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Back 338 Queens Parade
Off Market

338 Queens Parade

Fitzroy North VIC 3068

2
1
1
210 m²
House
Last sold for $1,500,000
Toni KatsivelasToni Katsivelas, last sold this property on 12 November 2025 after 60 days on market.

Overview

Prime Mixed-Use Freehold in the Heart of North Fitzroy

Perfectly positioned on one of Melbourne's most vibrant lifestyle strips, 338 Queens Parade presents a rare opportunity to secure a versatile freehold asset with outstanding scope for both commercial and residential use. This dual-level property combines prominent ground floor retail with an inviting first-floor residence, making it an attractive proposition for investors, owner-occupiers, or those seeking a live-work arrangement in a high-exposure location. Set on approximately 210sqm of land, the property offers a generous internal footprint of around 192sqm across two levels, with the ground floor retail component of 104sqm (approx.) delivering a wide glass frontage to Queens Parade. The space is character-filled, featuring high ceilings, exposed brickwork, polished concrete flooring and excellent natural light, creating an ideal setting for retail, hospitality, or office use. The layout includes two distinct open retail/showroom areas, a storeroom, and a serviceable kitchen space at the rear. Above, the first-floor residence offers 88sqm (approx.) of charming accommodation, accessible via a private entrance. Featuring period detailing, soaring ceilings, and an elegant hallway with arched entry, the home comprises two bedrooms, a spacious living room, kitchen and bathroom. Well-maintained yet with scope to update and add value, it provides flexibility as either a comfortable residence, additional office space, or rental income stream. Adding further appeal is a substantial rear courtyard with separate pedestrian access from the right-of-way. This secure outdoor area features a freestanding pod, offering additional space suited to office use, storage, or studio purposes. The courtyard also provides excellent potential for alfresco trade if utilised for hospitality, or simply as private outdoor amenity for the residence. The property occupies a prime corner position with outstanding exposure to both vehicular and pedestrian traffic. Surrounded by popular cafés, boutique retailers, services, and community amenities, it benefits from a strong local catchment as well as easy access to Melbourne CBD just 4km away. Public transport is at the doorstep with tram services along Queens Parade, while major arterials are close by for convenient connectivity. Key features include: Versatile freehold with mixed-use potential Ground floor retail: 104sqm (approx.) with excellent street presence First-floor residence: 88sqm (approx.) of character accommodation Landholding of 210sqm (approx.) with wide frontage Substantial rear courtyard with ROW access and freestanding pod Outstanding location within a thriving lifestyle precinct 338 Queens Parade is a unique property offering flexibility, character, and opportunity. Whether you are an investor, business owner, or creative entrepreneur, this tightly-held strip location provides a vibrant setting and a secure future.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
210 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Fitzroy North over the last 12 months, the estimated median property value of 338 Queens Parade is $1.41m.

Median value
$1.41m
Estimated value range
$700k - $2m
Median days on market
24
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Fitzroy North. 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 338 Queens Parade

2025
Sold
$1,500,000
Auction Sale on 12 Nov 2025 by Toni Katsivelas, of Hodges Rye

Happy sellers in Fitzroy North

76%
76% of sellers in Fitzroy North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 10 reviews in Fitzroy North over the last 12 months.

Local market activity for 2 bedroom houses in Fitzroy North

In the last 12 months, 54 two-bedroom houses similar to 338 Queens Parade, have been sold.

This represents a 16% increase in two-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Fitzroy North

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Angus Greene

Angus Greene is an award winning recommended agent for Fitzroy North.  They have 4 local sales and collected 4 local reviews across the last 12 months.

  •   5   (86 reviews)
  •  4 Reviews in Fitzroy North
  •  4 Sales in Fitzroy North
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Lewis Persano

Lewis Persano is a recommended agent for Fitzroy North.  They have 6 local sales and collected 3 local reviews across the last 12 months.

  •   5   (20 reviews)
  •  3 Reviews in Fitzroy North
  •  6 Sales in Fitzroy North
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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

  •   4.9   (237 reviews)
  •  2 Reviews in Fitzroy North
  •  1 Sale in Fitzroy North
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Lisa Roberts

Lisa Roberts is an award winning recommended agent for Fitzroy North.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   4.9   (153 reviews)
  •  1 Review in Fitzroy North
  •  3 Sales in Fitzroy North
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