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Back 516 Rae St
Off Market

516 Rae St

Fitzroy North VIC 3068

3
2
1
Townhouse
Last sold for $1,456,000
Isabelle McEwan-MarionIsabelle McEwan-Marion, last sold this property on 28 February 2026 after 24 days on market.

Overview

A contemporary conversion of oversized proportions

Making the most of its substantial size, this former warehouse turned modern conversion enjoys high ceilings, excellent natural light, and the ultimate luxury of space. Featuring sizeable accommodation and a sprawling, open-plan living space, appreciate this property's turn-key convenience from the moment you move in, from its flexible floorplan to its brilliant location, walking distance from swift transport links, peaceful parklands, and the vibrant Fitzroy North Village. - A vast open-plan living and dining space occupies the entire first floor, with east-to-west glazing serving to flood the interior with a wealth of natural light. - A quaint, west-facing balcony anchored by terrazzo tiling extends the living space outdoors, providing space for rest and relaxation. - The streamlined kitchen centres around a grand island bench with breakfast bar, and boasts stainless-steel appliances including dishwasher, tiled splashback, and ample cabinetry. - Three over-sized bedrooms each benefit from built-in robes, with the ground floor bedroom offering versatility as a dedicated and private home office with separate external access. - Two sleek bathrooms are split between the ground and top floors, one concealing the convenient Euro laundry, the other fully equipped with walk-in shower, separate soaking tub, and floating timber vanity. - Highlight features include secure garage parking with internal entry, reverse-cycle air-conditioner in the kitchen and both top floor bedrooms, and a communal landscaped garden for residents' enjoyment. - Superbly located for convenience, enjoy the outstanding dining and shopping of nearby North Fitzroy Village, the tranquil Merri Creek Trail and idyllic Edinburgh Gardens, or the city-bound Nicholson Street tram, all within walking distance.

Features

3 bedrooms
2 bathrooms
1 carspace
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Fitzroy North over the last 12 months, the estimated median property value of 516 Rae St is $1.31m.

Median value
$1.31m
Estimated value range
$1.2m - $1.46m
Median days on market
23
Estimated value trend
21%
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 516 Rae St

2026
Sold
$1,456,000
Auction Sale on 28 Feb 2026 by Isabelle McEwan-Marion, of Nelson Alexander Fitzroy
2022
Sold
$1,350,000
Auction Sale on 01 Apr 2022 by Johanna Doherty, of Jellis Craig Fitzroy
2021
Rented
Undisclosed
Leased on 01 Feb 2021 by Jellis Craig Inner North Property Management

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 3 bedroom townhouses in Fitzroy North

In the last 12 months, 9 three-bedroom townhouses similar to 516 Rae St, have been sold.

This represents a 36% increase in three-bedroom townhouses 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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