237 Canadian Bay Road, Mount Eliza, Vic 3930

$1,450,000 - $1,595,000

Residential Land
Type

Last updated on Monday, July 06, 2026 ( See property details for 237 Canadian Bay Road, Mount Eliza, Vic 3930)

$1,450,000 - $1,595,000

Vicki Sayers Director, Licensed Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A substantial 4,047sqm residential landholding in Mount Eliza offering exceptional development potential and prime convenience.

🏡 Property Highlights

  • Large 4,047sqm landholding with dual road frontage
  • Potential for subdivision (STCA) and multi-dwelling development
  • Highly convenient location within walking distance to Mt Eliza Village
  • Flexible zoning suitable for residential, childcare, or medical uses
  • Valuable land with future development opportunities
  • Held in the same ownership for decades, offering rare investment potential

✨ Key Features

  • Dual Frontage
  • Subdivision Potential (STCA)
  • Residential Land
  • Close to Schools
  • Close to Amenities
  • Convenient Access to Major Roads
  • Large Land Size
  • Development Flexibility
  • Potential for Multi-Dwelling
  • Prime Location

Mount Eliza is a highly sought-after suburb known for its scenic beauty, excellent schools, and vibrant community. It offers a relaxed coastal lifestyle with easy access to beaches, parks, and local amenities. The area is ideal for families and investors seeking a versatile and convenient location. With proximity to major arterial roads, residents enjoy seamless connectivity to Melbourne and surrounding regions.

What are the potential uses for this land beyond residential development?
The land is suitable for various uses including childcare, medical consulting rooms, or other commercial or community services, subject to council approval (STCA).
Is subdivision of the land possible?
Yes, subdivision potential exists (STCA), allowing for multiple dwellings or other development options.
What are the key advantages of the dual frontage?
Dual frontage enhances access, provides greater design flexibility, and can improve future development outcomes.
How close is the property to local amenities?
The property is within easy walking distance to Mt Eliza Village, schools, and local amenities, offering excellent convenience.
Are there any restrictions or covenants on the land?
Potential restrictions or covenants would be subject to council regulations and the specific zoning of the land, which should be verified.
Are there any existing easements, covenants, or zoning restrictions that could affect future development plans? Has the land been tested for soil stability or environmental hazards? Are there any planned infrastructure projects or developments in the vicinity that could impact the property? What are the council requirements and approval processes for subdivision or alternative uses? Are there any flood or bushfire risks associated with the land? What are the ongoing costs or rates applicable to this landholding? Is there any history of contamination or environmental issues on the site? Are there any restrictions on building height, design, or usage imposed by local council? What is the process for obtaining subdivision approval (STCA)? Are there nearby construction activities or developments that could cause noise or disruption?

Price guide

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