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12 Best Street, Fitzroy North VIC 3068

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A hidden warehouse sanctuary in North Fitzroy

Behind an unassuming industrial façade lies one of North Fitzroy’s most extraordinary and tightly held residences. This remarkable warehouse conversion is rich in history, scale, and soul.

Originally constructed as the Weeties Cereal Factory and later operating as the Cadet Shoe Factory, the building once employed newly arrived immigrants and contributed to Melbourne’s growing industrial community. That legacy of craftsmanship, resilience and purpose remains etched into the fabric of the home today.

For the past 27 years, the property has been thoughtfully reimagined as a private family residence on approximately 400 square metres of prime North Fitzroy land, offering expansive living areas with soaring proportions, warmth, and an architectural presence rarely seen in inner-city homes. At the heart of the residence is an expansive open plan living domain capable of hosting gatherings of up to 130 guests. It is anchored by a striking Castlemaine sandstone fireplace that creates a dramatic yet intimate focal point during Melbourne’s winter months. Sand blasted original brick walls add texture and authenticity, celebrating the building’s industrial origins while complementing its contemporary comforts.

The home comprises four to five generous bedrooms and three bathrooms, supported by a functional chef’s kitchen and a beautiful Tuscan inspired courtyard that provides a private outdoor retreat ideal for entertaining or quiet relaxation. Comfort is assured year-round with hydronic wall panel heating throughout the home, complemented by split system air conditioning in every room, delivering efficient zoned climate control across all seasons.

Importantly, unlike many neighbouring warehouse conversions now subdivided into multiple apartments, 12 Best Street sits on its own separate title. With no owner’s corporation, purchasers enjoy complete autonomy over both the land and the building, offering flexibility and long-term peace of mind.

The location is exceptional. Edinburgh Gardens, one of Melbourne’s most loved inner-city parklands, is just 100 metres from the front door, while the cafés, restaurants and boutiques of Brunswick Street are a short stroll away. The CBD lies only four kilometres from home and is easily accessed by foot, bike, or public transport. Everyday convenience is unmatched, with Pedemonte’s Supermarket just metres away, North Fitzroy Primary School directly behind the property and the Yarra City Council Library located across the road. Secure off-street parking for one car is provided on title via rear right of way access, a rare and valuable inner-city privilege.

Behind its modest façade lies a rare piece of Melbourne’s history. A former factory transformed into a sanctuary, ready for its next custodian to write the next chapter.

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Price Guide

Auction $3,400,000 - $3,600,000


Auction Date

12 Best Street, Fitzroy North VIC 3068
12 Best Street
Fitzroy North, VIC 3068
Sat 21st March, 10:00am


Inspection Times


Fitzroy North

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