RateMyAgentGo to search
Back 606 Elgar Rd
Active

606 Elgar Rd

Box Hill North VIC 3129

6
2
4
697 m²
House
Currently for sale - view listing

Overview

A Rare Chance to Secure a Versatile Corner Block in a High-Demand Location

· Land Size: Approximately 697 sqm · Existing Dwelling: 6 rooms, 2.5 bathrooms, 4-car parking · Monthly Income: Based on 6 rooms at typical weekly market rates. · STCA Potential: Prescribed accommodation (previously approved), clinic/consulting suites, homestay, or multi-unit development · Amenities: Bus stops and food outlets (service station) only seconds away; Box Hill Central, Westfield Shopping Centre, and Box Hill Hospitals within a 10-minute drive This corner block offers multiple pathways for growth: ✅ Hotel/Accommodation – Previously approved for a 10-room hotel. While the permit has lapsed, the precedent has been established and renewal is available to a new owner. Contact me for plans and permit. ✅ Knockdown & Rebuild – Reimagine the site with a luxury residence, business-residence, or multi-unit development (STCA). ✅ Homestay Business – Ideally located opposite Koonung Secondary College, where demand for student accommodation is strong, with rates from $430 per student. The property’s prime Elgar Road frontage ensures maximum exposure, visibility, and prominent signage opportunities, making it highly attractive for business, accommodation, or residential use. Opportunities of this calibre in Box Hill North are rare. Whether you’re an investor, developer, Airbnb operator, or entrepreneur, this property provides strong holding income now with significant upside potential for the future. Rental demand will only continue to rise. Contact our office today.

Features

6 bedrooms
2 bathrooms
4 carspaces
4 carport spaces
697 m² lot size
House

Property history for 606 Elgar Rd

2013
Sold
Undisclosed
11 Dec 2013 by Lisa Zhou, of Eastfield Real Estate

Happy sellers in Box Hill North

82%
82% of sellers in Box Hill North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 36 reviews in Box Hill North over the last 12 months.

Local market activity for 6 bedroom houses in Box Hill North

In the last 12 months, 2 six-bedroom houses similar to 606 Elgar Rd, have been sold.

This represents a 34% increase in six-bedroom houses sales when compared to the previous 12 months.

RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap