1523 High StreetGlen Iris VIC 3146
Property Details for 1523 High St, Glen Iris
Last Listing description (February 2026)
A rare and highly sought-after freehold opportunity in the heart of Glen Iris - one of Melbourne's most prestigious and tightly held suburbs. With Commercial 1 Zoning, this high-exposure asset presents endless possibilities, whether you're looking to occupy, invest, or redevelop. Offering a ground floor 40sqm* shop front plus a two bedroom residence split over 2 levels with rear access, this unique property is a prized find!
Unbeatable Location & Connectivity
Prime High Street frontage for maximum exposure.
Easy access to Monash Freeway (M1) & major arterials (Burke Rd, Toorak Rd, Warrigal Rd).
Surrounded by thriving retail & lifestyle precincts, including Glenferrie Rd Malvern, Camberwell Junction and Tooronga Shopping Centre.
Property Highlights
149sqm* land area with 102sqm* of versatile floor space over two levels.
Rear lane access via Paran Place with secure tandem parking for 2 cars (remote control roller door & lockable pedestrian gate).
Excellent natural light & high-exposure signage potential.
Current Use & Future Potential
Ground-floor shopfront (40sqm)*, currently operating as a hair salon, featuring a private powder room.
Separate residence split over two levels: upstairs offering 2 bedrooms, and an ensuite bathroom; Downstairs has a modern kitchen with meals area, a laundry, bathroom and a spacious living area.
Reverse-cycle split system for year-round comfort.
Ideal for owner-occupiers, investors, or developers looking to capitalise on this blue-chip location.
Potential Rental Return (approx.)
Commercial shop front: $650 - $700 per week
Residential apartment: $500 - $550 per week
TOTAL = $1,150 - $1,250 per week
Opportunities like this are rarely available - act now!
Contact us today to secure this prime freehold asset before it's gone!
Property History for 1523 High St, Glen Iris, VIC 3146
- 05 Feb 2025Listed for Sale $900,000
- 15 Jul 2021Listed for Sale $1,499,900
- 14 Oct 1981Sold for $41,500
Recent sales nearby
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About Glen Iris 3146
The size of Glen Iris is approximately 8.0 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2016 was 25268 people. By 2021 the population was 26131 showing a population growth of 3.4% in the area during that time. The predominant age group in Glen Iris is 50-59 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation.In 2021, 70.00% of the homes in Glen Iris were owner-occupied compared with 68.00% in 2016.
Glen Iris has 13,480 properties. Over the last 5 years, Houses in Glen Iris have seen a 4.37% increase in median value, while Units have seen a 6.61% increase. As at 31 March 2026:
- The median value for Houses in Glen Iris is $2,395,404 while the median value for Units is $766,441.
- Houses have a median rent of $1,050 while Units have a median rent of $580.
Suburb Insights for Glen Iris 3146
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