1/21 Albany Road, Toorak VIC 3142

3 bedrooms, 4 cars, 260sqm single-level | Corner position, northern light, fully renovated | Tightly held Toorak pocket, house-like scale | Private appointments only, very low turnover stock This property sits in a rare category for Toorak—a single-level apartment offering house-scale living without the land burden. The 260sqm internal area, three full bathrooms, and four car spaces are not typical for the suburb’s apartment stock, which gives a buyer unusual flexibility. The corner position and northern light are structural advantages that can’t be replicated, and the comprehensive renovation removes the need for immediate capital outlay. This unit suits buyers who want privacy and utility in a tightly held pocket where resupply is minimal. The 2022 sale date suggests the vendor has held through a softer market, which may create a more negotiable position than a fresh purchaser. The main risk is price anchoring—the wide gap between data estimates signals that comparable sales are thin, making valuation uncertain. A buyer should commission an independent appraisal before negotiating. The four car spaces are a genuine differentiator but also imply higher body corporate fees, which must be verified. There is no land component, so long-term capital growth will track the apartment market rather than the house market. The opportunity is in the configuration: this property can function as a lock-and-leave primary residence or a high-end rental with strong tenant appeal. Hold it as a lifestyle asset in a premium address, not as a land-banking play.