90 Melbourne St, Mulwala is a 3 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 683m2.This Property is currently listed for sale with Elders Real Estate Yarrawonga
Leigh Ramsdale and Xavier Leslie of Elders Real Estate are proud to present,90 Melbourne Street, Mulwala - an exceptionally rare opportunity comprising both a residential dwelling and a standalone commercial office building in a prime central location.Positioned within one of Mulwala's most tightly held precincts, this versatile property offers enormous appeal for investors, business operators, developers, or purchasers seeking flexibility, dual income potential, or a live-and-work opportunity.The residential component features a very solid double-storey home offering three bedrooms and two bathrooms, boasting water views and exceptional potential to further enhance or modernise, the home is perfectly positioned within walking distance to local cafs, shops, clubs, restaurants, and the foreshore, delivering an enviable lifestyle opportunity in the heart of Mulwala.The home provides excellent separation of living spaces across two levels, making it ideal for permanent occupancy, holiday accommodation, staff housing, or long-term rental investment.Separate to the residence is a substantial commercial office building offering a highly functional layout with ten office spaces in total - comprising five offices downstairs and five upstairs. The configuration lends itself perfectly to professional services, consulting rooms, administration businesses, allied health operations, or multi-tenancy leasing opportunities.With both residential and commercial infrastructure situated on the one property, the opportunities are extensive for owner-occupiers seeking business exposure alongside residential convenience, or investors looking to maximise multiple income streams.Key features include: Prime Melbourne Street location in central Mulwala Separate residential and commercial buildings Double-storey three-bedroom, two-bathroom residence Water views with enormous future potential Walking distance to shops, cafs, clubs and local amenities Large commercial office building with ten office spaces Five offices downstairs and five offices upstairs Excellent flexibility for owner-occupiers or investors Potential for multiple rental income streams Strong street presence and accessibility Rare opportunity within a tightly held market Ideal for professional services, consulting or administration businessesOpportunities combining residential accommodation with a dedicated commercial facility are exceptionally difficult to secure within the local market. 90 Melbourne Street, Mulwala presents a unique and versatile investment with significant future potential.
The size of Mulwala is approximately 356.7 square kilometres. There are 15 parks, covering nearly 4.3% of the total area. The population of Mulwala in 2016 was 2161 people. By 2021 the population was 2557 showing a population growth of 18.3% in the area during that time. The predominant age group in Mulwala is 60-69 years. Households in Mulwala are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mulwala work in a trades occupation.In 2021, 75.00% of the homes in Mulwala were owner-occupied compared with 72.60% in 2016.
Mulwala has 2,627 properties. Over the last 5 years, Houses in Mulwala have seen a 33.05% increase in median value, while Units have seen a 49.80% increase. As at 31 August 2026:
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