206/1 Wallace Avenue, Toorak, VIC 3142 | Property Value & History | OnTheHouse
OFF MARKET

206/1 Wallace Avenue
Toorak VIC 3142

Bedrooms: 2
Bathrooms: 3
Car spaces: 2
Floor area: 115m2
Land area: 2292m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 May 2026
Low

High
Save

Property Details for 206/1 Wallace Ave, Toorak

206/1 Wallace Ave, Toorak is a 2 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 2292m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in April 2024.

Building Type
Unit
Year Built
2002
Floor Size
115m2
Land Size
2292m2
Local Government
Stonnington
Lot/Plan
206/PS443572

Last Listing description (August 2025)

In the rarefied surrounds of landmark One Wallace Avenue, luxurious living environments enjoy a multi-awarded classical style building featuring Paul Bangay gardens, on-site manager and state-of-the-art resident amenities on the cusp of Toorak Village. Wrapped around a prized north-west facing corner with surrounding terrace, this exceptional two-bedroom two-bathroom apartment offers impeccable accommodation enhanced by abundant northern light, high ceilings and extensive glazing capturing superb leafy outlooks throughout.

A dedicated hall entry introduces large north-facing living and dining areas complemented by an electric fireplace and custom built-in storage, adjoining living/dining with stone-finished Miele kitchen featuring induction cooktop, wall oven, workstation and excellent storage, unfolding to indoor/outdoor entertaining and private terrace areas. In their own wing, two ensuite bedrooms include the oversized main with walk-in robe, the other with built-in robes, both with west facing terrace access. Other highlights include travertine bathrooms with separate guest powder room, dedicated laundry with storage, ducted heating/cooling, Oak parquetry floors, double glazing, plantation shutters, two-car basement parking and oversized storage room (3.7m X 4.7m approx.) with residents gym, pool, steam room and spa.

Only seconds to all the benefits of Toorak Village including boutiques, shops, cafs and restaurants, trams, Geelong Grammar (Grimwade), Como Park and Royal South Yarra Tennis Club with easy access to Chapel Street, other prestigious private schools and the Monash Freeway whilst maintaining a peaceful and still environment.

Property History for 206/1 Wallace Ave, Toorak, VIC 3142

A timeline of how this property has performed in the market
Last Sold
$2,000,000
18 Apr 2024
  • 18 Apr 2024
    Sold for $2,000,000
  • 17 May 2023
    Listed for Sale $2,950,000
  • 23 Sep 2016
    Sold for $2,440,000
Sign in to see more transactions
Commute Calculator

About Toorak 3142

The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Toorak in 2016 was 12909 people. By 2021 the population was 12817 showing a population decline of 0.7% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation.In 2021, 65.20% of the homes in Toorak were owner-occupied compared with 61.70% in 2016.

Toorak has 9,315 properties. Over the last 5 years, Houses in Toorak have seen a -11.69% decrease in median value, while Units have seen a 4.35% increase. As at 30 April 2026:

  • The median value for Houses in Toorak is $4,401,350 while the median value for Units is $1,095,755.
  • Houses have a median rent of $1,700 while Units have a median rent of $650.
There are currently 8 properties listed for sale, and 7 properties listed for rent in Toorak on OnTheHouse. According to Cotality's data, 496 properties were sold in the past 12 months in Toorak.

Suburb Insights for Toorak 3142

Market Insights
Toorak Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Toorak Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.