Rare R20/50/100 Town Centre Development Opportunity's - Potential for Medium / High Density Residential, subject to planning approval and City of Belmont density bonus requirements.
Opportunity 1 - Address:154 Belmont Avenue, Rivervale.
Size: 973.49sqm
Zoning: R20-50-100
Potential options: 5 x (2-3 Bedroom Townhouses) or 8 - 10 Apartments (4-6 x 1Bedroom / 3-4 x 2 Bedroom).
Recent Sales:
108 Belmont Avenue, Rivervale - Sold February 2026 for $1.45m. (1034sqm - R20/40) @ 1,402 per sqm.
187 Armadale Road, Rivervale - Sold November 2025 for $1.47m (1012sqm - R20) @ $1,452 per sqm.
Realestate.com.au - Apartment and Townhouse Sales - Click Here!
Price: $1,645,000 @ 1689 per sqm
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Opportunity 2 - Address:150 & 152 Alexander Road, Rivervale.
Size: 2373sqm - Property hi-lited and adjoining property number 152 on RHS.
Two adjoining sites - Family Holdings with two-street access.
Zoning: R20-50-100
Potential options: Maximum potential - Initial investigations would suggest up to 38 apartments, a mix of 1, 2 or 3 -bedroom units over 3 levels with ground floor parking OR 14 x 3 Storey Townhouses.
Recent Sales:
170 Alexander Road, Rivervale - 1224sqm (R20-50-100) Sold for $2.15m in May 2026. Land rate = $1,756 per sqm. (Build to rent scheme).
Realestate.com.au - Apartment and Townhouse Sales - Click Here!
Price: $4,100,000 @ $1,685 per sqm.
Should you have any further questions or would like to discuss the next steps please give me a call.
