577-579 Brunswick Street, Fitzroy North

Commanding a prominent high-exposure corner position opposite the iconic Edinburgh Gardens, this heritage-listed Early Victorian freehold presents an exceptional opportunity in one of Melbourne's most tightly held inner-northern precincts. With trams at the doorstep, easy CBD access, abundant free parking for clients and customers, and unrivalled lifestyle amenity, this landmark property seamlessly combines historic character with outstanding versatility.

Behind its timeless façade, the ground floor offers a substantial commercial space comprising six interconnected rooms, thoughtfully opened to create a flexible and flowing layout. Enhanced by elegant marble flooring, the premises also include a full kitchen, separate bathroom facilities and a large cellar. Ideally suited to retail, gallery, showroom, office, studio or allied health use (STCA), the space benefits from valuable rear access via the laneway, providing excellent functionality for deliveries, staff access or private entry.

Adding further flexibility and income potential is a self-contained one-bedroom apartment with independent access from the rear laneway. Whether utilised as tenant accommodation, consulting rooms, staff quarters or a standalone rental investment, this component provides a valuable additional income stream.

The first floor features a spacious and light-filled residence comprising three bedrooms, a study, kitchen, bathroom and generous living areas. Privately separated from the commercial premises and accessed independently, the residence offers broad appeal to long-term tenants, professionals, families or owner-occupiers seeking a unique inner-city lifestyle. The inclusion of a dedicated study and expansive living room further enhances its rental and owner-occupier appeal.

Together, these three distinct tenancies create a rare and highly sought-after freehold investment offering multiple income streams, exceptional flexibility and significant future upside (STCA). The combination of heritage significance, corner prominence, rear laneway access and a blue-chip Fitzroy North location delivers an outstanding opportunity for investors seeking security and growth, or owner-operators looking to establish a premium live-work environment.

A truly unique Fitzroy North holding—rich in history, exceptionally versatile and virtually impossible to replicate.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.