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117-119 Gilbert Road, Preston VIC 3072

$2,250,000

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$2.25M - $2.36M Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 1 Bath 10 Cars 887 m²

Listed: 19th Mar 2026

Updated: 56 days ago

Overview

This stunning Art Deco residence beautifully captures the charm of a bygone era while offering exciting potential for the future. Situated across four allotments totaling approximately 887 square meters with a 24.3-meter frontage, this home not only exudes grandeur but also presents outstanding opportunities for investment or future development (subject to council approval).

Upon entering, you are greeted by a tranquil porch that leads into a world of soaring ceilings, ornate fireplaces, and timeless elegance. The refined lounge and formal dining areas create an exquisite setting for entertaining guests, while the modern kitchen and adjoining meals area cater effortlessly to everyday living.

This residence boasts six spacious bedrooms, including an upstairs theatre or ballroom, making it ideal for a growing family seeking both space and character. The property also features a central bathroom, a kitchen with an adjoining meals area, and two additional study rooms upstairs.

For those who require ample parking, the side drive leads to a substantial five-car garage, along with an additional single garage. The rear of the property includes a cool room or storage unit, and access to a rear laneway enhances the potential for future development.

Located in a prestigious pocket of Preston, this home is just moments away from Miller Street's vibrant shops and eateries, the No. 11 tram for a quick commute to the CBD, local parks, schools, and the scenic Merri Creek, making it a highly desirable location.

Don't miss out on this exclusive opportunity to own a piece of history with modern conveniences. Inspections are available by appointment.

Local Market Insights

In Preston, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $1,204,444. The property type mix of listed properties is predominantly Houses at 42%, followed by townhouses (24%), and apartments (18%). The most active agency for houses in the Preston area is currently Nelson Alexander, representing 41% of new listings, followed by Ray White with 15%. 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.