Positioned in a well-established Mount Waverley location, this versatile mixed-use property presents an outstanding opportunity for investors, owner-occupiers and business operators alike. Benefiting from highly desirable Commercial 1 Zoning (C1Z), the property offers exceptional flexibility for a broad range of commercial and residential uses (STCA).
The ground floor comprises a fully fitted hospitality premises with a commercial kitchen, making it ideally suited to cafés, restaurants, caterers, food operators and a range of other uses (STCA). Upstairs, a separate three-bedroom residence with a renovated bathroom provides added flexibility, whether you're looking to live on site, lease the residence separately, or maximise the property's investment potential.
Conveniently located close to local shopping precincts, public transport and major arterial roads, the property is well positioned to benefit from strong local demand and long-term growth.
Whether you're looking to establish your business, expand your investment portfolio or secure a versatile mixed-use asset, this is a rare opportunity to acquire a Commercial 1 Zoned property in a tightly held Mount Waverley location.
Property Highlights
• Commercial 1 Zone (C1Z)
• Fully fitted hospitality premises with commercial kitchen
• Three-bedroom residence upstairs
• Renovated central bathroom
• Prominent corner site with future redevelopment potential (STCA)
• Flexible mixed-use opportunity
• Ideal for owner-occupiers, investors and business operators
• Conveniently located with easy access to shops, public transport and major arterial roads
The size of Mount Waverley is approximately 15.2 square kilometres. There are 41 parks, covering nearly 11.6% of the total area. The population of Mount Waverley in 2016 was 33611 people. By 2021 the population was 35340 showing a population growth of 5.1% in the area during that time. The predominant age group in Mount Waverley is 40-49 years. Households in Mount Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Waverley work in a professional occupation.In 2021, 73.40% of the homes in Mount Waverley were owner-occupied compared with 74.20% in 2016.
Mount Waverley has 18,017 properties. Over the last 5 years, Houses in Mount Waverley have seen a -9.47% decrease in median value, while Units have seen a 1.71% increase. As at 31 August 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.