84 Ivanhoe Parade, Ivanhoe VIC 3079

3 beds, 2 baths, 627sqm near village | northside bedrooms, rear lane access | 80% owner-occupied street, long term | huge garden, scope to extend or rebuild The property’s primary competitive strength is its 627sqm block on a stable, owner-occupied street within walking distance of Ivanhoe village, train, and schools. The double-fronted facade, polished floors, and hydronic heating provide immediate livable character, but the real buying case lies in the rear garden with lane access and the vast roof space,rare features that allow a buyer to move in, then extend or rebuild without relocating. This configuration serves families seeking a long-term home with separation of living zones and a secure yard, while also suiting a developer or investor who values the land content over the existing dwelling. The main risk is that the house, while functional, is not a premium finish; the kitchen and bathrooms are dated and will require updating to compete with renovated comparables like 83 Ivanhoe Parade. This cost must be factored into the offer price, as the $1.75M–$1.85M guide already sits near the lower end of the off-market estimate. The opportunity is that the block’s depth and lane access support a significant rear extension or a full rebuild (STCA), meaning the buyer is paying primarily for land in a tightly held suburb with 22.5% five-year growth. Hold this property as a family home with a medium-term renovation plan, or buy for the land bank and develop within three to five years.