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106 Monash Street, Sunshine VIC 3020

$900,000 - $990,000

Listed: 7th Aug 2025
Updated: 55 days ago
Overview

Positioned in a prime central Sunshine location, just a stone's throw from large transport links including the Sunshine train station and bus interchange, this property represents a rare opportunity for developers, renovators, and land bankers. The lot spans approximately 263 square meters within a Growth Zone, presenting extensive redevelopment potential.

The existing structure comprises a turn-of-the-century style shopfront requiring renovation and an attached five-bedroom residence (counting the shop area as a bedroom). Though the dwelling requires some care and updating, it features a living room, a practical kitchen with a meals area, a central bathroom with a separate toilet, and a combined bathroom-laundry, providing functional living spaces during any transitional phase.

The site’s corner location offers a substantial dual street frontage nearing 33.3 meters, supplemented by an 8.2-meter right-of-way at the rear lane, which enhances accessibility and flexibility for future development designs. Ample off-street parking is available at the rear, a valuable asset for both residential and commercial use.

This property’s proximity to Sunshine’s bustling CBD and amenities including shopping centers, schools, recreation facilities, and easy access to Melbourne CBD and the airport, makes it particularly attractive for comprehensive redevelopment or investment. Potential plans could include multi-purpose or rooming house developments subject to council approval, or alternatively renovating to capitalize on ongoing area growth.

This offering appeals to a diverse range of buyers with development or investment in mind, wanting an opportunity in a well-connected and rapidly evolving suburb.

Local Market Insights

In Sunshine, Quiet Listings observed 32 new houses entering the market over the last 30 days, down from 36 during the previous 30-day period, with an average advertised asking price of $842,188. The property type mix of listed properties is predominantly Houses at 57%, followed by townhouses (17%), and units (12%). The most active agency for houses in the Sunshine area is currently Douglas Kay Real Estate, representing 22% of new listings. 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.

Location
Market Insights for Sunshine VIC 3020
New Listings (last 30 days)
32
Average price
$842,188
Lowest price
$600,000
Highest price
$1,320,000
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