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64-66 Alexander Avenue, Dandenong VIC 3175

$2,500,000 - $2,750,000

Search Band Search Visibility Band

$2.5M - $2.75M High Confidence Calculated based on strong search observations.

House 8 Beds 4 Baths 6 Cars 4628 m²

Listed: 2nd Jun 2026

Updated: 30th Jul 2026

Overview

This exceptional property at 64–66 Alexander Avenue, Dandenong, represents a rare and substantial infill landholding situated in the heart of one of Melbourne's fastest-growing growth corridors. The site currently comprises two existing homes on a single title, offering a unique opportunity for developers, operators, or investors with vision to capitalize on its scale, flexibility, and prime location.

Positioned to overlook serene parklands and located just moments from key amenities such as Dandenong Hospital, the central business district, and major transport arterials including Princes Highway, Monash Freeway, and EastLink, this property is difficult to replicate in today's market.

The Site

Land area: 4,624 square meters
Zoning: General Residential Zone 1 (GRZ1)
Level site with minimal demolition required
Parkland outlook enhancing amenity value across all development types
Walking distance to Dandenong Hospital, train station, and major highways

Development Pathways

The site supports three distinct development outcomes, each offering significant potential subject to council approval:

Townhouse Development

Estimated yield of 18 to 26 townhouses comfortably, with potential for up to 30
Dandenong's townhouse market remains strong, attracting both investors and owner-occupiers

Childcare Centre

GRZ1 zoning permits community and childcare uses (subject to council approval)
Site supports a 90 to 120 place childcare centre
Large frontage enhances visibility, a key factor for childcare operators
Potential to subdivide and retain balance land

Aged Care / Retirement Living

Capacity for 80 to 120 beds, subject to design and council approval
Proximity to Dandenong Hospital and services is a primary locational advantage
Dandenong's ageing and culturally diverse population drives sustained demand for care-focused housing
Best suited to an operator or institutional investor

Why Dandenong?

Dandenong is recognized as one of Melbourne's fastest-growing and most undersupplied corridors. There is strong and consistent demand for townhouses from both investors and owner-occupiers, alongside an acute shortage of quality aged care and childcare facilities in the southeast region. Infill sites of this scale and condition are increasingly rare, presenting a genuine blank canvas for the right developer or operator to create a landmark project.

Prospective purchasers are encouraged to conduct their own enquiries and verify all information independently. The property is offered with a comprehensive Information Memorandum available upon request.

Local Market Insights

In Dandenong, Quiet Listings observed 23 new houses entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $898,174. The property type mix of listed properties is predominantly Houses at 38%, followed by units (26%), and apartments (13%). The most active agency for houses in the Dandenong area is currently Ray White, representing 30% of new listings, followed by Family Realtors (Real Estate Agents) with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.