Back 113 Commercial Rd
Off Market

113 Commercial Rd

Koroit VIC 3282

4
1
2
158 m²
1197 m²
House
Jeremy GleesonJeremy Gleeson, last sold this property on 02 November 2025 after 655 days on market.

Overview

Rare Development Location

Gleeson Real Estate are pleased to offer 113 Commercial Road, Koroit for Sale by Expression of interest. Koroit has always been on the map, but as the popularity of the town is building and the demand for property increasing, the purchase of this property will be a wise investment. On offer is a 1965-built 4-bedroom, 1-bathroom house on a huge 1197m2 lot. Zoned Commercial 1, the purpose of this zone is to create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses; and/or to provide for residential uses at densities complementary to the role and scale of the commercial centre. The flexibility of this zoning allows you to keep as a rental property and maintain as an investment, or when the times right, develop it into a commercial premises. With a growing community and Koroit's demand for retail, office space & high density residential or short-term accommodation this property is ready for you. Koroit has it all! Primary schools, pharmacy, supermarket, pubs, sporting reserve, playgrounds, community! Be part of the growing rejuvenation of Koroit, close to Koroits popular pubs, brewery or restaurants. Furthermore; with only 10 minutes from the beautiful Killarney beach, Warrnambool & Port Fairy townships and Tower Hill reserve, there is only room for this town to prosper. Please note: This property is currently leased at $500 p/w. Call Jeremy to book an inspection.

Features

4 bedrooms
1 bathroom
2 carspaces
1 carport space
1 garage space
158 m² floor area
1197 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Koroit over the last 12 months, the estimated median property value of 113 Commercial Rd is $700k.

Median value
$700k
Estimated value range
$528k - $1.2m
Median days on market
41
Estimated value trend
-13%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Koroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 113 Commercial Rd

2025
Sold
Undisclosed
02 Nov 2025 by Jeremy Gleeson, of Gleeson Real Estate
2022
Rented
Undisclosed
Leased on 15 Dec 2022 by Ray White Warrnambool
2019
Sold
$360,000
Private Sale/Treaty on 03 Dec 2019 by Mark Dwyer, of Ludeman Real Estate

Happy sellers in Koroit

89%
89% of sellers in Koroit reported that their sale price either exceeded or met their price expectations.

Koroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Koroit over the last 12 months.

Local market activity for 4 bedroom houses in Koroit

In the last 12 months, 14 four-bedroom houses similar to 113 Commercial Rd, have been sold.

This represents a 55% decrease in four-bedroom houses sales when compared to the previous 12 months.

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