50 Alfred Street, North Melbourne VIC 3051

Property Details: • Type: House

• Bedrooms: 2 • Bathrooms: 1

Description: Unlock the Future in North Melbourne's Hottest Growth Corridor. Positioned in a dynamic urban renewal precinct, this charming 1930s clinker brick residence is far more than a 2-bedroom homeit is a strategic gateway to a multi-level future. With Mixed-Use Zoning (MUZ) and a location surrounded by transformative high-rise developments, this 267m² landholding offers a rare blend of immediate rental returns and significant renovation or redevelopment upside. Property Highlights: Current Residence: Original 2-bedroom, 1-bathroom home with a central kitchen, lounge, and laundry. Bonus Studio: Versatile rear bungalow/studio with kitchen facilities and workshopperfect for home business or extra income. Income Stream: Secure a strong rental return of $2,151 pcm while you plan your next move. The Potential: MUZ zoning allows for residential extensions, luxury multi-storey apartments, or mixed-use spaces up to 8-10 levels (STCA). The Location: Nestled just moments from Royal Park, Royal Melbourne Hospital, and the CBD, you are at the heart of North Melbourne's evolution. Join a neighbourhood defined by the newly completed Blue Hotham Apartments, North Lane Apartments and the Big Housing Build at 33 Alfred Streetprojects delivering hundreds of new homes and vibrant retail hubs by 2030. Don't miss your chance to secure a stake in North Melbourne's future. Whether you're looking to land-bank, renovate, or develop, this is a blue-chip opportunity that won't last.