71 Nicholson St, Carlton is a 7 bedroom, 9 bathroom House and was built in 1910. The property has a land size of 157m2 and floor size of 280m2. While the property is not currently for sale or for rent, it was last sold in June 2013.
The Allure Of Unlimited Options
Behind an evocative modernist facade this city edge property offers dual levels, eleven principal rooms and unlimited possibilities! A restaurant, office and a leased house at various points in its former life, the future suggests a range of options for making the utmost of a great location close to the CBD, Carlton Gardens and the Melbourne University campus. Currently configured so that nine bedrooms accompany two living areas, upstairs and downstairs bathrooms and a commercial kitchen, the spaces, classified Residential 1, with commercial zoning, occupy an allotment of some 158sqm. This former local landmark, the 'Monet Restaurant' can be converted to a spectacular single home, dual apartments or an office/dwelling combination as well as suggesting significant investment rewards from several other perspectives, including a return to a restaurant role, STCA. The scope is exceptional, an opportunity not to be missed!
The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.
Carlton has 16,053 properties. Over the last 5 years, Houses in Carlton have seen a -2.64% decrease in median value, while Units have seen a -10.58% decrease. As at 31 December 2025:
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