This property is zoned Residential Growth Zone (RGZ1) and has options galore. The residence is situated on 467sqm approx and currently has a commercial lease in place. Any savvy investor considering this property has options to continue leasing commercially, plan to develop with mixed use of apartments and retail or renovate the home back to a residential floor plan. The location does not get much better with so many amenities at your doorstep. Walk to Lilydale Main Street or Marketplace and enjoy easy access to cafes, supermarkets, station, and shopping. Contact the team today to discuss your next investment or home.
For sale or for lease.
The size of Lilydale is approximately 29.2 square kilometres. It has 23 parks covering nearly 9.7% of total area. The population of Lilydale in 2016 was 16531 people. By 2021 the population was 17348 showing a population growth of 4.9% in the area during that time. The predominant age group in Lilydale is 50-59 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a professional occupation.In 2021, 77.60% of the homes in Lilydale were owner-occupied compared with 76.10% in 2016.
Lilydale has 9,691 properties. Over the last 5 years, Houses in Lilydale have seen a 27.62% increase in median value, while Units have seen a 20.41% increase. As at 31 December 2025:
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