260 Albert Street
East Melbourne, VIC 3002

The Terrace is a rare and meticulously restored Victorian residence developed by Pask, offering approximately 320 square meters of luxurious internal living space. This exceptional home provides the flexibility to function as a standalone residence or, alternatively, to be part of the owners corporation with access to shared resident amenities. There is also exciting potential for a lift to be installed servicing all levels, with plans available upon request, making this property an outstanding opportunity for downsizers, professionals, or long-term owner-occupiers seeking a timeless heritage residence with the ability to future-proof their home for years to come.

Carefully restored and returned to its original grandeur, the residence features a beautifully reinstated façade adorned with intricate iron lacework, a grand bay window, and a tessellated verandah. The home is elevated above a formal landscaped garden that enhances its striking heritage presence. Inside, the home has been thoughtfully reimagined by a renowned designer, where soaring ceilings, ornate detailing, and grand proportions are paired with a refined contemporary palette. A marble fireplace, limed timber floors, and a sculptural staircase blend effortlessly with the home’s Victorian character, creating sophisticated yet timeless living spaces.

At the heart of the home, the vibrant green kitchen is both bold and elegant, featuring marble surfaces, brass accents, and premium European appliances. Steel-framed doors connect seamlessly to a courtyard with a built-in BBQ, which is light-filled, private, and perfectly suited to both everyday living and refined entertaining. Upstairs, three serene bedrooms and a dedicated study combine restored heritage beauty with a calming neutral palette. The magnificent main suite enjoys beautiful views across Fitzroy Gardens and features a marble fireplace together with a luxurious ensuite appointed with a freestanding bath. Few luxuries compare to soaking in the bath while enjoying uninterrupted views across one of Melbourne's most iconic and beautiful gardens.

On the lower level, an intimate cellar with a wine fridge and ice-making machine provides a moody retreat inspired by classic speakeasies. This space is ideal for wine appreciation, film nights, or relaxed evening gatherings with friends.

Positioned within one of Melbourne’s most tightly held and prestigious precincts, the home enjoys immediate proximity to Fitzroy and Treasury Gardens, the Melbourne Cricket Ground (MCG), and the Central Business District’s world-class dining, shopping, and cultural attractions. Excellent transport connections are also just moments away, enhancing the convenience and lifestyle appeal of this remarkable property.