148 Cherrys Lane, Toolangi is a 3 bedroom, 1 bathroom House with 110 parking spaces. The property has a land size of 76735m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 3 bedroom House sold in Toolangi in the last 12 months.
Here is a really special property: tightly held since first selection, this 18 acre (approx) holding commands 550 m of Yea River frontage, provides massive machinery shedding storage, arable pasture, and an old house to renovate.
The advantage of this land holding is the "building entitlement" provided by the existence of the dwelling. The circa 1920 3 bedroom home comes with engineer's plans for renovation. The house is on concrete and cypress stumps with a marvellous outlook over the surrounding farm land, views of Mount St Leonard, and overlooking the Yea River.
So you can undertake the project, or select a different building site and craft a home of your choosing.
The 22 m x 30 m concrete based machinery shed with power is a major asset, sporting a huge replacement value in today's economy. Power is connected to the property at two places, with a meter at the shed and metre at the house. 3 phase is available.
The 18 acres is divided into 5 paddocks with cattle yards on the river flats and crushed rock driveway in good condition.
This property will please a variety of incoming owners: hobby farmer, aspirational buyer looking to live on acreage, or investor. It is situated 17 mins to Healesville and Yarra Glen, located at the perfect crossroads for someone whose employment is based in the Yarra Valley or eastern suburbs.
The best thing about living in Toolangi is that it is close to either Melba or Maroondah highways, while being enough off the beaten track to be private, quiet and offering the very best of country living.
Don't miss out on this once and a lifetime opportunity. Text 148CHERRYS to 0448 820 022.
The size of Toolangi is approximately 171.5 square kilometres. It has 4 parks covering nearly 84.6% of total area. The population of Toolangi in 2016 was 344 people. By 2021 the population was 366 showing a population growth of 6.4% in the area during that time. The predominant age group in Toolangi is 50-59 years. Households in Toolangi are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toolangi work in a trades occupation.In 2021, 82.20% of the homes in Toolangi were owner-occupied compared with 88.80% in 2016.
Toolangi has 223 properties. Over the last 5 years, Houses in Toolangi have seen a -5.74% decrease in median value, while Units have seen a 44.44% increase. As at 30 November 2025:
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