A Home to Enjoy, Invest or Develop - 706m2 of Opportunity (STCA)

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35 Ontario Avenue, Corio VIC 3214

$500,000 - $520,000

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$500k - $525k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 702 m²

Listed: 5 days ago

Updated: yesterday

Overview

Nestled within a well-established and convenient pocket of Corio, this charming two-bedroom red-brick home presents a compelling opportunity for a diverse range of buyers including first-home purchasers, investors, renovators, and developers. The property's highlight is its generous land size of approximately 702 square meters, offering a substantial backyard that enhances lifestyle potential and provides scope for future development subject to council approval.

The home's classic red-brick facade lends timeless street appeal, complemented internally by two generously proportioned bedrooms arranged within a practical floorplan that prioritizes functional everyday living. While the accommodation is comfortable, it is the sizable landholding that distinguishes this property from typical offerings in the area, granting possibilities for renovation, landscaping, or extension to suit evolving needs and preferences.

The expansive outdoor space offers flexibility for creating an inviting outdoor entertaining area or landscaped gardens, an appealing feature for families or those keen on outdoor living. For developers or investors, the existing dwelling combined with a sizeable allotment in a sought-after residential location encourages investigation into subdivision or the addition of new dwellings, adding long-term investment value.

Situated close to essential amenities, the location benefits families with proximity to Northern Bay College, St Francis Xavier Primary School, and early learning facilities. Shopping needs are met nearby at Corio Village Shopping Centre and Bell Post Shopping Centre, while excellent transport links via the Princes Highway and Geelong Ring Road provide efficient access to Geelong CBD, the Waterfront Precinct, and Melbourne, making daily commuting straightforward and convenient.

Overall, this property offers a balanced mix of immediate comfort and future potential, ideal for buyers seeking more than just a place to call home. Its generous land size combined with a solid foundation property creates multiple pathways for value enhancement in a neighbourhood that supports lifestyle and investment aspirations.

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.