2/55 Bear Street, Mordialloc VIC 3195

3 bed, 2 bath townhouse with double garage on 241sqm. Ducted heating and cooling, timber flooring, open plan living flowing outdoors. Master with ensuite and walk-in robe, study, powder room. Two bedrooms upstairs. Walking distance to beach, station, shops and schools. This townhouse occupies a rare position in Mordialloc, offering modern multi-level living in a suburb where the housing stock is predominantly older single-family homes. The configuration is efficient and well considered, with the master and study on one level and the additional bedrooms upstairs, which suits couples or small families who want separation without sacrificing convenience. The light filled open plan living and direct connection to the outdoors are genuinely strong features, as is the secure double garage something many newer townhouses in this price range compromise on. The location is the other standout: beach, train station, and Main Street are all within walking distance, which gives this property a lifestyle advantage that appeals to downsizers, professionals, and families who prioritise walkability over space. The estimated value range sits notably below the current listing range, which may indicate the market has not yet fully absorbed the premium commanded by this location and configuration. A buyer should weigh whether the proximity to beach and station justifies the gap, or whether the property is priced ahead of where recent comparable sales have settled. The lot size is modest and the townhouse is part of a multi unit development, so land value appreciation will be more constrained than for a standalone house. The building age is not confirmed, which matters for depreciation and maintenance expectations. These factors do not diminish the property’s appeal, but they may influence how a buyer negotiates and what they consider a fair entry point.