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Investment Highlights

  • Dual street frontage with access from Stawell Street and Munster Terrace.
  • Self-contained studio for additional income or creative use.
  • Proximity to Arden Station, Metro Tunnel, and Melbourne CBD.
  • Flexible live/work configuration with commercial and residential zones.
  • Rooftop deck with city skyline views for entertaining or client events.
  • Walking distance to Errol Street retail, Queen Victoria Market, and green spaces.

Executive Summary

This architecturally striking warehouse conversion offers a rare dual-frontage opportunity in one of Melbourne’s most dynamic city-fringe precincts. Spanning approximately 464 m², the property combines commercial functionality with residential sophistication, making it an exceptional acquisition for investors, owner-occupiers, and creative enterprises.
The ground floor features a versatile commercial domain with four private offices, an expansive open-plan workspace, a kitchenette, and two modern bathrooms. Dual access via Stawell Street and Munster Terrace enhances operational efficiency and visibility.
The first floor transitions into a refined residential environment, boasting a spacious open-plan living and dining area anchored by a stainless-steel kitchen, three bedrooms including a large master, a study, and elegantly appointed bathrooms. A self-contained studio adds flexibility for guest accommodation, rental income, or additional workspace.
A private rooftop deck crowns the property, offering panoramic city views and an ideal setting for entertaining or client hosting. With ducted heating and cooling throughout, the property ensures year-round comfort.
Located steps from Arden Station and the Metro Tunnel, and within walking distance to Errol Street cafés, Queen Victoria Market, and Flagstaff Gardens, this property delivers unmatched connectivity and lifestyle appeal.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,994 SF
Building Class
C
Price
$3,891,918 CAD
Price Per SF
$779.25 CAD
Percent Leased
Vacant
Building Height
3 Stories
Typical Floor Size
2,497 SF
Building FAR
1.81
Lot Size
0.06 AC
Parking
1 Spaces (0.2 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Kitchen
  • Roof Terrace
  • Natural Light
  • Listing ID: 40126873

  • Date on Market: 2026-04-12

  • Last Updated:

  • Address: 21-23 Stawell St, North Melbourne, VIC 3051

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