46 Waterloo Crescent
St Kilda

Positioned high along one of St Kilda’s coveted tree-lined crescents, this brick Edwardian occupies a substantial allotment of approximately 650sqm. Offered for the first time in many years, it represents a rare and valuable opportunity in a tightly held residential pocket. While immediately liveable and rich in period character, the property’s standout feature is its exceptional redevelopment potential for a large family home or multiple residential dwellings (STCA), maximising its premier location.

Behind the timeless façade and inviting veranda, this four-bedroom, two-bathroom residence, complete with the option of four-car off-street parking, unfolds via a wide central hallway to beautifully proportioned interiors featuring ornate ceilings, polished timber floors and original fireplaces. Two generous front bedrooms lead to elegant living and formal dining domains, before opening to a sunlit kitchen and meals area. Tucked away at the end of the driveway is a separate self-contained studio/bedroom, complete with kitchen and bathroom. The expansive rear garden showcases the impressive land size, presenting exceptional scope to extend, renovate or explore redevelopment potential (STCA).

Upstairs the well-proportioned accommodation and a central bathroom ensure immediate liveability, while the home’s downstairs area offers a separate bedroom and bathroom zone providing flexibility for families, investors or those seeking to hold while planning future works.

In a prized lifestyle position moments from Acland Street cafés, St Kilda Botanical Gardens, trams, the beach and leading schools, this outstanding landholding combines period appeal with long-term vision. Perfect for developers, investors or owner-occupiers seeking a blue-chip address with significant upside, it represents a once-rare opportunity to secure scale, character and future potential in one of St Kilda’s finest streets, subject to council approval.

Land 10.6m x 60.9m approx.