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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

5210/500 Elizabeth Street
Melbourne, VIC 3000

$525,000 - $550,000

Apartment 2 beds 2 baths 66 m²
Listed Date: 25th May 2026
Overview

Above the Clouds: Level 52 Living with Breathtaking CBD Views

Positioned high on Level 52 of the iconic Vision Apartments, built circa 2016, this modern two-bedroom, two-bathroom apartment offers an exceptional combination of lifestyle, location, and investment appeal in the heart of Melbourne's Central Business District.

Upon entering, you are welcomed into a bright open-plan living and dining area, enhanced by floor-to-ceiling windows that provide sweeping panoramic views of the city skyline. The private balcony extends the living space outdoors, offering stunning vistas of Melbourne's city centre and the historic State Library of Victoria, ideal for enjoying morning coffee or relaxing in the evening.

The kitchen is sleek and contemporary, featuring high-quality Miele appliances and ample storage space, designed to meet the needs of modern living. Both bedrooms are generously proportioned and include built-in robes. The master bedroom benefits from a stylish ensuite bathroom, while the second bathroom is fully tiled and includes luxurious features such as a Corian stone basin, mirrored vanity, and a concealed cistern, combining functionality with elegance.

Residents will appreciate the unbeatable convenience of having the renowned Queen Victoria Market at their doorstep, as well as immediate access to Melbourne's leading educational institutions, including RMIT University and the University of Melbourne. The central location places you within easy walking distance of the CBD's shopping, dining, transport, and cultural attractions, making this apartment an excellent choice for both owner-occupiers and tenants.

This property is ready for owner-occupiers to move in and enjoy the vibrant lifestyle on offer or for investors to capitalize on the high rental demand and attractive returns.

Investment Highlights:

  • Rental potential of $800 to $850 per week unfurnished, or $900 per week furnished.
  • Approximate gross rental yield of 8.03% at $850 per week unfurnished, or 8.50% at $900 per week furnished.

This premium inner-city residence combines unbeatable views and a prime location, representing the finest in Melbourne living.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
5210/500 Elizabeth Street
Melbourne VIC 3000
Market Insights for Melbourne VIC 3000
New Listings (last 30 days)
7
Average price
$549,143
Lowest price
$485,000
Highest price
$640,000
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