1-4/6 Johnstone Street, Castlemaine, VIC 3450 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Accepting expressions of interest by 12 Dec 2025

1-4/6 Johnstone Street
Castlemaine VIC 3450

Bedrooms: 13
Bathrooms: 9
Car spaces: 12
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Rare opportunity - Four High Quality Apartments on one title

Phone enquiries - please call 1300 594 794 and quote property ID 37930.
A rare opportunity to acquire four high quality apartments on one title in central Castlemaine. The four units are currently used for short-stay accommodation, but can be used for long-term.
Positioned on a well-connected street just moments from Castlemaine’s cafes, galleries, and train station, the property offers scale, flexibility, and strong income performance in one of regional Victoria’s most vibrant towns.
Endless Options
This versatile property offers a range of pathways for the astute buyer. Continue operating all four apartments as short-stay accommodation and enjoy strong, consistent returns. Alternatively, pivot to long-term leasing for stable passive income with minimal turnover. For those seeking a lifestyle shift, move into one apartment and let the remaining three generate income—ideal for semi-retirement, multi-generational living, or a live-and-earn model.
The Apartments
Set amongst established gardens and native greenery, each apartment offers a peaceful retreat with generous proportions and thoughtful design:
• Three x 3-bedroom apartments, each featuring expansive open-plan living, kitchen, and dining zones, two bathrooms, and excellent natural light and flow
• One x 4-bedroom apartment, ideal for families or group bookings, with three bathrooms, flexible layout, and elevated outlooks.
All four apartments are well-appointed and designed for comfort, with full kitchens, private entries, and contemporary finishes. Each unit includes a double garage plus an additional carport, providing secure parking and added convenience for guests or long-stay tenants.
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Property Details for 1-4/6 Johnstone St, Castlemaine

1-4/6 Johnstone St, Castlemaine is a 13 bedroom, 9 bathroom BlockOfUnits with 12 parking spaces. The place is currently for sale with No Agent Property.

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About Castlemaine 3450

The size of Castlemaine is approximately 20.2 square kilometres. It has 26 parks covering nearly 22.3% of total area. The population of Castlemaine in 2016 was 6757 people. By 2021 the population was 7506 showing a population growth of 11.1% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation.In 2021, 73.40% of the homes in Castlemaine were owner-occupied compared with 71.00% in 2016.

Castlemaine has 4,803 properties. Over the last 5 years, Houses in Castlemaine have seen a 45.53% increase in median value, while Units have seen a 40.39% increase. As at 31 October 2025:

  • The median value for Houses in Castlemaine is $789,148 while the median value for Units is $554,887.
  • Houses have a median rent of $498 while Units have a median rent of $398.
There are currently 23 properties listed for sale, and 1 property listed for rent in Castlemaine on OnTheHouse. According to Cotality's data, 186 properties were sold in the past 12 months in Castlemaine.

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