5/37 Wallace Ave, Toorak is a 3 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 2008. The property has a land size of 1087m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
In an exclusive boutique development of only 5, this whole floor Penthouse is built by the renowned Davies Henderson and architect Christopher Doyle. It offers superb formal and informal living and dining zones, three outstanding bedrooms plus a separate custom library. This home delivers exceptional low maintenance lifestyle appeal with only a moments' walk to Como Park, The Yarra River and Toorak Villages fabulous shops, cafes, restaurants, public transport, private schools and everything else the Village has to offer.
Lavish proportions and expectational finishes are showcased throughout this refined residence with a fully fitted customised library to the bespoke dining room and balcony, an intimate formal sitting room with a gas fireplace and opening out to expansive north-east private terrace overlooking Wallace Avenue. The gourmet chef's kitchen boasts Miele appliances throughout, a study nook, lovely informal living room and light filled dining area which all opens out to a private north-west entertaining terrace and garden with stunning city views. Plus three oversized bedrooms all with ensuites, the master suite which offers a superb walk in robe, lounge area opening out to an expansive front terrace perfect for coffee and breakfast in the morning.
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 9,339 properties. Over the last 5 years, Houses in Toorak have seen a 12.72% increase in median value, while Units have seen a 8.18% increase. As at 31 December 2025:
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