161 First Avenue, Five Dock, NSW 2046 | House for sale | OnTheHouse
 
FOR SALE
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161 First Avenue
Five Dock NSW 2046

Bedrooms: 3
Bathrooms: 2
Car spaces: 5
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Prime Inner West Opportunity | Flexible Use with Future Upside | Land bankers take note

Positioned in one of the Inner West's most tightly held and rapidly evolving pockets, this enticing new listing presents an exceptional opportunity to secure a versatile asset with immediate income potential and exciting scope to enhance or redevelop (STCA).
Set on a generous 411sqm parcel, the property is currently configured and operating as a medical centre, offering flexibility for continued commercial use, professional offices, or a conversion back to a residential dwelling. With multiple rooms already in place and the ability to extend, it provides a solid foundation for value-add buyers, investors or owner-occupiers alike.
Perfectly located just moments from local parklands and waterfront reserves, and within walking distance to the vibrant Five Dock shopping village, cafés and restaurants, this address combines lifestyle appeal with strong long-term growth prospects. The upcoming Five Dock Metro Station, only 400m away, further enhances connectivity and future value.
Key Features:
• Solid building on approximately 411sqm of land
• Flexible layout with multiple rooms and existing fit-out
• Currently operating as a medical centre with scope for conversion (STCA)
• Potential to extend or further enhance the property
• Ideal for investors, land bankers, owner-occupiers or developers
• Short/medium term income potential
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Property Details for 161 First Ave, Five Dock

161 First Ave, Five Dock is a 3 bedroom, 2 bathroom House with 5 parking spaces. The place is currently for sale with Raine & Horne Five Dock.

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About Five Dock 2046

The size of Five Dock is approximately 2.4 square kilometres. It has 12 parks covering nearly 16.4% of total area. The population of Five Dock in 2016 was 9356 people. By 2021 the population was 9823 showing a population growth of 5.0% in the area during that time. The predominant age group in Five Dock is 30-39 years. Households in Five Dock are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Five Dock work in a professional occupation.In 2021, 60.60% of the homes in Five Dock were owner-occupied compared with 62.60% in 2016.

Five Dock has 5,321 properties. Over the last 5 years, Houses in Five Dock have seen a 46.37% increase in median value, while Units have seen a 25.18% increase. As at 31 March 2026:

  • The median value for Houses in Five Dock is $2,819,747 while the median value for Units is $1,182,338.
  • Houses have a median rent of $1,150 while Units have a median rent of $800.
There are currently 25 properties listed for sale, and 32 properties listed for rent in Five dock on OnTheHouse. According to Cotality's data, 161 properties were sold in the past 12 months in Five dock.

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Sam Varrica
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Raine & Horne Five Dock
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