518 Rae St, Fitzroy North is a 2 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2001. The property has a land size of 69m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
You are buying a lifestyle here. And also a superb modern warehouse/townhouse style residence - formerly part of a landmark factory. If you are an inner urbanite - or want to be one - the style and convenience here is everything you're looking for. Spread over three distinct levels, two/three bedrooms and two spacious living spaces both opening onto private outdoor terraces. This modern home offers zoned living and dining areas at its best. There is not a thing to do. Except slip along the bike track to Green Park for a latte. The ground floor office is ready to go or can be easily reverted back into a bedroom. The upper level consists of two large bedrooms, with higher than average ceilings - they are light-filled and decidedly generous and they both feature huge built-in custom-made wardrobes that will be seriously difficult to fill. Add to this two undercover car places, separate laundry, two complete bathrooms (one including a bath), sensational storage great security front and rear, and a stunning block with an attractive, secure communal courtyard.
The address, 518 Rae, is hard to beat for convenience. Multiple coffee choices in every direction, two tram lines within easy reach, a bus to La Trobe University and the CBD just 50 metres away on Holden Street and, of course, the much-loved North Fitzroy Village only minutes away. This property and all it offers, adds up to an opportunity for a lifestyle your friends will envy. The appearance from the street very quickly tells you this is an immaculate property that the owner has been proud of and any buyer will fall in love with very quickly. If you are the type of person who likes to tick boxes, brace yourself, because this has lots of boxes to tick. Inspect now for a combination of location and stylish living that doesn't come along very often.
The size of Fitzroy North is approximately 2.5 square kilometres. It has 16 parks covering nearly 16.2% of total area. The population of Fitzroy North in 2016 was 12339 people. By 2021 the population was 12781 showing a population growth of 3.6% in the area during that time. The predominant age group in Fitzroy North is 30-39 years. Households in Fitzroy North are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation.In 2021, 47.50% of the homes in Fitzroy North were owner-occupied compared with 45.90% in 2016.
Fitzroy North has 7,958 properties. Over the last 5 years, Houses in Fitzroy North have seen a 9.16% increase in median value, while Units have seen a 13.08% increase. As at 31 December 2025:
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