50 Wallace St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 556m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Colac in the last 12 months.
50 Wallace Street presents a well-maintained three-bedroom home that balances comfort with practical design.
Each bedroom is generously proportioned and fitted with built-in robes, ceiling fans and timber flooring. The main living area is filled with natural light and centred around a gas fire, complemented by a split system and gas ducted heating throughout to ensure year-round comfort.
The kitchen is designed for functionality, offering gas cooking, ample bench space and substantial storage. A full butler's pantry provides additional preparation space, a second sink and a dishwasher, allowing the main kitchen to remain streamlined and highly usable.
Outdoors, a substantial undercover entertaining area connects the home to an impressive 5.5m x 12.5m shed, providing exceptional space for vehicles, storage, a workshop or hobby use. The yard is enclosed and low maintenance, offering privacy without the upkeep.
Located within an established pocket of Colac, the property enjoys close proximity to schools, parks and everyday amenities.
Independent rental appraisal on this property is $500 per week approx.
DISCLAIMER: While utmost care has been taken to verify the accuracy of the information provided above, it should not be construed as a representation by the vendor or the agent/agency. All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of total area. The population of Colac in 2016 was 9048 people. By 2021 the population was 9243 showing a population growth of 2.2% in the area during that time. The predominant age group in Colac is 20-29 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation.In 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.
Colac has 5,803 properties. Over the last 5 years, Houses in Colac have seen a 31.06% increase in median value, while Units have seen a 8.73% increase. As at 30 April 2026:
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