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202/1 Wallace Avenue, Toorak VIC 3142

$1,850,000-$2,000,000

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$1.85M - $1.94M Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 3 Beds 2 Baths 2 Cars

Listed: 5 days ago

Updated: 7 hours ago

Overview

This spacious apartment, perfectly positioned within the secure and prestigious One Wallace Avenue complex, offers an exceptional single-level living experience enriched by thoughtful design and premium finishes. Its generous proportions accommodate three bedrooms, including a master suite with a private Juliet balcony, walk-in robe, and ensuite, providing a serene personal retreat.

The property features a versatile study or third bedroom area, which can be adapted to suit modern lifestyle demands such as a home office, media room, or additional living space, enhancing the home's functionality. Abundant natural light fills the elegant living and dining areas, which extend through French doors onto a balcony, seamlessly connecting indoor and outdoor environments for relaxed entertaining or quiet enjoyment.

The apartment is particularly suited to downsizers seeking a low-maintenance yet luxurious home, with two secure car parks, a large private storage room, and a separate laundry adding convenience and practicality. Residents benefit from access to premium amenities including an indoor heated pool, spa, steam room, gym, and the reassurance of an on-site building manager.

Its prime location places the vibrant Toorak Village precinct just steps away, offering an array of cafés, boutiques, and dining options. Proximity to South Yarra and Toorak's parks, cinemas, and public transport further complements the lifestyle appeal, making this property ideal for those seeking elegance, comfort, and connectivity in one of Melbourne's most sought-after suburbs.

Local Market Insights

In Toorak, Quiet Listings observed 18 new apartments entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $2,373,889. The property type mix of listed properties is predominantly Apartments at 45%, followed by houses (40%), and townhouses (7%). The most active agency for apartments in the Toorak area is currently RT Edgar, representing 33% of new listings, followed by Jellis Craig with 17%. 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.