84 Ormond Road, Elwood, VIC 3184 sold on 17 December 2025 | OnTheHouse
 
SOLD
Sold on 17 Dec 2025 for $3,920,000

84 Ormond Road
Elwood VIC 3184

Bedrooms: 8
Bathrooms: 8
Car spaces: 1
Land area: 230m2
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Property Details for 84 Ormond Rd, Elwood

Building Type
Commercial
Land Size
230m2
Local Government
Port Phillip
Lot/Plan
2/PS510675

Last Listing description (February 2026)

EXPRESSION OF INTERESTThe beautifully architect designed modern property by Nixon Tulloch Fortey is fully leased with long term tenant (Bubba Pizza), less than 10-years old and wellmaintained, blue-chip freehold building with main Ormond Road frontage and highly sought rear laneway access within the tightly held Elwood Village. With additional possibility to sub-divide (STCA). Offered for the first time since construction.The building comprises: 1 commercial space at the ground floor frontage. 2x 1-bedroom apartments. 3x 2-bedroom townhouses. A Carshare agreement for the single parking space at the rear of the property. High-end security with cameras Less than 10-years old (Excellent depreciation credit available) C1Z Commercial 1 ZoneINVESTMENT SUMMARY: Commercial: 84 Ormond Road, Elwood Total Rent - $61,324.26 p.a. + GST as at 01/08/2023 Tenant : Bubba Pizza Lease expire 31/07/2030 Further term NIL 3.0 % Fixed Annual Increase Tenant : Go Get Car Share Lease expire 09/11/2026 Further term 5+5 years Residential: 84 Ormond Road, Elwood Total Rent - $163,096.00 p.a. Apt. 1 - $2,194.00 p.m. - Lease 12 months fixed term lease expire 05/09/2025 Apt. 2 - $2,368.00 p.m. - Lease 12 months fixed term lease expire 27/03/2026 T/H 3 Vacant - $3,033.00 p.m. appraised rent as at July 2025 T/H 4 - $2,824.00 p.m. - Lease Periodic from 27/10/2023 T/H 5 - $3,172.00 p.m. - Lease 12 months fixed term lease expire 19/11/2025

Property History for 84 Ormond Rd, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$3,920,000
17 Dec 2025
Listed for Rent
$958/w
20 Jun 2016
  • 17 Dec 2025
    Sold for $3,920,000
  • 27 Aug 2025
    Listed for Sale Expression of Interest $3,920,000 - $4,260,000
  • 18 Feb 2016
    Listed for Rent - Price not available
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About Elwood 3184

The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14.0% of 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 10,281 properties. Over the last 5 years, Houses in Elwood have seen a 3.50% increase in median value, while Units have seen a 4.76% increase. As at 28 February 2026:

  • The median value for Houses in Elwood is $2,272,110 while the median value for Units is $703,002.
  • Houses have a median rent of $630 while Units have a median rent of $590.
There are currently 24 properties listed for sale, and 11 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 601 properties were sold in the past 12 months in Elwood.

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