206/1 Wallace AvenueToorak VIC 3142
Property Details for 206/1 Wallace Ave, Toorak
206/1 Wallace Ave, Toorak is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Toorak in the last 12 months.
Last Listing description (May 2024)
Located in the highly exclusive and sought-after One Wallace Avenue, this superb elevated two bedroom, two bathroom residence, wrapping around a prized north-west facing corner with surrounding terrace is flooded with light, generously proportioned and offers the ultimate in low maintenance, secure Toorak lifestyle living.
An award winning development by Michael Yates offers a private lifestyle with a community environment, building manager, quality resident amenities including pool, sauna, gym area and Paul Bangay gardens, all within meters to the bustling convenience of Toorak Village's shops and cafes, transport, Como Park and easy access to the freeway.
Greeted by a hallway entrance and solid parquetry floors which flow through to an oversized open plan north-facing living and dining area which includes a fireplace and built-in storage space. Beyond the main living zone is a fully equipped kitchen with Miele appliances, an induction cooktop, oven, ample storage space with study space and an open plan informal sitting and dining area that opens onto north and west facing terraces.
The apartment is further enhanced by a good sized separate laundry, ducted heating, air conditioning, American oak parquetry flooring, double-glazed windows, plantation shutters, two underground parking spaces, and a massive, oversized storage room.
Property History for 206/1 Wallace Ave, Toorak, VIC 3142
- 18 Apr 2024Sold for $2,000,000
- 17 May 2023Listed for Sale $2,950,000
- 23 Sep 2016Sold for $2,440,000
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About 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 2011 was 12,870 people. By 2016 the population was 12,907 showing a population growth of 0.3% 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 2011, 61.7% of the homes in Toorak were owner-occupied compared with 61.7% in 2016.
Toorak has 9,182 properties. Over the last 5 years, Houses in Toorak have seen a 5.51% increase in median value, while Units have seen a -8.02% decrease. As at 31 October 2024:
- The median value for Houses in Toorak is $4,837,331 while the median value for Units is $1,045,580.
- Houses have a median rent of $1,325 while Units have a median rent of $600.
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