128 Pascoe Vale Rd, Moonee Ponds is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 501m2. While the property is not currently for sale or for rent, it was last sold in May 1985.
Set in a prime Moonee Ponds location with outstanding exposure, this freestanding Edwardian residence on approximately 501m with 12.2-metre front and rear boundaries offers a rare and highly flexible opportunity within the coveted Commercial 1 Zone.
With classic street appeal and a deep, rectangular block including valuable rear right-of-way access, the property is ideal for transformation-whether as a beautifully restored residence, a thriving business premises, or a significant redevelopment site, subject to council approval.
The Commercial 1 Zone allows for a broad range of uses including retail, food and beverage, professional or medical consulting, creative and commercial offices, residential or mixed-use development. It's also suitable for health and wellness businesses, boutique accommodation, or childcare services, giving owner-occupiers, investors and developers enormous scope to capitalise.
Tram route 59 stops quite literally at your doorstep, while Moonee Ponds Station, Puckle Street, Queens Park, and a full suite of lifestyle, retail and dining amenities are just a short stroll away.
Whether you're looking to establish a business in a high-profile position, landbank for the future, or deliver a standout project in one of inner Melbourne's most vibrant commercial precincts, this is an exceptional opportunity not to be missed.
The size of Moonee Ponds is approximately 4.4 square kilometres. It has 20 parks covering nearly 17.0% of total area. The population of Moonee Ponds in 2016 was 14250 people. By 2021 the population was 16224 showing a population growth of 13.8% in the area during that time. The predominant age group in Moonee Ponds is 30-39 years. Households in Moonee Ponds are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Moonee Ponds work in a professional occupation.In 2021, 58.90% of the homes in Moonee Ponds were owner-occupied compared with 60.30% in 2016.
Moonee Ponds has 11,076 properties. Over the last 5 years, Houses in Moonee Ponds have seen a 14.15% increase in median value, while Units have seen a 13.03% increase. As at 31 December 2025:
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