97 Capital Avenue, Glen Waverley

PRIME GLEN WAVERLEY LANDHOLDING – DEVELOP, INVEST OR OCCUPY (STCA)

Jones Real Estate is excited to offer 97 Capital Avenue, Glen Waverley, For Sale via Expressions of Interest closing Wednesday 19th November 2025 at 2.00pm (AEDT).

A substantial 745.81sqm* allotment within one of Melbourne’s most tightly held eastern suburbs, offering exceptional flexibility to redevelop, invest or occupy moments from The Glen and Kingsway precinct.

Presently improved with an existing dwelling, the site offers a rare opportunity to undertake a high-quality redevelopment, medical or retail conversion (STCA), or retain as a strategic investment in a tightly held eastern suburb.

Key highlights include:

– Prominent 746sqm* allotment boasting exceptional street presence, providing an outstanding canvas for a boutique townhouse, medical, retail, or high-end single-dwelling redevelopment (STCA) in one of Glen Waverley’s most tightly held precincts.

– Existing building providing an exceptional opportunity to reconfigure or design a bespoke retail or medical premises to suit specific requirements, supported by an existing permit for a food and drink premises (STCA), with the current building comprising a front commercial tenancy and a three-bedroom residence at the rear.

– Benefiting from a General Residential Zone – Schedule 2 (GRZ2) designation under the City of Monash Planning Scheme, the property offers excellent flexibility.

– Located within walking distance of The Glen Shopping Centre, a major retail destination anchored by David Jones, Target, Woolworths, Coles and ALDI, alongside national brands including H&M, UNIQLO, JB Hi-Fi and Chemist Warehouse, offering fantastic surrounding amenity.

– Prestigious education catchment – positioned within the Glen Waverley Secondary College and Glen Waverley Primary School zones, and in close proximity to leading private schools including Wesley College, Caulfield Grammar and Mount View Primary School, reinforcing the area’s appeal to families and long-term owner-occupiers.

– Excellent connectivity via major arterials including Monash Freeway and Springvale Road, complemented by Glen Waverley Train Station and an extensive bus network providing seamless access to surrounding suburbs and Melbourne’s CBD.

– Surrounded by high-value residential and mixed-use developments, reinforcing the area’s continued capital growth, boasting a median house price of $1,702,000*.

For further information regarding the opportunity, please contact the exclusive selling agents.

*Approx.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.