3 Riverway Rd, Montrose is a 0 bedroom, 0 bathroom Unit with 4 parking spaces and was built in 1990. The property has a land size of 953m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
The character of a Circ 1880 railway cottage at the front and a 1980 s one bedroom fully separate villa unit behind, plus enough land to build a third (953m2 of level land) the possibilities are endless. The Circ 1880 cottage has Tas oak floors, a formal lounge, open plan kitchen and dining and 2 double bedrooms and a sunroom, there are even Mountain views. It was let at $250pw but this could easily be increased. The one bedroom (with built ins) fully separate villa, built in the eighties is open plan with a sunroom entrance, raked ceilinged feature lounge and a good built ins. There is a pegola carport and features lots of sun, and this was let for $180pw. They are both offered for the one price and are vacant. With 953m2 of level land and good access there is the possibility of building a third unit STCA. This is an opportunity too good to miss but please be quick as this is a very rare offering. Call Neville today
The size of Montrose is approximately 2.9 square kilometres. It has 6 parks covering nearly 2.2% of total area. The population of Montrose in 2016 was 2152 people. By 2021 the population was 2313 showing a population growth of 7.5% in the area during that time. The predominant age group in Montrose is 30-39 years. Households in Montrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Montrose work in a community and personal service occupation.In 2021, 68.60% of the homes in Montrose were owner-occupied compared with 70.80% in 2016.
Montrose has 1,112 properties. Over the last 5 years, Houses in Montrose have seen a 39.64% increase in median value, while Units have seen a 37.55% increase. As at 30 November 2025:
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