129-131 Carlisle St, Balaclava is a 1 bedroom, 1 bathroom House. The property has a land size of 333m2. While the property is not currently for sale or for rent, it was last sold in June 2016.
An unexpected drawcard, this industrial style studio surprise delivers an exciting home base, an unbeatable position and untapped potential on 271.79 sqm approx.
Disguised as a vacant shop front, this urban sensation is currently a massive open studio space separating the spaces with dramatic drapes, while featuring a modern entertainer's kitchen (Artusi 900mm stove & Bosch dishwasher), a chic compact bathroom and a blank canvas of a north facing backyard with a rear laundry. It's got the edgy vibe with its timber beamed ceilings, exposed brick walls and hardwood floors, while it's comfortable with reverse cycle air conditioning.
Alternatively in this Commercial 1 Zone (C1Z), this unique property could utilize its high exposure position as a commercial space or enviable viewing aspects opposite St Kilda Town Hall through redevelopment (Subject to Council Approval).
Walk to everything you could ever want including city trams, cosmopolitan bars, inspired restaurants, cafe culture, Balaclava station, the St Kilda Library, Coles, Yo-Chi, St Kilda Primary School and St Kilda Botanical Gardens.
The size of Balaclava is approximately 0.8 square kilometres. It has 3 parks covering nearly 1.8% of total area. The population of Balaclava in 2016 was 5396 people. By 2021 the population was 5392 showing a population decline of 0.1% in the area during that time. The predominant age group in Balaclava is 30-39 years. Households in Balaclava are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balaclava work in a professional occupation.In 2021, 49.00% of the homes in Balaclava were owner-occupied compared with 43.40% in 2016.
Balaclava has 3,675 properties. Over the last 5 years, Houses in Balaclava have seen a 1.68% increase in median value, while Units have seen a -0.55% decrease. As at 31 March 2026:
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