40 Monomeath Ave, Canterbury, comes with an imposing facade, a unique swimming pool and a basement garage that doubles as an art gallery.
A Canterbury mansion listed for sale with a staggering $25m-$27m price tag has revealed what a $5m renovation could look like.
Not only does it look incredible, it’s set to help ensure its street as one of Melbourne’s most iconic addresses.
40 Monomeath Ave is located on a boulevard known for being home to some of Melbourne’s most luxurious and beautiful homes, neighboring house at No.
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In No. 40, a sweeping staircase with a stunning Venetian glass channel hanging in the space above the marble-floored entrance hall makes an instant impression.
There are additional chandeliers placed above the ornate wooden floors in the living room and dining room, while designer pendant lights hang above the kitchen.
This latest space also comes with a butler’s pantry to ensure that food is kept out of sight when entertaining.
There is a custom built-in closet with wood paneling and display shelves in the rumpus room with wet bar, an adjacent games room with a mahjong table, additional closet space in the home office and a 13.1m by 14.1m basement garage with space for seven cars that doubles as an art gallery.
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The home’s exterior is probably the only part of it that hasn’t changed in the reno.
The basement garage has plenty of room for cars … and art.
The swimming pool next to the tennis court is the perfect place to enjoy the summer.
The home’s lower level also includes a gym and wine cellar.
The five-bedroom floorplan also includes three bedrooms designed as master bedrooms, and with ample space, a luxurious ensuite and a walk-in closet or dressing room.
Each of the five bathrooms is decorated with marble, as well as Villeroy and Boch tapware.
Outside, features include a tennis court next to the sun deck and a pool with a dolphinarium and tropical fish tiled on its surface.
RT Edgar Boroondara’s Annabelle Feng handled the sale and said the renovation took nearly three years to completely renovate the interior of the house with a $5m update following a $700,000 design process.
The home game room is ready for a round of mahjong.
Marble floors, Venetian glass chandelier and sweeping staircase. This home can make an impression.
Designer lighting hangs above the kitchen bench where the attractive chairs have seating.
Records show that the home was bought for $11.5m about 11 years ago, and even with renovations it is likely to double the owners’ original investment.
The result was a house that combined views and privacy, and a design that attracted repeated inspections within days from the kind of Melbourne families who could afford the asking price of more than $25m.
“Consumers really like that it is suitable for family use, the place and the place where they live and the neighbors,” said Ms. Feng.
“And they like local operations.”
If you like, the most thoughtful furniture inside the home can be added to the purchase.
Home entertainment books continue outside.
The home’s bathrooms are lined with marble.
The house has three large bedrooms on its upper floor.
Ms Feng also sold the house next door at No 38 to its previous owners, as a vacant lot, for $7.75m about 11 years ago – resulting in a house on the same block costing $28.1m last year.
Currently, the suburb record is held by nearby Shrublands, which sold for $29m in 2021.
Last year it was advertised for sale for $31m-$34m by businessman owner Ali Ali, from an inheritance in 2024 for $48.8m and a neighboring home.
This 10 bedroom mansion has not been advertised yet.
But with another $25m-plus sale likely on the way, Monomeath Ave is on course to join other Melbourne neighborhoods in Toorak and Brighton.
It also recorded sales of $21m in 2022, at No. 33, sales of $16.281m at No. 41 in 2023, and a five-bedroom strike at No.
Home office comes with custom fittings and display cabinet.
A variety of entertainment areas are available inside, many of them with decorative wall and ceiling design.
Rumpus room with wet bar and backyard view.
Its other two addresses, No. 12 and No. 21-23 also last sold over $12m back in 2015.
With only about 40 homes on the street, close to one in five are known to be worth more than $10m.
And most of the rest haven’t been sold in the last decade, although No.
Offers of interest for 40 Monomeath Ave close at 5pm, April 7.
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