116 Stephen Street

Nestled in the heart of Yarraville in the former Lyric Theatre, this property presents a rare opportunity for buyers seeking a place with character, charm, and adaptive reuse potential. This versatile two-bedroom, two-bathroom home boasts a strong architectural identity with heritage elements throughout, offering potential for residential, studio, or mixed-use purposes. Ideal for families, professionals, or investors, the property is located in a highly sought-after area that is both vibrant and convenient. Upon entering, you are greeted by a generous living space with high ceilings and concrete flooring. Upstairs, the second living area captures city views and features a beautiful stone fireplace, providing a cozy focal point in the open-plan layout. The space is flooded with natural light, thanks to the skylight above the staircase and the generous arched windows, adding warmth and airiness throughout. The adjacent modern kitchen is fully equipped with a Smeg oven, Fisher & Paykel half dishwasher, and a movable island bench, offering flexible workspace options. Ample storage and a glass splash back enhance the kitchen's sleek and functional design. The master bedroom, also on the first level, offers built-in robes, timber flooring, and a window with a tranquil outlook to the communal garden. The main bathroom is spacious with a separate bath and shower, and ample natural light from the window. On the ground level, a second bedroom with built-in robes and carpeted flooring provides peaceful accommodation, with easy access to the additional bathroom and laundry area, which opens to the rear courtyard. The entry features concrete flooring and downlights, offering commercial or studio potential, making it perfect for those looking to set up a home office or creative space. Enjoy seamless indoor-outdoor living, with the ground-floor space leading to a communal outdoor area, ideal for entertaining or relaxing. This property offers a rare combination of functionality, modern amenities, and endless potential in a prime Yarraville location. Located just minutes from Yarraville Village, this home is perfectly positioned with easy access to public transport and local amenities. With Yarraville station within easy walking distance and major transport links, commuting to the CBD is effortless. Enjoy the vibrant community atmosphere, with local cafes, restaurants, and parks such as Yarraville Gardens, Cruickshank Park and Beaton Reserve just moments away. Zoned for Yarraville West Primary School and Footscray High School, this home offers convenience and lifestyle at its finest. 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.