak Road trams, Monash Freeway & Tooronga Station.

*Approximate For further information please contact:

Andrew Fawell - 0414 508 155
Heath Thompson - 0408 314 756

In conjunction with:
Savills:
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 1

Price guide

View Statement Of Information

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Map & nearby places — 694-696 Toorak Road, Malvern, Vic 3144

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694-696 Toorak Road, Malvern, Vic 3144

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