50 Bruce Street, Toorak VIC 3142

Corner block | approved plans for three north-facing apartments | lane access | Toorak prestige address This property presents a rare buying proposition in Toorak: a corner site with lane access and pre-approved permits for three full-floor apartments. For a buyer, that means immediate optionality — occupy the existing house, or execute a luxury development without the usual planning risk. The north-facing apartment design and generous frontage give it a competitive edge over comparable sites. It suits a high-net-worth owner-occupier seeking future subdivision potential, or a developer looking for a streamlined path to market. The conflicting land size figures and detected flood overlay are the main risks, requiring due diligence on drainage, basement feasibility, and insurance costs. The unclear market status suggests either a withdrawn listing or a private sale — worth confirming before proceeding. The approved permits reduce timeline uncertainty, but the buyer should verify permit expiry and any conditions tied to the flood overlay. Hold the property as a prestige residence with a development pipeline, or execute the apartments for a targeted exit into Toorak’s luxury strata market.