111 Ontario Avenue, Mildura VIC 3500

Quiet 4-unit complex | Walk to Mildura CBD | Modern low-maintenance living | Recent comparable sale. This property presents a competitively priced, low-maintenance entry into a central Mildura location. Its strength lies in the combination of walkability to the CBD and a fully renovated, modern specification within a quiet, small complex, which appeals directly to both owner-occupiers seeking convenience and investors targeting tenants who value ease of living. The configuration serves buyers seeking a straightforward residential holding without land maintenance obligations. The primary risk is market depth, with limited recent sales data constraining precise valuation confidence. The commercial logic is acquiring a functional unit in a proven location where the recent sale establishes a firm price point. This property is best held as a long-term rental, leveraging its durable features for consistent yield, or as a low-cost foothold for an owner-occupier transitioning into the area. Recent comparable sale: Unit 2/111 Ontario Avenue sold for $130,000 in May 2025. This transaction provides a concrete, recent benchmark, suggesting the market for well-presented units in this complex is active and that pricing is anchored at this level. For a prospective buyer, this sale substantiates the price expectations for a similar unit in the same block.