161 First Avenue
Five Dock, NSW 2046

Overview

161 First Avenue, Five Dock NSW

Positioned in one of the Inner West's most tightly held and rapidly evolving pockets, this enticing new listing presents an exceptional opportunity to secure a versatile asset with immediate income potential and exciting scope to enhance or redevelop (subject to council approval).

Set on a generous 411 square meter parcel, the property is currently configured and operating as a medical centre, offering flexibility for continued commercial use, professional offices, or a conversion back to a residential dwelling. With multiple rooms already in place and the ability to extend, it provides a solid foundation for value-add buyers, investors, or owner-occupiers alike.

Perfectly located just moments from local parklands and waterfront reserves, and within walking distance to the vibrant Five Dock shopping village, cafés, and restaurants, this address combines lifestyle appeal with strong long-term growth prospects. The upcoming Five Dock Metro Station, only 400 meters away, further enhances connectivity and future value.

Key features include:

• Solid building on approximately 411 square meters of land
• Flexible layout with multiple rooms and existing fit-out
• Currently operating as a medical centre with scope for conversion (subject to council approval)
• Potential to extend or further enhance the property
• Ideal for investors, land bankers, owner-occupiers, or developers
• Short to medium term income potential
• Approximately 400 meters to future Five Dock Metro Station
• Close to parks, waterfront, and lifestyle amenities
• Walking distance to shops, cafés, and popular dining precinct
• One-minute walk to CBD and Western Sydney bus services

This is a rare opportunity to secure a highly adaptable property in a premium growth location, offering both immediate usability and long-term upside.

Location