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11 Mackay Street, Wangaratta VIC 3677

$699,000

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$699k - $734k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 3 Baths 3 Cars 1149 m²

Listed: 22nd Aug 2026

Updated: 36 days ago

Overview

This property at 11 Mackay Street offers a rare and exceptional opportunity in the heart of Wangaratta, combining substantial land size with immediate income and long-term development potential. Situated on approximately 1,149 square metres of residential land, it enjoys a central location within easy walking distance of shops, cafes, restaurants, schools, parks, and essential services, providing convenient urban living and connectivity.

The site currently features two separate residences, configured for dual tenancy. One is a two-bedroom home enhanced by a study and an ensuite, complemented by a separate one-bedroom residence. This setup not only creates the potential for steady rental income but also offers flexibility for owner-occupiers who may wish to live in one dwelling while developing the rest of the land.

The generous land parcel invites possibilities for subdivision or multi-dwelling developments, subject to council approvals and planning requirements. This makes the property ideal for investors, developers, or builders looking to capitalize on its scale and strategic positioning. The presence of town services connection enhances the ease of any future development.

Additional features include air conditioning, gas heating, built-in wardrobes, and a study, adding comfort and functionality to the living spaces. The property's configuration and scope of potential provide an excellent holding opportunity while plans for development are explored.

With a rare combination of size, location, and versatility, 11 Mackay Street stands out as an appealing prospect for a diverse audience, including those seeking a convenient, central residence or a foundation for a bespoke residential project in one of Wangaratta's most accessible locations. The potential to live onsite during development offers a unique chance to personally oversee and shape the property's future while enjoying its advantages today.

Local Market Insights

In Wangaratta, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 59 during the previous 30-day period, with an average advertised asking price of $803,476. The property type mix of listed properties is predominantly Houses at 54%, followed by land (38%), and units (8%). The most active agency for houses in the Wangaratta area is currently Tait Real Estate, representing 33% of new listings, followed by Garry Nash & Co with 19%. 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.