40 Wallis Ave, Ivanhoe East is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 871m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in August 2013.
Set on a magnificent block of approximately 871sqm, this expansive property located on one of the areas finest tree-lined avenues, easy walking distance to East Ivanhoe Village and close to leading schools, has brilliant potential.
The propertys exceptionally wide frontage (24.3m), north facing rear and level block presents a superb opportunity to: renovate; build a dream family home with a substantial street presence; or alternatively be capitalised on as a potential redevelopment site (STCA).
Partially refurbished, the current residence offers comfortable living comprising four bedrooms (en-suite to main), an impressive living and dining room, family room open to updated solid timber kitchen, main bathroom and separate laundry. Including a large bungalow and off-street parking, the property features polished timber floors, ducted heating and period plaster detail.
The size of Ivanhoe East is approximately 2.1 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Ivanhoe East in 2016 was 3815 people. By 2021 the population was 3762 showing a population decline of 1.4% in the area during that time. The predominant age group in Ivanhoe East is 50-59 years. Households in Ivanhoe East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe East work in a professional occupation.In 2021, 78.50% of the homes in Ivanhoe East were owner-occupied compared with 78.20% in 2016.
Ivanhoe East has 2,025 properties. Over the last 5 years, Houses in Ivanhoe East have seen a 33.61% increase in median value, while Units have seen a 12.78% increase. As at 30 November 2025:
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