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61 Ontario Avenue, Corio VIC 3214

$490,000 - $520,000 (x5 Dwellings Approved)

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$490k - $515k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 697 m²

Listed: 14th Aug 2026

Updated: 31 days ago

Overview

Set in the established residential area of Corio, this property on 61 Ontario Avenue offers a substantial 697 square metre allotment that captures ample potential for development or renovation. Currently featuring a solid three-bedroom, single-bathroom home with a single garage, this parcel of land provides a solid base for homeowners, investors, or developers to unlock added value.

The property's large backyard offers flexibility for outdoor living, extensions, or further subdividing. This is complemented by the valuable advantage of existing approved plans and permits for five dwellings, reducing the length and complexity of the development process and presenting a rare opportunity for developers.

Located close to Corio Village Shopping Centre, schools, public transport options, and major transport corridors including the Princes Highway and Geelong Ring Road, the property offers excellent connectivity for daily commuting needs to Geelong and Melbourne. This multi-faceted opportunity appeals particularly to buyers interested in property development, renovation projects or long-term investment in a convenient neighbourhood.

3 bedrooms, 1 bathroom, and single garage provide a functional home or foundation for redevelopment
Large 697 sqm allotment offers development potential alongside the approved plans for five units
Established residential setting with generous outdoor space suitable for various uses
Close proximity to shopping precinct, schools, and reliable public transport
Easy access to major road networks enhancing regional connectivity

Local Market Insights

In Corio, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $569,543. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and commercial properties (4%). The most active agency for houses in the Corio area is currently Area Specialist, representing 30% of new listings, followed by Harcourts with 18%. 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.