37-39 Baillie Street, North Melbourne, Vic 3051

$900,000 - $990,000

Residential Land
Type
134 m²
Area

Published on Friday, October 09, 2026 ( See property details for 37-39 Baillie Street, North Melbourne, Vic 3051)

$900,000 - $990,000

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

A versatile and unique city-fringe property offering exceptional development potential on a corner allotment with multiple street frontages in North Melbourne.

🏡 Property Highlights

  • Rare corner allotment with three street frontages
  • Exceptional city-fringe location close to Errol Street Village
  • Flexible Mixed Use zoning with future redevelopment potential
  • Generous 10.5m height limit for development opportunities
  • Suitable for residential conversion, subdivision, or redevelopment (STCA)
  • Short-term lease currently in place, offering immediate income

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Floorboards
  • Workshop
  • Fireplace
  • High energy efficiency
  • Water tank
  • Solar hot water

North Melbourne is a vibrant inner-city suburb renowned for its eclectic character, diverse dining options, and proximity to Melbourne’s CBD. It offers excellent walkability, access to major hospitals and universities, and a thriving arts and culture scene. The area is highly sought after for its mix of historic warehouses and modern developments, making it ideal for investors and creative entrepreneurs alike.

What are the potential uses for this property given its zoning and features?
The property’s Mixed Use zoning allows for a variety of uses including residential conversion, subdivision, redevelopment (STCA), and commercial or creative uses, offering flexibility for investors and developers.
Is there scope for future development or expansion on this site?
Yes, with a generous height limit of 10.5 metres and the potential for subdivision or redevelopment, there are significant opportunities for future expansion and development.
What is the current lease arrangement, and is there scope for vacant possession?
The property is currently offered subject to a short-term lease, providing immediate income, with options for vacant possession depending on the buyer’s plans.
Are there any planning restrictions or approvals required for redevelopment?
Yes, any redevelopment or subdivision would require approval from local planning authorities and must comply with the zoning and height restrictions.
What amenities and services are nearby?
The property is conveniently located within walking distance to Errol Street Village retail and dining precinct, Melbourne’s Hospital Precinct, Royal Park, Arden Station, North Melbourne Recreation Centre, and Melbourne University.
Are there any existing easements, covenants, or planning restrictions affecting the property? What are the potential costs associated with rezoning or obtaining development approvals? Are there any known issues with the structural condition of the warehouse? Is there any history of flooding or environmental concerns on the site? What are the nearby construction or planning activities that could impact future development?

37-39 Baillie Street, North Melbourne, Vic 3051 - More Details

$900,000 - $990,000

Positioned on a corner allotment with the rare advantage of three street frontages, this single-level brick warehouse presents an exceptional opportunity to secure a truly unique city-fringe asset. Zoned Mixed Use, the property offers outstanding flexibility and significant future upside, with scope for residential conversion, subdivision, or redevelopment (STCA), capitalising on the generous 10.5m height limit.

The warehouse boasts front and side roller door access, a separate pedestrian entry, solid concrete flooring, and approximately 4 m internal clearance throughout, making it suitable for a wide range of occupiers, investors and developers alike.
Key Details:

Land Area: 134 sqm (approx.)
Building Area: 134 sqm (approx.)
Zoning: Mixed Use
Height Limit: 10.5 m
Excellent potential for residential conversion
Offered subject to short term lease

Ideally located just a short walk from the vibrant Errol Street Village retail and dining precinct, Melbourne's renowned Hospital Precinct, Royal Park, Arden Station, North Melbourne Recreation Centre and Melbourne University. Inner city, character-filled warehouses of this size and versatility are becoming increasingly difficult to find. Whether you're an owner-occupier, investor, developer, or creative entrepreneur, this is an opportunity not to be missed. Inspection by appointment only.
Type
Residential Land
Area
134 m²

Auctions

  • 37-39 Baillie Street, North Melbourne, Vic 3051

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