125 Gilbert St, Latrobe is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 728m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 3 bedroom House sold in Latrobe in the last 12 months.
Perfectly located on Latrobes main street, this unique property presents a rare opportunity to secure a dual-income investment combining a charming commercial shopfront and a seperate two-bedroom residence.
Shopfront Features:
* Currently tenanted until mid-2026 at $350/week, the front retail space offers great street exposure and flexibility for a range of business uses.(Note: rent increase to $375 p/w 1st May)
Residence Features:
* Privately accessed via Kings Lane, the home is also tenanted until March 2026 at $450/week. (Note: rent increase to $460 p/w 22nd March)
Blending modern updates with charming original features, it provides a warm and inviting living environment in close proximity to all that Latrobes main street offers.
* Open plan kitchen, living, and dining with Daikin heat pump, block out roller blinds and ample natural light.
* Two generous bedrooms, one with a feature (non-working) fireplace.
* High ceilings, original timber door trim and high baseboards
* Spacious, modern bathroom with shower over spa bath, heated towel rail and toilet
* Additional playroom/office connecting old and new sections of the home
* Separate laundry with second toilet
* Low-maintenance, fenced yard with paved patio
* Private, additional courtyard
* Detached Colour-bond garage (approx. 10m x 4m)
NOTE: The property was originally configured as a combined commercial and residential space with the living area at the rear of the building. A dividing wall currently separates the two spaces, however, it remains easily accessible and could be reopened with minimal structural work. This presents an ideal opportunity for an owner-operator seeking to establish a business at the front while enjoying the convenience of on-site living all in a central and sought-after Latrobe location.
Whether you're looking to invest or explore future potential for a live-and-work setup, this property offers excellent value and versatility in a thriving township.
Contact Colin on 0408 666 301 to organise your private inspection.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
The size of Latrobe is approximately 62.8 square kilometres. There are 12 parks, covering nearly 7.1% of the total area. The population of Latrobe in 2016 was 4169 people. By 2021 the population was 5030 showing a population growth of 20.6% in the area during that time. The predominant age group in Latrobe is 60-69 years. Households in Latrobe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Latrobe work in a trades occupation.In 2021, 69.50% of the homes in Latrobe were owner-occupied compared with 68.20% in 2016.
Latrobe has 2,781 properties. Over the last 5 years, Houses in Latrobe have seen a 56.89% increase in median value, while Units have seen a 47.04% increase. As at 30 June 2026:
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