203A Koroit Street, Warrnambool, VIC 3280 | House for sale | OnTheHouse
 
FOR SALE
$1,350,000-$1,450,000

203a Koroit Street
Warrnambool VIC 3280

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 2034m2
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Prime Blue Chip in Warrnambool Vic – 2 Separate Shop Fronts and a Residence with Land to develop.

Multi Income Opportunity
Offered for the first time in 50 years, this high-exposure property in the vibrant Warrnambool CBD presents an outstanding investment opportunity with two separate shopfronts, a residence, and future development potential.
With established long-term tenants in place-203 Rough Diamond Coffee Shop and 205 Little City Barbers-the property provides reliable income and strong long-term appeal. As pedestrian activity continues to increase in this city-edge precinct, now is an excellent time to secure a prominent addition to your investment portfolio.
Property Highlights
• Two Shopfronts: Flexible retail spaces with storage areas on a high-visibility site near the Kepler Street corner.
• Residence at Rear: A mid-century modern three-bedroom home featuring formal sitting, open kitchen/living/dining, laundry, powder room, and double garage downstairs, with three bedrooms and a central family bathroom upstairs.
• High Visibility Location: Positioned on Koroit Street to capture strong foot traffic and excellent exposure.
• Nearby Amenities: Close to shops, cafés, restaurants, and convenient public transport, with local bus services and the train station only two blocks away.
• Parking Convenience: Ample parking along Koroit Street improves accessibility for customers, visitors, and staff.
For Sale by Expression of Interest Closing 23rd of July 2026 at 2:30pm
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Property Details for 203a Koroit St, Warrnambool

203a Koroit St, Warrnambool is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 2034m2. The place is currently for sale with Falk & Co Estate Agents.

Building Type
House
Land Size
2034m2
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About Warrnambool 3280

The size of Warrnambool is approximately 65.1 square kilometres. There are 76 parks, covering nearly 6.4% of the total area. The population of Warrnambool in 2016 was 29661 people. By 2021 the population was 31308 showing a population growth of 5.6% in the area during that time. The predominant age group in Warrnambool is 60-69 years. Households in Warrnambool are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warrnambool work in a professional occupation.In 2021, 67.10% of the homes in Warrnambool were owner-occupied compared with 63.70% in 2016.

Warrnambool has 19,705 properties. Over the last 5 years, Houses in Warrnambool have seen a 36.35% increase in median value, while Units have seen a 24.16% increase. As at 31 May 2026:

  • The median value for Houses in Warrnambool is $684,857 while the median value for Units is $472,996.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 161 properties listed for sale, and 36 properties listed for rent in Warrnambool on OnTheHouse. According to Cotality's data, 939 properties were sold in the past 12 months in Warrnambool.

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David Falk
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Falk & Co Estate Agents
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