205 Mckinnon RoadMckinnon VIC 3204
Property Details for 205 Mckinnon Rd, Mckinnon
Last Listing description (May 2023)
A rare opportunity exists for an Astute buyer looking for a long term investment in the McKinnon school zone. Two Titles to be sold as one.
Sitting in Commercial Zoning, with a North rear, the land dimensions are as follows:
207 McKinnon Road: 6.0 x 36.8m = 223.4sqm Approx.
Total Land Size: 451.8sqm Approx. No easements or Restrictions.
Build Up to 14 Apartments, or 10 High Quality Apartments, with 2 retail shops on the ground floor and Rear Parking Access. Architectural designs provided by well known Sharp Building Design Located in Carnegie, ready to assist you in your planning and building project.
Property Description:
205 McKinnon Road: Comprises of a front office/reception. 4 separate offices, and kitchen to the rear, plus 2 wc, and rear yard.
Rental Yield: (potential)$36,398 + GST+ Outgoings./ current $22K+ GST + outgoings.
207 McKinnon Road: Comprises of a front shop ( that can be separated from rear Dwelling), A Family Living, open plan Kitchen, 2 bedrooms, and 2 bathrooms. 2 Rear storage rooms and courtyard.
Rental Yield (Potential):$34,836 + GST + Outgoings
Right of Way rear access to the North of the property.
Both Properties are offered as Vacant possession or going concern by settlement.
View by private Inspection Only.
Property History for 205 Mckinnon Rd, Mckinnon, VIC 3204
- 15 Jan 2023Listed for Sale $2.4M Two sold as One
- 09 Jun 2020Listed for Rent $22,000 / year
- 04 May 2020Listed for Sale $2.6M
Recent sales nearby
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0About Mckinnon 3204
The size of Mckinnon is approximately 1.6 square kilometres. It has 4 parks covering nearly 5.9% of total area. The population of Mckinnon in 2016 was 6064 people. By 2021 the population was 6878 showing a population growth of 13.4% in the area during that time. The predominant age group in Mckinnon is 10-19 years. Households in Mckinnon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mckinnon work in a professional occupation.In 2021, 65.60% of the homes in Mckinnon were owner-occupied compared with 68.40% in 2016.
Mckinnon has 3,202 properties. Over the last 5 years, Houses in Mckinnon have seen a 24.07% increase in median value, while Units have seen a 9.38% increase. As at 30 November 2025:
- The median value for Houses in Mckinnon is $1,962,618 while the median value for Units is $866,443.
- Houses have a median rent of $900 while Units have a median rent of $675.
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