Grand Village Victorian With Dual-Income Potential

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17 Ballarat Street, Yarraville VIC 3013

$1,800,000

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$1.8M - $1.9M High Confidence Calculated based on strong search observations.

House 4 Beds 1 Bath

Listed: 1st Aug 2026

Updated: 17 hours ago

Overview

This heritage-listed boom-style Victorian property, located in the vibrant heart of Yarraville Village, offers a rare architectural legacy combined with exceptional commercial opportunity. Its unique dual-frontage configuration and Commercial 1 zoning allow for versatile usage, accommodating business ventures alongside comfortable residential living.

Currently, the ground floor houses a thriving culinary business, leased for a steady income, while the rear and upper levels contain a residence with four bedrooms, a well-appointed bathroom, a spacious living area, and a timber-top kitchen. Character-rich features such as soaring ceilings adorned with decorative roses, elaborate fireplaces, and Baltic pine floors create a distinctive atmosphere blending historic charm with modern comforts like heating and cooling.

The property’s zoning broadens the possibilities, making it suitable for dual-income investment, multi-generational living, or an ambitious transformation into a luxurious home or commercial space tailored to an individual’s architectural vision. This flexibility ensures the building’s longstanding historical essence is preserved while offering scope for contemporary adaptation.

Located amid Yarraville’s lively restaurant, café, and bar scenes, and flanked by notable heritage landmarks, the property benefits from significant daily pedestrian traffic, enhancing its commercial potential. Convenient transport options and proximity to the Melbourne CBD further add to the appeal, ensuring accessible and stress-free commuting.

Heritage boom-style Victorian gem with rich period features
Mixed-use potential supported by Commercial 1 zoning
Established culinary business lease providing steady income
Spacious residential quarters with four bedrooms upstairs
Prime location amidst dynamic village centre attractions

This proposition is ideal for investors seeking dual income streams or homeowners aspiring to blend lifestyle with enterprise. Its unique composition, character, and position combine to create a compelling opportunity at the core of Yarraville’s renowned village precinct.

Local Market Insights

In Yarraville, Quiet Listings observed 18 new houses entering the market over the last 30 days, down from 22 during the previous 30-day period, with an average advertised asking price of $1,238,333. The property type mix of listed properties is predominantly Houses at 55%, followed by apartments (18%), and townhouses (15%). The most active agency for houses in the Yarraville area is currently Jas Stephens Real Estate, representing 44% of new listings, followed by Buxton Real Estate Group with 11%. 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.