15 Omega Street, Sunshine, VIC 3020 | House for sale | OnTheHouse
 
FOR SALE
$1,975,000

15 Omega Street
Sunshine VIC 3020

Bedrooms: 9
Bathrooms: 9
Car spaces: 3
Land area: 515m2
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Premium Multi-Income Asset | $171,480 p.a. Proven Income | 9 Fully Leased Suites

Positioned within one of Melbourne’s rapidly evolving inner-western corridors, this purpose-built multi-income residence represents a rare opportunity to secure a fully stabilised, high-performing residential asset delivering immediate and consistent cash flow.
Thoughtfully designed and constructed to a significantly higher standard than traditional rooming house stock, the property comprises nine oversized, self-contained suites, each finished with private en-suites, generous proportions and integrated living functionality — creating a superior tenant offering and a more resilient long-term income profile.
Fully leased and operating as a proven income-producing asset, the property currently generates $171,480 p.a., reflecting an average rental of $366 per week per suite. The consistency of income across all rooms highlights both the strength of the design and the ongoing demand for well-executed co-living accommodation in this location.
At its core, this is not a typical residential investment. It is a deliberately structured, multi-income asset designed to deliver:
Diversified income across nine tenancies
Reduced vacancy risk compared to single-tenancy dwellings
Strong rental demand from a broad tenant base
A higher-quality living environment supporting tenant retention
Internally, the property presents in excellent condition, with a clean, modern aesthetic and durable finishes designed for both longevity and ease of maintenance. A central shared kitchen and common areas are complemented by in-room amenities, striking a balance between independence and community living.
From an investment perspective, the asset sits firmly within a growing segment of the market — purpose-built co-living and multi-income housing — which continues to gain traction as affordability pressures and lifestyle preferences evolve.
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Property Details for 15 Omega St, Sunshine

15 Omega St, Sunshine is a 9 bedroom, 9 bathroom House with 3 parking spaces. The property has a land size of 515m2. The place is currently for sale with Scott Banks.

Building Type
House
Land Size
515m2
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About Sunshine 3020

The size of Sunshine is approximately 4.7 square kilometres. There are 18 parks, covering nearly 8.7% of the total area. The population of Sunshine in 2016 was 9768 people. By 2021 the population was 9445 showing a population decline of 3.3% in the area during that time. The predominant age group in Sunshine is 30-39 years. Households in Sunshine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine work in a professional occupation.In 2021, 55.70% of the homes in Sunshine were owner-occupied compared with 55.80% in 2016.

Sunshine has 5,932 properties. Over the last 5 years, Houses in Sunshine have seen a -1.57% decrease in median value, while Units have seen a 5.48% increase. As at 31 July 2026:

  • The median value for Houses in Sunshine is $856,039 while the median value for Units is $521,484.
  • Houses have a median rent of $530 while Units have a median rent of $470.
There are currently 29 properties listed for sale, and 25 properties listed for rent in Sunshine on OnTheHouse. According to Cotality's data, 213 properties were sold in the past 12 months in Sunshine.

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