Delivering a rare opportunity in one of Templestowe's most connected and tightly held locations, this versatile property occupies a substantial 1,450sqm (approx.) corner landholding directly opposite the open green spaces of Templestowe Reserve, offering outstanding flexibility for investors, owner occupiers, medical professionals or developers.
Currently configured as a fully operational medical centre, the property provides a functional and well-presented layout comprising a welcoming reception and waiting area, seven consulting or treatment rooms, multiple bathrooms including two ensuites, and generous internal spaces designed to accommodate a range of professional services. Large windows throughout capture leafy outlooks and natural light, creating a calm and inviting environment for clients and staff.
The existing configuration also presents an excellent foundation for alternative uses, including NDIS accommodation, Supported Independent Living (SIL) or Specialist Disability Accommodation (SDA) (STCA), while equally offering the flexibility to convert back into a substantial residential home if desired.
Externally, the expansive corner allotment allows for exceptional accessibility and convenience, supported by a double garage and approximately eight onsite car spaces providing ample parking for visitors, clients or extended family.
Positioned within General Residential Zone 1, the generous landholding presents exciting longer-term possibilities, including the potential to construct a luxury new residence or explore multi-townhouse redevelopment opportunities (STCA) that capitalise on the prominent corner position and uninterrupted parkland outlook.
The location further enhances the appeal, with Templestowe Village just a short walk away, offering an array of cafés, restaurants and boutique shopping. Public transport is easily accessible with buses nearby, while The Pines Shopping Centre and Westfield Doncaster are only minutes away. The property is also close to well-regarded local schools including Templestowe Park Primary School and Templestowe College, as well as the extensive walking and cycling trails of Westerfolds Park and the Yarra River precinct.
Combining scale, flexibility and a highly desirable parkside position, this unique offering presents an exceptional opportunity to secure a landmark site with immediate functionality and outstanding future potential.
Key Features
• Substantial 1,450sqm corner landholding (approx.)
• Flexible medical centre with seven consulting rooms
• Reception area and multiple waiting spaces
• Two ensuites plus additional bathrooms
• Excellent natural light and parkland outlooks
• Double garage plus approx. eight onsite car spaces
• Opposite Templestowe Reserve and tennis club
• Walk to Templestowe Village shops, cafés and amenities
• Close to buses, The Pines Shopping Centre & Westfield Doncaster
• Potential for NDIS / SIL / SDA accommodation (STCA)
• General Residential Zone 1 with development potential (STCA)
Added 11 March, 2026
Property ID: #L39775946
