75 Ontario Avenue, Corio, VIC 3214 | House for sale | OnTheHouse
 
FOR SALE
$480,000-$520,000 (plans x5 dwellings)View Property Price Statement

75 Ontario Avenue
Corio VIC 3214

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 725m2
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Prime Location with Plans for Development 5 x Dwellings

An exceptional opportunity awaits investors, developers and first-home buyers with this three-bedroom residence, positioned on a generous 725m2 (approx.) allotment with approved plans and permits for five double-storey dwellings.
Offering outstanding future potential, the property presents an opportunity to secure a substantial development site in Corio, with much of the planning groundwork already completed.
For developers, the approved plans and permits provide a valuable head start, allowing purchasers to progress their next project without commencing the planning approval process from scratch, subject to relevant permit conditions and requirements.
Alternatively, investors can explore the potential for rental income from the existing residence while considering their future plans, while first-home buyers have the opportunity to secure a home on a generous allotment with exciting long-term possibilities.
The existing three-bedroom home retains much of its original character while benefiting from several recent improvements, including new carpet throughout, fresh internal painting and a new Colorbond rear fence.
The home offers three bedrooms, a central bathroom and comfortable living spaces, providing a practical layout with scope to further enhance or personalise over time.
Outside, the generous allotment provides ample space to enjoy, while the approved development plans offer an exciting opportunity to unlock the property's future potential.
Conveniently positioned in the heart of Corio, the property is within easy reach of Corio Village Shopping Centre, offering supermarkets, cafes and everyday shopping. Local primary and secondary schools, sporting reserves, community facilities and public transport are also nearby.
With convenient access to the Geelong Ring Road, commuting towards Melbourne or the Surf Coast is straightforward, while North Shore Railway Station and Geelong's CBD are within easy reach.
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Property Details for 75 Ontario Ave, Corio

75 Ontario Ave, Corio is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 725m2. The place is currently for sale with Ray White Lara.

Building Type
House
Land Size
725m2
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About Corio 3214

The size of Corio is approximately 19.1 square kilometres. There are 36 parks, covering nearly 8.8% of the total area. The population of Corio in 2016 was 15296 people. By 2021 the population was 15497 showing a population growth of 1.3% in the area during that time. The predominant age group in Corio is 20-29 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation.In 2021, 56.50% of the homes in Corio were owner-occupied compared with 58.00% in 2016.

Corio has 8,368 properties. Over the last 5 years, Houses in Corio have seen a 21.61% increase in median value, while Units have seen a 15.59% increase. As at 30 September 2026:

  • The median value for Houses in Corio is $587,518 while the median value for Units is $447,277.
  • Houses have a median rent of $450 while Units have a median rent of $380.
There are currently 27 properties listed for sale, and 19 properties listed for rent in Corio on OnTheHouse. According to Cotality's data, 361 properties were sold in the past 12 months in Corio.

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Peter Norman
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Miranda Williams
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Ray White Lara
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