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54-56 George Street, Fitzroy VIC 3065

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Endless potential in prime position

Offered on one title, a rare inner-city prospect offering enormous scope in one of Melbourne’s most tightly held lifestyle pockets. Formerly two residences now combined into one expansive dwelling, this character-filled property is ready for a complete transformation.

Behind its traditional façade, a long hallway reveals the bones of a grand restoration project. Four bedrooms, each with original fireplaces, are complemented by a central living room with fireplace flowing through to a meals area and separate kitchen. A bathroom, separate laundry and generous rear yard with right-of-way access complete the existing footprint.

High ceilings, original fireplaces and classic architectural details provide a rich foundation for a comprehensive renovation or contemporary transformation (Subject to council approval). The footprint and land component open the door to a range of creative possibilities.

The location is undeniable. Positioned between Victoria Parade and Gertrude Street, you’re moments from some of Melbourne’s best cafés, wine bars and restaurants. Wander to Fitzroy Gardens and Carlton Gardens for open green space, or stroll into the CBD with ease. Multiple tram routes connect directly to the city, while the University of Melbourne, St Vincent’s Hospital precinct and Brunswick Street’s vibrant dining scene are all close by.

A once-in-a-generation opportunity to reimagine, restore and capitalise in premium Fitzroy.

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Property Sold

Sold 13/03/2026 Undisclosed