191 Carlisle StreetBalaclava VIC 3183
Property Details for 191 Carlisle St, Balaclava
191 Carlisle St, Balaclava is a 17 bedroom, 9 bathroom Unit. The property has a land size of 419m2.
Last Listing description (August 2022)
Inspection by appointment.
This blue-chip property presents a rare opportunity to secure a superbly located investment or development site with approved plans for multilevel mix residential/commercial development in the heart of Carlisle Street. Situated on a total land area of approximately 410.9 square metres benefitting from ROW access via a wide rear laneway, the current double storey rendered brick premises currently comprises of 3 x retail shops with active long serving tenancies. There are also approved plans and permits in place for the construction of a 5-level boutique block comprising of 8 x 2-bedroom apartments, 1 x 1-bedroom apartment, basement parking, lobby and 2 retail shops at ground level. Whether you plan to upsize your portfolio or redevelop, you're sure to reap the significant upsides of this bustling high-profile location that's metres from Balaclava Station, on the doorstep of trams and surrounded by a plethora of restaurants, cafs, supermarkets, fresh food stores, bakeries, shops, and personal services. Note: Flexible settlement terms are available.
Property History for 191 Carlisle St, Balaclava, VIC 3183
- 15 Oct 2021Listed for Sale Contact Agent
Recent sales nearby
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0About Balaclava 3183
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 3,650 properties. Over the last 5 years, Houses in Balaclava have seen a 8.80% increase in median value, while Units have seen a 4.64% increase. As at 30 November 2025:
- The median value for Houses in Balaclava is $1,408,371 while the median value for Units is $604,904.
- Houses have a median rent of $625 while Units have a median rent of $550.
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