4/36 Livingstone Street, Ivanhoe VIC 3079

Modern townhouse | Ivanhoe pocket | 3-bedroom with ensuite | Miele kitchen | No overlays This property competes on configuration and location, offering a rare three-bedroom, two-bathroom townhouse with a master ensuite in a sought-after Ivanhoe pocket. The open-plan living flows to a private balcony, and the separate accommodation wing provides genuine zoning for families or professionals. Built only a few years ago, it avoids the maintenance burden of older stock, while its position within walking distance to Upper Ivanhoe village, Ivanhoe Primary, and transport gives it strong appeal for owner-occupiers and investors alike. The double tandem garage with storage and remote access adds practical value on a compact 79m² lot, and the absence of bushfire, flood, or heritage overlays reduces holding risk. The primary risk is the small land size, which limits future subdivision potential and may deter buyers seeking a yard. The 55% rental profile in the seven-unit development could affect owner-occupier demand and long-term capital growth relative to detached houses. However, the property’s modern finish, Miele kitchen, and reverse-cycle split systems across all bedrooms support strong rental yield at the midpoint of $840 per week, offering a solid entry into a premium suburb. Hold this townhouse as a low-maintenance residence or rental, and benefit from Ivanhoe’s established amenity without exposure to overlay-related costs.