46 Morris Street, Reservoir, VIC 3073 | House for sale | OnTheHouse
 
FOR SALE
$950,000 - $1,045,000

46 Morris Street
Reservoir VIC 3073

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
Land area: 1384m2
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Sat 24 Oct 2:00 pm
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Live, Invest or Develop | 2 Properties, 1 Title | No covenant

First time offered to the market, this cherished and well-maintained property in the highly sought-after Merrilands Estate presents an exceptional opportunity for homeowners, investors and developers alike. Set on one title, it comprises a comfortable three-bedroom main residence at the front and a solidly built two-bedroom rear unit, complete with its own separate access.
Offering genuine flexibility, the property can be enjoyed as a spacious family home with additional accommodation, leased as two separate residences to generate dual rental income, or explored for its future development potential (STCA).
The front residence delivers comfortable family living with three spacious bedrooms, all featuring built-in robes, complemented by two generous living zones. At the rear, a substantial rumpus room provides the flexibility to serve as an optional fourth bedroom, home office or additional living space.
Separately accessed, the rear unit provides an excellent opportunity for extended family, teenagers, guests or an additional rental stream. Featuring a large open-plan layout, two bedrooms with built-in robes and its own independent access, it offers privacy and versatility rarely found in a property of this nature.
With two established dwellings already in place, the property presents an enviable combination of immediate usability, dual-income potential and exciting possibilities for the future. Whether you choose to live in one and lease the other, secure two rental incomes, accommodate extended family, or investigate future redevelopment opportunities, this is a rare offering that provides multiple pathways to maximise its potential (STCA). No covenant on the title which is unique for the Merrilands estate.
Positioned for absolute convenience, the property is moments from the vibrant cafe and restaurants of Broadway and Edwardes Street Village, while offering easy access to Summerhill Shopping Centre, Reservoir Station and the Metropolitan Ring Road, in walking distance to both Keon Park and Ruthven train stations. Families will appreciate the proximity to quality local schools including Reservoir High School, St Gabriel's Primary School and Reservoir East Primary School, along with nearby parklands and walking trails that further enhance the area's lifestyle appeal.
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Property Details for 46 Morris St, Reservoir

46 Morris St, Reservoir is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1384m2. The place is currently for sale with Ray White Bundoora.

Building Type
House
Land Size
1384m2
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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 29,135 properties. Over the last 5 years, Houses in Reservoir have seen a -3.25% decrease in median value, while Units have seen a 9.27% increase. As at 31 August 2026:

  • The median value for Houses in Reservoir is $936,038 while the median value for Units is $652,602.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 121 properties listed for sale, and 94 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1138 properties were sold in the past 12 months in Reservoir.

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Gin Wu
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Georgia Hurley
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Ray White Bundoora
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