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44-46 Forster St 0.57 Acres of Commercial Land in Ivanhoe, VIC 3079
Investment Highlights
- Strategic landholding of approx. 2,299 m² with wide 30 m frontage.
- Development potential for multi-level mixed-use or residential project of up to 8 storeys (STCA).
- Zoned Activity Centre Zone - Schedule 2 (Precinct 6 – Residential Transitional).
- Flat site with no Heritage Overlay, rear access, and flexible planning context.
Executive Summary
Planning allowances provide for increased housing supply and intensified land use within this designation, with precedents for building heights up to 8 storeys subject to council approval. The property benefits from superior development fundamentals, including a level allotment, no Heritage Overlay designation, rear access, and notable separations from adjacent structures, thereby supporting cost-efficient construction implementations.
Its positioning underscores long-term demand and absorption, with immediate proximity to major hospitals, Burgundy Street retail, Heidelberg Station, Bell Street arterials, and vibrant lifestyle amenities catering to healthcare professionals, students, and downsizers alike. For developers and institutional-grade investors targeting scale, location, and zoning flexibility, this rare infill opportunity within a land-constrained market offers unmatched prospects.
EOI closes Tuesday, 26th May at 3:00 pm—contact the marketing agents today for an IM or to arrange a site inspection.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.57 AC |
| Lot Size | 0.57 AC |
44-46 Forster Street represents one of Ivanhoe and Heidelberg’s most compelling large-scale development opportunities, spanning 2,299 m² in a premium location within the Heidelberg Major Activity Centre.
Description
44-46 Forster Street, Ivanhoe, presents a substantial development landholding of approximately 2,299 m², located within the Heidelberg Major Activity Centre. The site offers a commanding 30-metre frontage and is zoned under Activity Centre Zone Schedule 2 (ACZ2), specifically within Precinct 6 – Residential Transitional. The property is well-suited to large-scale redevelopment, with strategic potential for multi-level residential projects, retirement living, aged care, health-based accommodation, or mixed-use developments (STCA). Current planning controls in this zone encourage urban renewal and increased housing supply, supporting outcomes of up to 8 storeys (STCA).
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44-46 Forster St
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