17 Steane Street, Reservoir, VIC 3073 | House for sale | OnTheHouse
 
FOR SALE
Auction: $900,000 - $990,000

17 Steane Street
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 736m2
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Auction Time
Sat 19 Sep 2:00 pm
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Rare Dual-Residence Opportunity on 736 SQM

Occupying a generous 736 sqm (approx.) allotment with a 20.1 m frontage and 36.6 m depth, 17 Steane Street, Reservoir presents an exceptional opportunity for buyers, investors, and developers. The unique offering features two freestanding, self-contained homes on a single substantial site, both accompanied by off-street parking and ample outdoor areas. Whether your strategy is to put the finishing touches on each residence to secure strong dual income or pursue plans for the block from a blank-canvas perspective (STCA), the scope for future rewards is substantial.
Positioned in a highly convenient pocket of Reservoir, the property is surrounded by top-tier amenities and educational institutions. Families and students are ideally catered for with Reservoir East Primary School, Reservoir High School, the Northern College of the Arts & Technology, and La Trobe University all within easy reach. Shopping and daily essentials are equally seamless, with Summerhill Shopping Centre (featuring Coles and Woolworths), Northland Shopping Centre, Bunnings Warehouse, and nearby medical centers just minutes away.
Lifestyle and transit options complete this standout opening. Residents will love the proximity to local parklands, the McComas Street Playground, and nearby athletic fields. Exceptional connectivity is assured via Plenty Valley Highway, along with convenient access to both Thomastown and Thornbury Train Stations for a direct commute into the Melbourne CBD. Whichever path you choose to take, this prime allotment ensures a winning strategy.
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Property Details for 17 Steane St, Reservoir

17 Steane St, Reservoir is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 736m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
736m2
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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the total area. The population of Reservoir in 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation.In 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.

Reservoir has 29,146 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:

  • The median value for Houses in Reservoir is $949,204 while the median value for Units is $650,197.
  • Houses have a median rent of $600 while Units have a median rent of $538.
There are currently 121 properties listed for sale, and 115 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1180 properties were sold in the past 12 months in Reservoir.

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Keb Nguyen
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Massimo Barbanera
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Ray White Reservoir
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