1 Toonalook Parade, Paynesville, VIC 3880 | Land for sale | OnTheHouse
 
FOR SALE
$539,000

1 Toonalook Parade
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 805m2
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POSITION AND VIEWS COMBINED

Welcome to 1 Toonalook Parade, a standout 805sqm land holding set in a genuinely prized pocket of Paynesville. Moments from the vibrant Paynesville Esplanade this is a location that brings together convenience, lifestyle and future potential in one compelling offering.
From this address you can wander down to the lakeside for your morning strolls, pick up a coffee from your favourite café, enjoy dinner at one of the local restaurants or grab daily essentials from the IGA shopping centre. Everything Paynesville is known and loved for is right at your fingertips, creating an effortless day to day living experience.
The allotment itself sits proudly elevated on the corner of Toonalook Parade and Newlands Drive. This natural rise provides an exciting opportunity for a thoughtfully designed residence (STCA) to take in impressive outlooks down the McMillan Strait and towards the sparkling waters of Lake Victoria. Few sites in this central position offer this level of view potential, especially with the convenience of being within such close proximity to the township centre.
Now titled and fully serviced, the land is builder friendly and ready for construction to commence. The generous dimensions allow for genuine design flexibility whether you are looking to build a permanent home base or a premium holiday escape.
Another standout advantage is the dual street frontage. The corner configuration enables secondary access options which are ideal for those who value secure space for boats, caravans, shedding or additional vehicle storage. It also gives you greater freedom in orienting your home to maximise privacy, sunlight and water glimpses.
Opportunities of this nature are increasingly rare. Quality land within a short walk of Paynesville's thriving foreshore and village centre seldom comes to the open market, and when they do, they are quickly secured by buyers who recognise the limited supply and long-term value of such positions.
1 Toonalook Parade represents more than a block of land. It is a chance to secure a future lifestyle in a location woven into the very heart of Paynesville's appeal.
For further information or to discuss how this site can suit your plans, contact the team at King and Heath Paynesville.
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Property Details for 1 Toonalook Pde, Paynesville

Building Type
Land
Land Size
805m2
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation.In 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.

Paynesville has 3,337 properties. Over the last 5 years, Houses in Paynesville have seen a 29.67% increase in median value, while Units have seen a 45.94% increase. As at 30 November 2025:

  • The median value for Houses in Paynesville is $581,266 while the median value for Units is $381,129.
  • Houses have a median rent of $500 while Units have a median rent of $383.
There are currently 102 properties listed for sale, and 10 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 170 properties were sold in the past 12 months in Paynesville.

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Todd Leggatt
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King & Heath First National - PAYNESVILLE
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