118 Boronia RoadBoronia VIC 3155
Property Details for 118 Boronia Rd, Boronia
Last Listing description (April 2026)
Appleby Commercial is pleased to present 118–120 Boronia Road, Boronia for sale — a rare opportunity to secure a high-exposure corner holding with immediate income and substantial future development potential (STCA).Strategically positioned on the prominent intersection of Boronia Road and Dorset Road, this tightly held asset sits within the heart of the Boronia Major Activity Centre, offering exceptional exposure, strong passing traffic, and long-term growth prospects.PROPERTY HIGHLIGHTS Prominent corner site at Boronia & Dorset Roads Two retail shops on one title Land area: 364 sqm* | Building area: 105 sqm* Located within Boronia Major Activity Centre (Commercial 1 Zone) Multiple tenancies + one vacant shop with leasing upside Current combined rental income: $75,556.00* p.a. Strong development potential (up to 10 levels, STCA) Flexible investment with future repositioning or redevelopment appealINVESTMENT APPEALThis is a compelling opportunity for investors, developers, and value-add buyers seeking a versatile asset with multiple income streams and clear upside.The fully leased tenancy mix provides immediate and secure holding income, enhancing the property’s investment appeal. Flexible lease arrangements further strengthen the asset’s position, offering scope for strategic repositioning or future redevelopment potential.LOCATION ADVANTAGEPositioned within one of Melbourne’s evolving suburban activity centres, the property benefits from: Prominent corner exposure to high daily traffic volumes Immediate access to major arterial roads including Dorset Road Strong surrounding retail, commercial and residential catchment Ongoing government-backed revitalisation under the Boronia Renewal StrategyFUTURE UPSIDEWith favourable zoning and inclusion within the Boronia Renewal Strategy, the property is well positioned for long-term capital growth and redevelopment potential (STCA), making it ideal for developers looking to capitalise on future density uplift.For further information or to arrange an inspection, please contact Appleby Commercial on (03) 8727 9555.*Denotes Approximate
Property History for 118 Boronia Rd, Boronia, VIC 3155
- 21 Apr 2026Listed for Sale Contact Agent
- 17 Jun 2022Sold for $535,000
- 22 Dec 1982Sold for $78,000
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0About Boronia 3155
The size of Boronia is approximately 11.3 square kilometres. There are 36 parks, covering nearly 7.8% of the total area. The population of Boronia in 2016 was 22195 people. By 2021 the population was 23607 showing a population growth of 6.4% in the area during that time. The predominant age group in Boronia is 30-39 years. Households in Boronia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Boronia work in a professional occupation.In 2021, 69.90% of the homes in Boronia were owner-occupied compared with 70.80% in 2016.
Boronia has 13,255 properties. Over the last 5 years, Houses in Boronia have seen a 6.46% increase in median value, while Units have seen a 10.22% increase. As at 31 May 2026:
- The median value for Houses in Boronia is $854,316 while the median value for Units is $671,914.
- Houses have a median rent of $605 while Units have a median rent of $575.
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