Canadian at a glance
4,344
People
$591,250
Median sale
$408/wk
Median rent
3.59%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
VIC › Canadian › Canadian Springs Dr
$649,000–$699,000
For sale
Asking range
5
Bedrooms
2
Bathrooms
2
Car spaces
769 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$649,000–$699,000
Asking range · $844/m² of land
No recorded sale for this property.
Canadian at a glance
4,344
People
$591,250
Median sale
$408/wk
Median rent
3.59%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs Canadian
+9.8%
Median sale
Suburb $591,250
-0.32 pp
Gross yield
Suburb 3.59%
Suburb median $591,250 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$39,333 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Canadian's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $408/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Canadian at a glance
4,344
People
$591,250
Median sale
$408/wk
Median rent
3.59%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by PRD BallaratPositioned in the ever-popular suburb of Canadian, this impressive five-bedroom family home offers the perfect combination of space, comfort, and convenience on a generous 769m² (approx.) allotment. Designed to accommodate growing families and those who love to entertain, 8 Canadian Springs Drive presents an outstanding opportunity to secure a substantial home in a highly desirable location.
Boasting five generously sized bedrooms, all complete with built-in robes, the home provides flexibility for larger families, those working from home, or buyers needing additional guest accommodation. The well-designed floorplan is complemented by two bathrooms and multiple living zones, ensuring plenty of room for everyone to relax and enjoy.
At the heart of the home, the modern kitchen features quality appliances, including a dishwasher, and overlooks the dining and living areas, creating a functional space for everyday living and family gatherings. The home's features add warmth and style throughout, while split-system heating and cooling provide year-round comfort.
Stepping outside, you'll find a fully fenced backyard offering privacy, security, and an abundance of space for children and pets to enjoy. Whether you're hosting weekend barbecues, creating your dream garden, or simply enjoying the outdoors, this expansive yard provides endless possibilities.
Adding further appeal, the property is currently leased to excellent tenants until 25 May 2027, providing immediate rental income and making it an attractive proposition for investors seeking a secure investment in a high-demand location.
Located within easy reach of local schools, shopping facilities, parklands, public transport, and just minutes from Ballarat's CBD, this home delivers the lifestyle and convenience that make Canadian one of the city's most sought-after residential pockets.
Offering exceptional space both inside and out, along with the security of an established tenancy, this is an outstanding opportunity for investors or future owner-occupiers looking to secure a quality property in a premium Canadian location.
Price Guide: $649,000 - $699,000
Don't miss your chance to secure this spacious family home in a quality Canadian location. Contact us today to arrange your inspection.
Property Highlights
• Five spacious bedrooms with built-in robes
• Two well-appointed bathrooms
• Generous 769m² (approx.) allotment
• Modern kitchen with dishwasher
• Multiple living and dining spaces
• Split-system heating and cooling
• Fully fenced backyard, ideal for families and pets
• Currently leased until 25 May 2027, providing immediate rental return
• Close to schools, parks, shopping and public transport
• Minutes from Ballarat CBD and local amenities
Ballarat's Best-Selling Team
Listing description written by Michael Darken, PRD Ballarat — reproduced as published, not verified by Districts.
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