43 Wallace St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 950m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Set on a generous 950 sqm block, this character-filled weatherboard residence captures the charm of a bygone era with all the essentials for modern living. The classic bullnose veranda with timber fretwork and the white picket fence set a welcoming tone, while inside the home reveals warmth and comfort throughout. The open plan kitchen and living area is the heart of the home, featuring laminate cabinetry with a contrasting timber benchtop, electric cooking and a walk-in pantry, while the adjoining living space is enhanced by a split system and gas wall heater. Three well-proportioned bedrooms include one with a beautiful original fireplace, and the bathroom offers a shower over bath with a separate toilet conveniently located in the laundry. Outdoors, the north-facing entertaining area makes the most of the sunshine, ideal for family gatherings or quiet mornings. A fully fenced yard with neat gardens, a backyard shed and side driveway access adds to the practicality. Adding to its appeal, the property is within easy reach of the Coles complex, Bunnings and the CBD, ensuring both convenience and lifestyle are well catered for.Currently tenanted until January 2026 at $340 per week, this property offers an attractive investment opportunity alongside its lifestyle appeal.*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of total area. The population of Colac in 2016 was 9048 people. By 2021 the population was 9243 showing a population growth of 2.2% in the area during that time. The predominant age group in Colac is 20-29 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation.In 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.
Colac has 5,772 properties. Over the last 5 years, Houses in Colac have seen a 39.33% increase in median value, while Units have seen a 20.08% increase. As at 30 November 2025:
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