Sold
107 Toorak Road, Rivervale WA 6103
Sold price: $950,000
Sold: 27 Sep 2023
Sold
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2 Bedrooms
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1 Bathroom
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5 Cars
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Landsize 928m2
House
View
928SQM CORNER TRIPLEX BLOCK - SLASHED 50K TO SELL
(BLUE RIBBON INVESTMENT/DEVELOPMENT)
Excellent opportunity to secure this sought after triplex development site in central Rivervale location with older style character home returning $365pw. Perfectly rectangular in shape the current owner has obtained a formal DA approval for three street frontage blocks lapsing on the 9/8/25. Surrounded by modern developments this outstanding corner block is quickly becoming a rare commodity and will be highly prized in the future by all types of developers.
THE BLOCK:
• Rectangular shaped 928sqm corner R20/30 triplex block.
• DA approval has been obtained for three street front lots.
• Build single or double level homes all with street frontage.
• Retain existing character home and build 1 home for now.
• Sewer & water services all well placed and available to site.
THE HOME:
• Classic 1951 built timber frame two bed character home.
• Separate lounge room with country style kitchen/dining.
• Massive double door lock-up garage/workshop/man cave.
• Fully fenced and secure with side gate to Campbell Street.
• Returning $365per week until 16/8/23 to excellent tenant.
THE LOCATION:
• Central high growth Rivervale location hot for development.
• Boasts a medium price of $628,000 & 7.3% 12mth growth.
• Walk to Kooyong Shops, netball courts & Rivervale primary.
• 5mins to Belmont Forum, town centre & sporting grounds.
• 5-10mins to Burswood, Optus Stadium, Vic Park & Airport.
To secure today contact Belmont's #1 agent DEVON KELLY "Mr Belmont" 0417 936 277 or DANIEL KELLY 0456 180 575
Property features
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Garages
2
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Carports
3
Property snapshot by reiwa.com
This property at 107 Toorak Road, Rivervale is a two bedroom, one bathroom house sold by DEVON KELLY and Daniel Kelly at Laurie Kelly Real Estate on 27 Sep 2023.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Nearby schools
Rivervale overview
Rivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Life in Rivervale
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.
Rivervale quick stats
High end
$910k
Median
$760k
Low end
$658k
14.7 %
Annual growth
$760k
Annual median sales price
$740pw
Annual median rental price
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