40 Monomeath Ave, Canterbury, comes with an imposing facade, a unique swimming pool and a basement garage that doubles as an art gallery.
An extraordinary Canterbury mansion listed for sale with an eye-popping $25m-$27m asking price has revealed what a $5m renovation can look like.
Not only does it look incredible, it is also set to help confirm its street as one of Melbourne’s most illustrious addresses.
The 40 Monomeath Ave property is on a boulevard increasingly known to be home to some of Melbourne’s most lavish and impressive homes, with the neighbouring house at No. 38 sold about in March last year for $28.1m — enough to rank it as the city’s seventh priciest property deal for 2025.
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At No. 40, a sweeping staircase with a striking Venetian glass chandelier hung in the void over a marble floored entry hall creates an instant impression.
There’s more chandeliers set above ornate timber floors in the living room and dining room, while designer pendant lights hang above the kitchen.
The latter space also comes with a butler’s pantry to ensure catering can be kept out of eyesight when entertaining.
There’s timber-lined custom joinery and display shelving in a rumpus room with a wet bar, a neighbouring games room with a mahjong table, more of the custom joinery in a home office and a 13.1m by 14.1m basement garage with room for seven cars that doubles as an art gallery.
The exterior of the home is just about the only part of it that hasn’t changed in the reno.
The basement garage has plenty of room for cars … and art.
A pool deck next to the tennis court is the perfect spot to enjoy summer.
The home’s lower-ground level also includes a gym and a wine cellar.
The five-bedroom floorplan also includes three bed chambers that are designed as main bedrooms, and feature extensive space, a lavish ensuite and either a walk-in wardrobe or a dressing room.
Each of the five bathrooms is decked out in marble, as well as Villeroy and Boch tapware.
Outside, features include a tennis court next to a sun deck and pool with a seascape of dolphins and tropical fish tiled into its base.
RT Edgar Boroondara’s Annabelle Feng is handling the sale and said the renovation had taken about three years to completely overhaul the home’s interior with a $5m update that followed an exacting, $700,000 design process.
The home’s games room is ready to go for a round of mahjong.
Marble floors, a Venetian glass chandelier and a sweeping staircase. This home knows how to make an impression.
Designer lighting hangs above a kitchen bench where intriguing seats feature.
Records show the home was purchased for $11.5m about 11 years ago, and even with the renovation it is likely to double the owners original outlay.
The result has been a house that blends views with privacy, and a design that has attracted repeat inspections within a handful of days from the kind of Melbourne families that can afford the more than $25m asking price.
“The buyers really like that it’s perfect for family use, with the location and the living environment and the neighbourhood,” Ms Feng said.
“And they like the functionality of the property.”
If desired, the heavily considered furnishings within the home could also be added to the purchase.
The home’s entertaining credentials continue outside.
The home’s bathrooms are lined with marble.
The house has three main bedrooms on its upper floor.
Ms Feng also sold the neighbouring home at No. 38 to its previous owners, as a bare block of land, for $7.75m about 11 years ago — with the resulting home built on the similar site notching $28.1m last year.
At present, the suburb’s record is held by the nearby Shrublands estate, which sold for $29m in 2021.
Last year it was advertised for sale at $31m-$34m by businessman owner Ali Ali, down from a 2024 offering of the estate for $48.8m with the inclusion a neighbouring home.
The 10-bedroom mansion is not currently advertised for sale.
But with another $25m-plus sale potentially on the way, Monomeath Ave is on its way to joining some of Melbourne’s most illustrious neighbourhoods in Toorak and Brighton.
It’s also recorded a $21m sale in 2022, for No. 33, a $16.281m sale for No. 41 in 2023, and the five-bedroom stunner at No. 11 notched $14.28m in February last year.
A home office comes with custom joinery and display cabinetry.
A range of entertainment spaces are on offer inside, many of them featuring ornate wall and ceiling design.
A rumpus room with a wet bar and a view to the back yard.
Two more of its addresses, No. 12 and No. 21-23 were also last traded above $12m back in 2015.
With only about 40 homes along the street, close to one in every five is known to be worth more than $10m.
And many of the remainder have not been sold in the past decade, though No. 30 just fell short of eight figures with a $9m transaction in 2021.
Expressions of interest for 40 Monomeath Ave close at 5pm, April 7.
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