Please Call Jane Li 0499 233 233 for Private Inspection
A unique opportunity for investors, developers, and owner-occupiers to secure a rare freestanding renovated Victorian terrace on a 226m² MU1 Mixed Use zoned site in one of Waterloo's most desirable pockets.
Perfectly positioned within a high-growth area undergoing major transformation, this property offers an undercapitalised landholding with potential to extend or redevelop (STCA) in line with surrounding developments. The MU1 zoning supports increased building heights and a broad range of residential and commercial uses, providing significant long-term value and flexibility.
Currently configured as two self-contained three-bedroom residences, each with its own private entrance, the property delivers strong dual rental income or the flexibility for owner-occupiers to live in one and lease the other.
Key Highlights
Rare freestanding multi-dwelling site with exceptional development potential (STCA)
MU1 Mixed Use zoning allowing residential, commercial, or mixed-use outcomes
Land size: 226m² (approx.)
Two self-contained three-bedroom residences with separate entrances
Expansive rooftop terrace offering additional outdoor living space
Strong current rental income: approx. $170,000 per annum
Low outgoings: approx. $4,257 per annum (council and water rates)
Ideal for investors seeking solid returns with future uplift potential
Flexible for owner-occupiers wanting income from dual living
Short stroll to the new Waterloo Metro Station and minutes to Sydney CBD, shops, and cafes
This property combines strong immediate income, development upside, and owner-occupier versatility - a rare opportunity in one of Sydney's fastest-evolving mixed-use precincts.
Please call Jane Li 0499 233 233 for private inspection.
