OFF MARKET

G05/1 Wallace Avenue
Toorak VIC 3142

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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Last updated 16 Sep 2024
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Property Details for G05/1 Wallace Ave, Toorak

G05/1 Wallace Ave, Toorak is a 2 bedroom, 2 bathroom Unit with 2 parking spaces.

Building Type
Unit
Local Government
Stonnington

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 chef's 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 there's 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 G05/1 Wallace Ave, Toorak, VIC 3142

A timeline of how this property has performed in the market
  • 25 May 2023
    Listed for Sale Contact agent for details

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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 9,189 properties. Over the last 5 years, Houses in Toorak have seen a 23.18% increase in median value, while Units have seen a -9.31% decrease. As at 31 August 2024:

  • The median value for Houses in Toorak is $4,783,984 while the median value for Units is $1,059,622.
  • Houses have a median rent of $1,300 while Units have a median rent of $600.
There are currently 12 properties listed for sale, and 9 properties listed for rent in Toorak on OnTheHouse. According to CoreLogic's data, 421 properties were sold in the past 12 months in Toorak.

Suburb Insights for Toorak 3142

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.