18-20 Stonnington Place
Toorak, VIC 3142

This exceptional property offers a unique opportunity to build your dream home, two houses, or new apartments on a superb corner site. The site boasts a broad frontage of 42 meters to Cross Street and 22 meters to Stonnington Place, encompassing a total land area of 952 square meters.

Currently, the property is configured as seven separate titles comprising six two-bedroom apartments and one one-bedroom apartment. This setup provides flexibility for investors or developers looking to capitalize on the existing structures or redevelop the site.

Located in a tranquil and highly sought-after position, the property enjoys easy access to the vibrant shopping and dining precincts along Glenferrie and Malvern Roads. Residents will appreciate the proximity to parklands and excellent public transport options, enhancing the lifestyle appeal of this address.

The generous land size and corner location present significant potential for redevelopment or expansion, subject to council approval. Whether you are considering constructing a single luxury residence, multiple townhouses, or a boutique apartment complex, this site offers a rare canvas in one of Toorak's premier locations.

With 13 bedrooms, 7 bathrooms, and 7 parking spaces currently available across the apartments, the property is well-suited for a variety of uses. The existing apartments provide immediate income potential or can be retained while planning future development.

Investors and developers will find this offering compelling due to its size, location, and flexibility. The broad street frontages enhance street presence and access, while the quiet neighborhood ensures a peaceful living environment.

Overall, this property represents a significant opportunity to secure a substantial landholding in Toorak with multiple development options. Its proximity to key amenities, transport, and lifestyle attractions makes it an outstanding prospect for discerning buyers.