88 Canterbury Road
Canterbury, VIC 3126

This unique freehold property offers a rare opportunity to combine residential living with a secure commercial income stream, providing lifestyle flexibility and long-term value on approximately 205 square meters of land. The property benefits from rear laneway access and parking for two vehicles, enhancing convenience and accessibility.

Privately positioned at the rear, the self-contained studio residence enjoys a sunny western aspect, ensuring ample natural light throughout the day. The residence is designed for immediate comfort, featuring a newly appointed full kitchen equipped with gas cooking facilities. The spacious lounge area provides a comfortable living space, complemented by a robed bedroom and a bathroom that includes a bath. Integrated laundry facilities add to the functionality of the residence, making it ideal for owner-occupiers, downsizers, adult children, or those seeking a work-from-home lifestyle with additional financial benefits.

At the front of the property, the charming period commercial premises is currently leased under a secure three-year tenancy, delivering reliable income from day one. The commercial space is beautifully presented and comprises two main rooms, a storeroom, and a separate powder room, offering versatile usage options for retail or office applications.

Located in a highly convenient area, the property is situated alongside thriving local businesses, including the popular Tonto café. It is within walking distance to Camberwell East Station, Boroondara Park, and various walking trails, providing excellent connectivity and recreational opportunities.

• Commercial 1 zoning
• Approximately 205 square meters of land with Reeve Lane right of way, allowing easy parking for two cars
• Period main building with modern amenities suitable for commercial retail applications (current lease in place)
• Self-contained apartment perfect for residential or Airbnb leasing (vacant and ready)
• Close proximity to train stations, parks, trails, and popular cafés

This property represents a distinctive blend of residential comfort and commercial potential, making it a valuable investment in a sought-after location.