OFF MARKET

1 Bennett Street
Canadian VIC 3350

Bedrooms: 6
Bathrooms: 2
Car spaces: -
Floor area: 217m2
Land area: 1515m2
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Last updated 11 Nov 2024
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Property Details for 1 Bennett St, Canadian

1 Bennett St, Canadian is a 6 bedroom, 2 bathroom House and was built in 1973. The property has a land size of 1515m2 and floor size of 217m2.

Building Type
House
Year Built
1973
Floor Size
217m2
Land Size
1515m2
Local Government
Ballarat
Lot/Plan
1/PS315978

Last Listing description (May 2024)

Private Appointments Available... To book your 1 on 1 inspection, please call today!

Situated on a substantial corner allotment of 1515sqm (approximately), this generous property is comprised of three dwellings, including a five bedroom home, freestanding office/shopfront and two large sheds. With the option to reside on site and lease the other two dwellings or rent all three and achieve a fantastic rental return. This is a rare investment opportunity not to be missed.

• Rental appraisal of at least $1000 per week: $450-$470pw for 5-bedroom home, $350-$370pw for office space and $200-$220pw for both sheds
• The shedding to the rear features 3-phase power, solar panels and access from Kline Street
• Separate shopfront on the corner could be utilised as an office, salon, showroom or even extended to allow for another house (STCA)

We’re optimising our business model at Biggin & Scott Ballarat to ensure healthy buyers, sellers, landlords, tenants and results.

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Property History for 1 Bennett St, Canadian, VIC 3350

A timeline of how this property has performed in the market
  • 14 Aug 2019
    Listed for Sale Not Disclosed

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About Canadian 3350

The size of Canadian is approximately 7.8 square kilometres. It has 13 parks covering nearly 7.8% of total area. The population of Canadian in 2011 was 3,202 people. By 2016 the population was 3,593 showing a population growth of 12.2% in the area during that time. The predominant age group in Canadian is 20-29 years. Households in Canadian are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Canadian work in a professional occupation. In 2011, 66.4% of the homes in Canadian were owner-occupied compared with 65.4% in 2016.

Canadian has 2,350 properties. Over the last 5 years, Houses in Canadian have seen a 28.15% increase in median value, while Units have seen a 22.66% increase. As at 31 October 2024:

  • The median value for Houses in Canadian is $532,553 while the median value for Units is $366,501.
  • Houses have a median rent of $418 while Units have a median rent of $380.
There are currently 26 properties listed for sale, and 8 properties listed for rent in Canadian on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Canadian.

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