116 Stephen Street, Yarraville, Vic 3013

$900,000 - $970,000

Warehouse
Type
2
Bedrooms
2
Bathrooms

Last updated on Tuesday, September 01, 2026 ( See property details for 116 Stephen Street, Yarraville, Vic 3013)

$900,000 - $970,000

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

A character-filled heritage warehouse in Yarraville offering versatile living options with modern amenities and prime location proximity to local amenities and transport.

🏡 Property Highlights

  • Heritage-listed former Lyric Theatre with unique architectural character
  • Versatile two-bedroom, two-bathroom layout with adaptive reuse potential
  • Bright, open-plan living spaces with high ceilings and city views
  • Modern kitchen equipped with premium appliances and flexible workspace
  • Seamless indoor-outdoor living with communal courtyard access
  • Prime Yarraville location close to vibrant village amenities and transport

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Home Office / Study
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Yarraville is a vibrant suburb renowned for its historic charm, lively village atmosphere, and excellent transport links. Key features include its diverse cafes, boutique shops, beautiful parks such as Yarraville Gardens, and a strong community spirit. The area offers a perfect blend of heritage character and modern convenience, making it highly desirable for families, professionals, and investors alike.

What are the potential uses for this heritage-listed warehouse?
This versatile property offers potential for residential living, a studio, or mixed-use purposes, making it suitable for families, professionals, or investors.
Is there outdoor space available for entertaining?
Yes, the property features a communal outdoor courtyard ideal for entertaining or relaxing.
What modern amenities are included in the property?
The property includes a modern kitchen with premium appliances, NBN/high-speed internet readiness, and security features such as security screens and fly screens.
How does the property connect to public transport?
Yarraville station is within easy walking distance, providing convenient access to major transport links and the CBD.
Are there any heritage restrictions or considerations?
As a heritage-listed property, any modifications may require approval, but it offers unique character and architectural appeal.
Are there any hidden costs associated with the heritage listing or potential renovations? Has the property been inspected for structural issues or heritage compliance defects? Are there any zoning restrictions or easements affecting the property's use or future development? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or development projects nearby that could impact the property’s value or character? What are the strata or community management arrangements, if applicable? Are there any noise or disturbance issues from neighboring properties or nearby roads? Has the property been recently renovated or maintained to heritage standards? Are there any restrictions on commercial or mixed-use activities due to heritage status? What are the ongoing maintenance requirements for the heritage features and outdoor areas?

116 Stephen Street, Yarraville, Vic 3013 - More Details

$900,000 - $970,000

Nestled in the heart of Yarraville in the former Lyric Theatre, this property presents a rare opportunity for buyers seeking a place with character, charm, and adaptive reuse potential. This versatile two-bedroom, two-bathroom home boasts a strong architectural identity with heritage elements throughout, offering potential for residential, studio, or mixed-use purposes. Ideal for families, professionals, or investors, the property is located in a highly sought-after area that is both vibrant and convenient.

Upon entering, you are greeted by a generous living space with high ceilings and concrete flooring. Upstairs, the second living area captures city views and features a beautiful stone fireplace, providing a cozy focal point in the open-plan layout. The space is flooded with natural light, thanks to the skylight above the staircase and the generous arched windows, adding warmth and airiness throughout.

The adjacent modern kitchen is fully equipped with a Smeg oven, Fisher & Paykel half dishwasher, and a movable island bench, offering flexible workspace options. Ample storage and a glass splash back enhance the kitchen’s sleek and functional design.

The master bedroom, also on the first level, offers built-in robes, timber flooring, and a window with a tranquil outlook to the communal garden. The main bathroom is spacious with a separate bath and shower, and ample natural light from the window.

On the ground level, a second bedroom with built-in robes and carpeted flooring provides peaceful accommodation, with easy access to the additional bathroom and laundry area, which opens to the rear courtyard. The entry features concrete flooring and downlights, offering commercial or studio potential, making it perfect for those looking to set up a home office or creative space.

Enjoy seamless indoor-outdoor living, with the ground-floor space leading to a communal outdoor area, ideal for entertaining or relaxing. This property offers a rare combination of functionality, modern amenities, and endless potential in a prime Yarraville location.

Located just minutes from Yarraville Village, this home is perfectly positioned with easy access to public transport and local amenities. With Yarraville station within easy walking distance and major transport links, commuting to the CBD is effortless. Enjoy the vibrant community atmosphere, with local cafes, restaurants, and parks such as Yarraville Gardens, Cruickshank Park and Beaton Reserve just moments away. Zoned for Yarraville West Primary School and Footscray High School, this home offers convenience and lifestyle at its finest.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.
Type
Warehouse
Bedrooms
2
Bathrooms
2
Study
1

Price guide

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