43 Ross StreetToorak VIC 3142
Property Details for 43 Ross St, Toorak
Last Listing description (July 2023)
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 16TH AUGUST AT 3PM
Colliers are proud to present for sale 43 Ross Street Toorak, a highly sought-after permitted development opportunity located in Melbourne's most exclusive suburb which has recently undertaken a once in a generation, exciting rejuvenation phase.
43 Ross Street Toorak represents a sensationally flexible development opportunity in a sought-after city fringe location of Melbourne, one of the world's most liveable cities. The offering provides an incoming purchaser the option of developing an existing permit, re-submit for alternate use or landbank in such a prestigious location.
Key Features Include:
- Vacant land parcel of 405m* (approx.)
- Permit approved for state-of-the-art multi-storey office building
- Flexible Commercial 1 Zoning
- Strong history of development success with end projects achieving significant sales rate $25,000/m+ for residential and $17,000/m*+ for office
- Zoning provides alternate development outcomes including residential, medical or hotel (STCA)
- Located in Toorak, Melbourne's most exclusive suburb with a median house price of $5,675,000
- Positioned in Toorak Village, a thriving high-end metropolis with major commercial developments by Orchard Piper and Vicland
- Close proximity to world-class retail amenity including Cannings Butchers, Haigh's, Bistro Thierry and Baker Bleu
- Well connected to public transport and major arterials, including Toorak Road tram, Hawksburn and Toorak train stations and the Monash freeway/Citylink
*approximately
For more information, please contact the below exclusive Colliers selling agents.
Ben Baines | +61 438 328 407
Ted Dwyer | +61 411 312 165
Alex Browne | +61 418 350 545
Property History for 43 Ross St, Toorak, VIC 3142
- 18 Jul 2023Listed for Sale Please contact agent
- 22 Mar 2022Listed for Sale Offers Considered: $3,600,000 - $4,000,000
- 30 Jul 2019Sold for $2,700,000
Recent sales nearby
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About Toorak 3142
The size of Toorak is approximately 4.3 square kilometres. There are 10 parks, covering nearly 3.1% of the 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 9,269 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.
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