403/122-126 Ormond Rd, Elwood is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 1254m2 and floor size of 149m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Brilliantly conceived and spanning an expansive indoor-outdoor footprint high above Ormond Road Village, this sensational three-bedroom, two-bathroom penthouse with extraordinary bay views sets the benchmark for enviable Elwood living.
Entertainers will celebrate the generous open-plan living and dining zone, headlined by a bold kitchen with stone benches, Smeg cooking appliances and a seamless flow to a vast terrace. This is where the glistening water of Port Phillip Bay and iconic leafy treetops provide an unforgettable backdrop to hosting events, offering an exclusive vantage point to take in the vibrant yet peaceful surroundings. Meanwhile, a stone-clad bathroom serves the bedrooms, each well-removed from the living zone and complete with built-in robes, including the entirely private main suite with a deep walk-in robe and a stone en-suite with twin vanities and a luxurious shower.
Securely accessed via lift and boasting secure basement garage parking for two vehicles plus two further allocated parks on street level (not on title), video entry, reverse-cycle heating/cooling, double glazing, and electric blinds, its substantial size and amenity will please the most discerning buyer. Located steps from Ormond Road cafes, first-class dining, the beach, Elsternwick Park and excellent schools.
The size of Elwood is approximately 2.6 square kilometres. There are 14 parks, covering nearly 14.0% of the total area. The population of Elwood in 2016 was 15543 people. By 2021 the population was 15153 showing a population decline of 2.5% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation.In 2021, 46.90% of the homes in Elwood were owner-occupied compared with 41.90% in 2016.
Elwood has 10,269 properties. Over the last 5 years, Houses in Elwood have seen a 0.20% increase in median value, while Units have seen a 2.44% increase. As at 30 April 2026:
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