50 Wallace Street, Colac, VIC 3250 sold on 13 March 2026 | OnTheHouse
 
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Sold on 13 Mar 2026 for $485,000

50 Wallace Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 127m2
Land area: 556m2
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Charles Stewart Colac Residential & Rentals
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Property Details for 50 Wallace St, Colac

50 Wallace St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 556m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Colac in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
127m2
Land Size
556m2
Local Government
Colac Otway
Lot/Plan
1/PS509547

Last Listing description (March 2026)

50 Wallace Street presents a well-maintained three-bedroom home that balances comfort with practical design.

Each bedroom is generously proportioned and fitted with built-in robes, ceiling fans and timber flooring. The main living area is filled with natural light and centred around a gas fire, complemented by a split system and gas ducted heating throughout to ensure year-round comfort.

The kitchen is designed for functionality, offering gas cooking, ample bench space and substantial storage. A full butler's pantry provides additional preparation space, a second sink and a dishwasher, allowing the main kitchen to remain streamlined and highly usable.

The modern bathroom includes a shower, vanity and toilet, with the added convenience of a second toilet positioned off the laundry.

Outdoors, a substantial undercover entertaining area connects the home to an impressive 5.5m x 12.5m shed, providing exceptional space for vehicles, storage, a workshop or hobby use. The yard is enclosed and low maintenance, offering privacy without the upkeep.

Located within an established pocket of Colac, the property enjoys close proximity to schools, parks and everyday amenities.

Independent rental appraisal on this property is $500 per week approx.

DISCLAIMER: While utmost care has been taken to verify the accuracy of the information provided above, it should not be construed as a representation by the vendor or the agent/agency. All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

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Property History for 50 Wallace St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$485,000
13 Mar 2026
Listed for Rent
16 Dec 2025
  • 13 Mar 2026
    Sold for $485,000
  • 24 Feb 2026
    Listed for Sale $475,000
  • 12 Nov 2025
    Listed for Rent $480 / week
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About Colac 3250

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 5,795 properties. Over the last 5 years, Houses in Colac have seen a 30.49% increase in median value, while Units have seen a 26.33% increase. As at 28 February 2026:

  • The median value for Houses in Colac is $498,084 while the median value for Units is $379,164.
  • Houses have a median rent of $480 while Units have a median rent of $390.
There are currently 18 properties listed for sale, and 2 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 291 properties were sold in the past 12 months in Colac.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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