745 Gilbert Road, Reservoir, Vic 3073

Auction: $950,000 - $1,040,000

House
Type
3
Bedrooms
1
Bathrooms
5
Parkings
664 m²
Area

Last updated on Wednesday, June 17, 2026 ( See property details for 745 Gilbert Road, Reservoir, Vic 3073)

Auction: $950,000 - $1,040,000

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A versatile 3-bedroom property on a substantial 664m² block in Reservoir, offering excellent potential for residential, commercial, or redevelopment opportunities.

🏡 Property Highlights

  • Versatile property with potential for residential, commercial, or development use
  • Generous 664m² landholding in a highly sought-after Reservoir location
  • Existing adaptable layout previously used as an allied health clinic
  • Expansive rear concrete area providing ample on-site parking and vehicle access
  • Excellent connectivity with public transport at your doorstep
  • Close proximity to local shops, cafes, schools, and parklands

✨ Key Features

  • Open-Plan Living
  • Home Office / Study
  • Outdoor Area
  • Built-in Robes
  • Secure Parking
  • Waterfront / Views
  • Extra Storage (Shed/Linen)
  • Pet-Friendly
  • Garage / Secure Parking
  • Internal Laundry

Reservoir is a vibrant suburb renowned for its diverse community, excellent public transport options, and proximity to shopping precincts, parks, and schools. It offers a balanced lifestyle with easy access to Melbourne’s CBD, making it highly attractive for families, professionals, and investors alike. The area features a mix of established homes and development opportunities, supported by ongoing infrastructure improvements. Its walkable streets and community amenities foster a welcoming environment, ideal for both living and business ventures.

Can the property be used for commercial purposes?
Yes, the property was previously utilised as an allied health clinic and offers a functional layout suitable for continued medical, allied health, or professional use (STCA).
Is there potential for future redevelopment?
Absolutely, the generous landholding and accessible layout provide opportunities for redevelopment, including multi-dwelling projects or site transformation (STCA).
What amenities are nearby?
The property is conveniently located close to local shops, cafes, schools, parklands, and public transport, ensuring a highly connected lifestyle.
Can I renovate or update the existing home?
Yes, the property offers a straightforward layout and solid bones, making it suitable for renovation, updating, or leasing while planning for future development.
Is there off-street parking available?
Yes, the expansive rear concrete area provides substantial on-site parking and easy vehicle access, accommodating multiple vehicles or client parking needs.
Are there any zoning restrictions or easements affecting the property that could impact redevelopment plans? What are the potential costs associated with renovating or updating the existing structure? Are there any existing planning permits or approvals in place for future development? Is the property located within a flood or bushfire risk zone? Are there any nearby construction or planning activities that could affect the property’s value or livability? What are the strata or body corporate considerations if applicable? Are there any hidden costs related to the property's previous use or infrastructure upgrades? Has the property been tested for environmental hazards or contamination? Are there any restrictions on commercial use or modifications to the property? What are the long-term planning policies for the neighbourhood that could influence future development?

745 Gilbert Road, Reservoir, Vic 3073 - More Details

Auction: $950,000 - $1,040,000

Type
House
Bedrooms
3
Bathrooms
1
Parkings
5
Area
664 m²

Price guide

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