27 Gilbert St, St Leonards is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 657m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
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A fabulous opportunity has arisen within the much sought-after area of 'old' St Leonards to secure a fabulous home with the potential for subdivision. The house offers an opportunity for developers to renovate/redevelop (STCA) within 300m of the sparkling shores of Port Phillip Bay. With a kitchen on each level of the home there is potential to create a dual occupancy living arrangement adding to the homes upside for those looking for a rental investment property. Alternatively, the home offers a wonderful beach/retirement home with plenty of room to move.
Upstairs, the home offers two spacious bedrooms, a large living area, a fabulous sun-room, a functional kitchen and an original bathroom complete with retro tiling. The living area features polished hard-wood floors and is a large space ideal for family entertainment. The living area opens out onto the north-facing sun-room which provides the ideal location to relax and enjoy the sun's warming rays. The functional kitchen offers all the necessary requirements for modern living.
Downstairs, the home is completed by a third bedroom, a large lounge, a separate dining room, a second kitchen, a second bathroom and a single lock-up garage. The lounge room oozes with retro charm with it's timber-lined walls while the kitchen is again original but functional.
The front and rear gardens of the property are low maintenance and the rear yard features a small storage shed.
A fabulous redevelopment/renovation opportunity in close proximity to the bays beautiful beaches. Sure to sell quickly in today's market.
The size of St Leonards is approximately 28.5 square kilometres. It has 13 parks covering nearly 9.9% of total area. The population of St Leonards in 2016 was 2480 people. By 2021 the population was 3542 showing a population growth of 42.8% in the area during that time. The predominant age group in St Leonards is 60-69 years. Households in St Leonards are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in St Leonards work in a professional occupation.In 2021, 73.30% of the homes in St Leonards were owner-occupied compared with 71.60% in 2016.
St Leonards has 5,636 properties. Over the last 5 years, Houses in St Leonards have seen a 22.46% increase in median value, while Units have seen a 52.20% increase. As at 30 November 2025:
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