358 Dundas StreetRye VIC 3941
Property Details for 358 Dundas St, Rye
Last Listing description (February 2026)
Nestled in the heart of a coveted back beach locale, we are thrilled to present a rare opportunity. Welcome to an unparalleled mixed-use site, perfectly poised for both retail and residential endeavours. Enviably situated on the corner, this property boasts optimal exposure and unparalleled flexibility in design. The allure of the back beach location adds an irresistible charm, promising not just a place to reside or do business but a lifestyle imbued with coastal splendour. This exceptional property comes with conceptual plans that envision up to 10 single room bed sitters, offering a lucrative residential prospect. Alternatively, the space can be seamlessly adapted to accommodate a mix of retail shops and apartments, catering to diverse investment visions. With its Commercial 1 zoning, the property opens doors to a myriad of business opportunities, ranging from boutique retail establishments to trendy eateries, capturing the pulse of the local community and tourists alike (stca). This fusion of convenience and comfort presents an enticing proposition for urban dwellers seeking a vibrant coastal lifestyle. For those inclined towards the residential realm, envision crafting modern and inviting apartments above bustling retail spaces (stca). Benefiting from the Design and Development Overlay 4, this site offers an exciting canvas for innovative architectural ventures. Here, creativity knows no bounds as you mould your vision into reality, crafting a space that stands as a testament to sophistication and style.
-Prime corner location for maximum exposure
-Versatile zoning accommodating diverse business and residential ventures
-Back beach setting enhancing lifestyle appeal
-Blue Chip Retail/Residential Mixed-Use Site (STCA)
-Size: 256 sqm approx.
-Zoning: Commercial 1 & Design and Development Overlay 4.
Don't miss the chance to secure your stake in this unparalleled investment opportunity. Whether you aspire to revitalize retail dynamics or curate contemporary living spaces, this property serves as the quintessential canvas for realizing your real estate dreams. Proudly marketed by Crowders Real Estate in conjunction with Nichols Crowder.
Property History for 358 Dundas St, Rye, VIC 3941
- 17 Dec 2025Listed for Sale $480,000 - $520,000
- 09 Sep 2025Listed for Sale $550,000 - $597,500
- 24 Mar 2025Listed for Sale $550,000 - $597,500
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About Rye 3941
The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation.In 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.
Rye has 10,047 properties. Over the last 5 years, Houses in Rye have seen a -0.99% decrease in median value, while Units have seen a 5.96% increase. As at 30 April 2026:
- The median value for Houses in Rye is $998,675 while the median value for Units is $640,646.
- Houses have a median rent of $600 while Units have a median rent of $495.
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