5/1 Wallace AvenueToorak VIC 3142
Property Details for 5/1 Wallace Ave, Toorak
5/1 Wallace Ave, Toorak is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 2292m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (July 2023)
A timeless building inviting a private and friendly community sits at the entrance to the Toorak Village. This is an extremely quiet and spacious ground floor apartment built by award winning developer Michael Yates and offers a beautiful Paul Bangay garden outlook and a private terrace.
A secure automated entrance is filled with natural light and garden views. High doorways and tall double-glazed windows accentuate the volume of light and space, highlighting a symphony of Oak parquetry, two-pack joinery and stone surfaces. An immense entertainers lounge and dining room is enriched by customised media cabinetry and built-in sound speakers stretching onto a full width terrace. The chefs kitchen has a high servery and casual meals area with Miele appliances. Overlooking the garden from every window, the very large main bedroom features lots of wardrobes; a drop down TV and a twin basin ensuite with a luxe soaker tub. A large central bathroom services the full sized second bedroom and theres a double door home office which spills into the living areas.
Finished with a separate laundry room, plus two carparks and a huge storeroom, the home provides first-rate residents facilities including a gymnasium, plunge pool; separate spa and steam room. There is plenty of onsite visitors parking and a full day caretaker. Situated mere paces from the cosy cafes and restaurants, the home delivers every convenience with daily services, boutique retailers, tram stop and train station nearby with easy access to Monash arterial, Yarra River recreation and the CBD.
Inspection will delight.
Property History for 5/1 Wallace Ave, Toorak, VIC 3142
- 08 Jul 2023Sold for $1,925,000
- 25 May 2023Listed for Sale Not Disclosed
- 07 Nov 2013Listed for Sale 1300000
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0About 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 9,317 properties. Over the last 5 years, Houses in Toorak have seen a 2.12% increase in median value, while Units have seen a 16.27% increase. As at 31 March 2026:
- The median value for Houses in Toorak is $4,793,464 while the median value for Units is $1,306,784.
- Houses have a median rent of $1,650 while Units have a median rent of $650.
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