50 Ridgway Mirboo North VIC 3871
Property Details for 50 Ridgway, Mirboo North
50 Ridgway, Mirboo North is a 3 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1393m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (September 2026)
THE PROPERTY
Positioned within Mirboo North's main commercial strip, this substantial mixed-use property combines a commercial shopfront with an attached three-bedroom residence. With both components currently leased, the property generates a combined rental income of approximately $36,639 per annum.
The commercial premises feature generous display windows and a flexible layout, currently configured with a retail floor and two office spaces, while the attached three-bedroom, two-bathroom residence includes a large backyard, entertaining deck and rear access via Burchell Lane. Separate entrances allow each tenancy to operate independently, with an existing internal connection providing additional flexibility beyond the current leasing arrangements.
THE HIGHLIGHTS
- 1,393m (approx.) allotment
- Commercial 1 Zone (C1Z)
- Two titles
- Residence leased at $440 per week until April 2027
- Commercial tenancy returning $13,758.84 per annum
- Annual CPI review with further commercial lease options available through to June 2029
- Commercial tenant responsible for building insurance, council rates and water rates
- Commercial shop floor measuring approximately 9.7m x 7.5m, plus two offices
- Commercial kitchenette, storage, toilet and heating/cooling
- Two-vehicle open carport plus additional residential parking
- Two smart meters servicing the property
THE LIFESTYLE
At the heart of Mirboo North's commercial precinct, cafs, the supermarket, retail, professional services and everyday amenities are all within easy walking distance, supporting both the commercial tenancy and the convenience of residential living.
Beyond the established dual income, the combination of commercial and residential spaces provides longer-term flexibility, including the potential for a future owner-occupier to bring their business and home together at the one address once the existing leases permit.
*While every effort has been made to ensure the accuracy of the information contained herein, prospective purchasers are encouraged to review the Due Diligence Checklist provided by Consumer Affairs Victoria and to make their own enquiries regarding the property consumer.vic.gov.au/duediligencechecklist
Property History for 50 Ridgway, Mirboo North, VIC 3871
- 10 Sep 2026Listed for Sale $675,000
- 28 Mar 2025Listed for Rent $440 / week
- 14 Jun 2022Listed for Sale $660,000
Recent sales nearby
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0About Mirboo North 3871
The size of Mirboo North is approximately 96.6 square kilometres. There are 2 parks, covering nearly 8.0% of the total area. The population of Mirboo North in 2016 was 2197 people. By 2021 the population was 2263 showing a population growth of 3.0% in the area during that time. The predominant age group in Mirboo North is 60-69 years. Households in Mirboo North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mirboo North work in a professional occupation.In 2021, 83.60% of the homes in Mirboo North were owner-occupied compared with 81.20% in 2016.
Mirboo North has 1,276 properties. Over the last 5 years, Houses in Mirboo North have seen a 7.03% increase in median value, while Units have seen a 42.28% increase. As at 31 August 2026:
- The median value for Houses in Mirboo North is $616,399 while the median value for Units is $410,026.
- Houses have a median rent of $440.
Suburb Insights for Mirboo North 3871
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