224 View Street, Bendigo VIC 3550

Heritage hotel conversion | Four-level glass lift | 7-car basement | Commercial ground floor potential The property offers a rare configuration in Bendigo’s prestige market: a heritage shell from the 1872 Parkview Hotel, rebuilt across four levels with a glass lift, in-ground pool, and a full-floor main bedroom suite. The 7-car basement and ground-floor commercial tenancy potential create a dual-use advantage that most high-end houses lack. This property suits a buyer seeking a landmark residence with income flexibility , either as a private home with separate commercial revenue or as a combined live-work holding. The main risk is the disconnect between the current listing guide and the automated valuation estimates, which sit around $1.1–$1.5 million. This gap suggests the market has not yet priced in the renovation’s full cost or the commercial component’s value. A buyer should verify rental demand for the ground-floor space and confirm heritage overlay constraints before committing. The property’s strongest use is as a long-term hold with partial commercial offset, reducing net holding cost while the Bendigo market matures.