40 Mcgrath St, Castlemaine is a 4 bedroom, 2 bathroom House and was built in 1864. The property has a land size of 1018m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 4 bedroom House sold in Castlemaine in the last 12 months.
Framed by established gardens on a generous 1018m, this charming three-bedroom brick cottage offers warmth, character, and versatility in a coveted location.
A classic faade gives way to a welcoming interior where rich timber floorboards flow throughout, setting a warm and inviting tone. At the front of the home, the sitting room is a place to unwind, bathed in natural light, while the recently renovated bathroom and laundry introduce a touch of modern luxury with elegant terrazzo tiles.
At the rear, the kitchen is the central gathering space, seamlessly connecting to the outdoors. French doors open to a covered verandah, inviting you to relax and take in the beauty of the gardens-an ever-changing tapestry of seasonal colour, offering both privacy and serenity.
Beyond the main residence, a detached studio/workspace offers incredible flexibility. Whether you're an artist seeking inspiration, a professional working from home, or simply in need of a quiet retreat, this space adapts to your needs.
However, the real surprise lies beyond-a completely self-contained accommodation accessed separately via rear entry. Designed for privacy and independence, this hidden gem includes a loft-style bedroom, a quaint yet functional bathroom, and an open-plan living and kitchen area. A private, fenced garden enhances the sense of retreat, making it an ideal option for extended family, guest stays, or as an income-generating rental.
Positioned within easy walking distance to the much-loved Wesley Hill Bakery and the local recreation reserve, this is a home that blends everyday convenience with lifestyle appeal. A place to put down roots, embrace creativity, or explore the possibilities that dual living provides.
The size of Castlemaine is approximately 20.2 square kilometres. It has 26 parks covering nearly 22.3% of total area. The population of Castlemaine in 2016 was 6757 people. By 2021 the population was 7506 showing a population growth of 11.1% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation.In 2021, 73.40% of the homes in Castlemaine were owner-occupied compared with 71.00% in 2016.
Castlemaine has 4,803 properties. Over the last 5 years, Houses in Castlemaine have seen a 39.20% increase in median value, while Units have seen a 27.95% increase. As at 30 November 2025:
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