127 Smith Street, Fitzroy, VIC 3065 | House for sale | OnTheHouse
 
FOR SALE
$2,550,000 - $2,800,000

127 Smith Street
Fitzroy VIC 3065

Bedrooms: 4
Bathrooms: 1
Car spaces: 4
Land area: 217m2
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The Ultimate Flexible Fitzroy Lifestyle

Expressions Of Interest ending Thursday 18th December at 5:00pm
Unlock the potential of this sprawling Smith Street property, perfectly positioned in one of Melbourne’s most vibrant commercial and lifestyle precincts. Offering rare versatility for commercial, residential, or mixed use (STCA), this promising property is ideal for creatives, business owners, or savvy investors alike.
The ground floor features a spacious, light-filled entry room complete with timber flooring, ideally suited to a shopfront or client-facing workspace. The is supported by two additional rooms perfect for offices or studios, and a modern, well-equipped bathroom for added convenience. Meanwhile, rear access to a secure 4-car garage via Little Smith Street delivers a standout advantage in a neighbourhood where parking is at a premium.
Upstairs, the first level offers two large rooms that can easily adapt to offices, breakout spaces, or sizeable bedrooms (STCA). The second level continues the theme of flexibility with a vast, open multi-use room, perfect as a studio, workshop, meeting suite, or dramatic loft-style living area. The top floor is occupied by two more sizeable rooms, including one with elevated views onto Smith Street and an original stone fireplace that invites future restoration and character-filled design. Throughout the entire building, split-system heating and cooling ensure year-round comfort.
Beyond the walls of the property, the location alone is a powerful asset. Situated in a high-exposure section of Smith Street, the address benefits from significant foot traffic from both locals and visitors, drawn to the area’s eclectic mix of boutiques, eateries, and bars. Just moments from Gertrude Street and within easy reach of Fitzroy Gardens, the CBD, and major tram routes, the convenience and connectivity are unparalleled.
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Property Details for 127 Smith St, Fitzroy

127 Smith St, Fitzroy is a 4 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 217m2. The place is currently for sale with Jellis Craig Fitzroy.

Building Type
House
Land Size
217m2
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About Fitzroy 3065

The size of Fitzroy is approximately 1.4 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Fitzroy in 2016 was 10445 people. By 2021 the population was 10431 showing a population decline of 0.1% in the area during that time. The predominant age group in Fitzroy is 30-39 years. Households in Fitzroy are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy work in a professional occupation.In 2021, 38.10% of the homes in Fitzroy were owner-occupied compared with 34.50% in 2016.

Fitzroy has 8,854 properties. Over the last 5 years, Houses in Fitzroy have seen a 19.24% increase in median value, while Units have seen a 10.16% increase. As at 31 October 2025:

  • The median value for Houses in Fitzroy is $1,654,270 while the median value for Units is $784,177.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 20 properties listed for sale, and 17 properties listed for rent in Fitzroy on OnTheHouse. According to Cotality's data, 341 properties were sold in the past 12 months in Fitzroy.

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David Sanguinedo
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Antony Woodley
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Jellis Craig Fitzroy
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