3 Power Avenue, Toorak VIC 3142

Large 911sqm Toorak landholding | Quiet prestige street | Dual-level flexibility | Strong rebuild or renovation scope This property presents a rare opportunity to secure a substantial 911sqm site in a tightly held Toorak street with 90% owner-occupier character. The existing 1940s brick residence offers immediate functional use across two self-contained levels, making it suitable for multi-generational households or as a holding investment while planning a future rebuild. The primary buying case rests on the land value and location, with proximity to Kooyong Village, elite schools, and parkland reinforcing long-term capital resilience. It best serves buyers seeking a premium landholding with renovation upside or a complete architectural redevelopment in a blue-chip suburb. The key risk is that the current dwelling requires significant updating, meaning the purchase price reflects land value rather than move-in-ready condition. Buyers should budget for either substantial renovation costs or a full rebuild, and verify council approvals for any redevelopment plans. The dual-level configuration offers immediate rental income potential from a lower-level tenancy, partially offsetting holding costs during planning phases. The quiet street and strong owner-occupier profile support price stability, but the property’s ultimate value will be realised through capital improvements rather than existing finishes.