29/20 Commercial Rd, Melbourne is a 5 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 3132m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 5 bedroom Unit sold in Melbourne in the last 12 months.
Offering an exceptional level of flexibility in a tightly held pocket of Melbourne, this expansive double-storey, 5-bedroom apartment presents an unmatched opportunity for residential living, dual living, or commercial use (STCA). Positioned in a landmark location directly along Commercial Road, it delivers scale, exposure, and unmatched convenience just steps from the Alfred Hospital, Fawkner Park, Prahran Market, and St Kilda Road trams.
Spread across two full levels, the home features two living zones, two full kitchens, five bedrooms, two bathrooms, and two private balconies overlooking the vibrant Commercial Road precinct. The layout is ideal for large families, consultants, allied health, short-stay operators, or those looking to live and work in one central location.
Ground Floor Features:
Spacious living zone (6.2m x 3.9m) flowing into dining and kitchen/meals area
Three bedrooms, each privately positioned
Bathroom and laundry amenities
Large balcony (10.5m x 1.3m) facing Commercial Road
First Floor Features:
Oversized foyer/reception area ideal for commercial use, client waiting, or second living space
Two additional bedrooms + second full kitchen
Second balcony with elevated street views
With secure entry, two car spaces, and a layout offering true independence between both levels, this is a rare opportunity to secure substantial space with outstanding versatility in one of Melbournes most sought-after lifestyle and medical hubs.
A blue-chip inner-city offering with unlimited potential.
The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 13,704 properties. Over the last 5 years, Houses in Melbourne have seen a 55.43% increase in median value, while Units have seen a -3.58% decrease. As at 30 April 2026:
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