44 Forster Street, Ivanhoe VIC 3079

44 Forster Street Ivanhoe | dual-configuration on deep block | 7-bedroom potential | Banyule tree-lined premium pocket | buyer opportunity in zoning ambiguity The property at 44-46 Forster Street presents an unusual buying proposition: a 2299m² lot in a tightly held Ivanhoe street, with existing building rights that could support either a substantial family home or a development play. The larger 7-bedroom configuration, with only 9% site coverage, offers rare headroom for extension or subdivision in a suburb where large blocks are increasingly scarce. The tree-lined street, owner-occupied character, and proximity to Heidelberg Primary School make this suited to a buyer seeking long-term land banking or a multi-generational home, rather than a quick flip. The primary risk is the unresolved title discrepancy between the 1140m² and 2299m² records, which may delay settlement or require council confirmation and could affect financing. The 2015 purchase date suggests the current owner has held through a market cycle, so price expectations may be firm. For a buyer, the commercial logic is in the land: hold for subdivision potential or develop a dual-occupancy scheme, but only after due diligence on zoning and easements. Use this property as a long-term land position in a low-turnover street.