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171 Commercial Road, Koroit$540,000
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For Salehouse

171 Commercial Road

Koroit, VIC 3282, Australia
$540,000
3 bed 1 bath 1 car506 m²

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About this property

Positioned in the heart of Koroit's charming and tightly held main street, this remarkable heritage building offers a rare chance to secure a piece of the town's rich history while unlocking exciting future opportunities. Containing three parcels on one title and Zoned Commercial 1, there is so much opportunity to utilise this corner site now, or in the future. Originally constructed around 1880, the former Robinson Brothers Grain Store stands proudly among Koroit's historic streetscape. The building retains many of the beautiful characteristics of its era, including high ceilings, solid stone walls and timber floorboards - features that create a unique atmosphere rarely found in modern properties. Set on a generous 506m2 block, the property provides outstanding flexibility for those looking to renovate, restore or reimagine the space. Whether your vision is a distinctive residence, boutique retail space, cafe, holiday accommodation or an investment project, the size of the land and central location present exceptional opportunity. The building is currently arranged to include a kitchen (with original solid fuel stove), lounge area with potbelly fire, three bedrooms, hallway and combined laundry/bathroom, along with an additional outdoor room. Outside, the property features a shed, small rainwater tank, carport and enclosed yard, leaving plenty of scope to further enhance the site. Location is key, and this property delivers. Just steps from local pubs, cafes, restaurants, boutique shops and supermarket, everything Koroit has to offer is right at your doorstep. For those seeking a property with character, history and exciting potential, this is a rare opportunity to secure a landmark building in one of Koroit's most prominent locations. Arrange your inspection today with Jeremy and discover the possibilities that await - ph. 5564 4555.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
506 m²
Listed
3 months ago

Repayment calculator

$2,618/month
$1,309 /fortnight
Loan $432,000 at 6.10% over 30 years

Upfront costs

Deposit$108,000
Stamp duty$27,470
Conveyancing (est.)$2,000
Total upfront$137,470
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Koroit

This 3-bedroom house in Koroit, VIC 3282 sits within reach of public transport, local shops and nearby schools. It is listed 17% below the $650,000 median of 43 comparable houseswithin 5 km.

Schools near Koroit

  • Koroit And District Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Unnamed (bus)31 m away
  • AKC Kitchens43 m away
  • Unnamed69 m away
  • Unnamed547 m away
  • Victoria Park652 m away

Koroit at a glance

Full suburb profile
Population
2,184
Median age
41
Household income
$1,466/wk
Median rent
$280/wk
Median mortgage
$1,400/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Koroit price trend

Median sold · House 3 bed

Compound growth +5.8% / yr over 4 yrs

$605kcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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