44-46 Forster Street, Ivanhoe, VIC 3079 | House for sale | OnTheHouse
 
FOR SALE
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44-46 Forster Street
Ivanhoe VIC 3079

Bedrooms: 7
Bathrooms: 2
Car spaces: 2
Land area: 2299m2
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Activity Centre Zoning. Large Landholding. Flexible Terms

An exceptional opportunity to secure one of Ivanhoe's most compelling large-scale development sites, this substantial combined landholding of approximately 2,299sqm with an expansive 30 metre frontage is positioned within the heart of the Heidelberg Major Activity Centre and benefits from the recently introduced Activity Centre Zone Schedule 2 (ACZ2).
Located within Precinct 6 - Residential Transitional, the site is strategically suited to medium and higher density redevelopment, with scope for a substantial apartment project, retirement living, aged care facility, mixed-use outcome or other value-add uses (STCA). With no Heritage Overlay, a flat site profile, rear access and generous separation from surrounding buildings, the key fundamentals for development are already in place.
Planning controls support increased housing supply and urban renewal, with potential for a significant multi-level development of up to 8 storeys (STCA). The scale, frontage and flexibility of the landholding make this one of the more tightly held and increasingly scarce opportunities in the precinct.
Existing improvements provide holding income potential while plans and permits are explored, with flexible settlement terms available to suit owner occupiers, developers and institutional buyers alike.
Positioned for absolute convenience, the property is within walking distance of Austin Hospital, Mercy Hospital for Women, Warringal Private Hospital, Burgundy Street shops, cafés, golf courses and the major medical precinct, making it highly attractive for retirement living, aged care and health-based accommodation, while its close proximity to Bell Street & Burgundy Street retail, Heidelberg Train Station, Ivanhoe Village, the Yarra River parklands and trail network, Warringal and Northland Shopping Centres, elite private schools, La Trobe University and the Eastern Freeway also underpins strong demand for first home buyer, owner-occupier and investment apartments.
Disclaimer: We have, in preparing this document, used our best endeavors to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 44-46 Forster St, Ivanhoe

44-46 Forster St, Ivanhoe is a 7 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 2299m2. The place is currently for sale with Ray White Ashburton.

Building Type
House
Land Size
2299m2
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About Ivanhoe 3079

The size of Ivanhoe is approximately 5.5 square kilometres. It has 18 parks covering nearly 21.1% of total area. The population of Ivanhoe in 2016 was 12171 people. By 2021 the population was 13374 showing a population growth of 9.9% in the area during that time. The predominant age group in Ivanhoe is 30-39 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe work in a professional occupation.In 2021, 65.10% of the homes in Ivanhoe were owner-occupied compared with 66.70% in 2016.

Ivanhoe has 8,363 properties. Over the last 5 years, Houses in Ivanhoe have seen a 13.41% increase in median value, while Units have seen a 7.73% increase. As at 31 March 2026:

  • The median value for Houses in Ivanhoe is $2,015,452 while the median value for Units is $773,699.
  • Houses have a median rent of $800 while Units have a median rent of $590.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Ivanhoe on OnTheHouse. According to Cotality's data, 366 properties were sold in the past 12 months in Ivanhoe.

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Adam Pavlou
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Max Hedley
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Ray White Ashburton
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