62/145 Canterbury Road, Toorak VIC 3142

Studio in converted boutique hotel | Prestigious Toorak Village pocket | Secure building with gym & sauna | Moments to trams & village shops This unit presents a rare, lower-entry point into Toorak’s tightly held prestige market, defined by its unique hotel conversion offering amenities atypical for a studio. The combination of secure building features, hydronic heating, and magnificent views serves a buyer seeking a minimalist, lock-up-and-leave city base or investment, capitalising on strong rental demand in an elite location. Its commercial zoning adds flexible use potential not found in standard residential stock. Primary risk involves the property’s age and conversion nature, potentially incurring special levies for capital works, while its smaller size contrasts with the suburb’s typical luxury stock, which may moderate capital growth relative to larger homes. The opportunity lies in securing a high-amenity lifestyle asset in a premier pocket, with a clear commercial logic for holding as a high-yield rental or personal pied-à-terre. Acquire for its positional strength and income utility, not for proportional expansion. A nearby comparable sale of a 1-bedroom unit in December 2024 achieved $340,000. This recent benchmark suggests the current asking range is positioned competitively, indicating a market recognition of value for well-located studios in this specific area.