201 High Street - Historic Elegance, Triple Income, Exceptional Flexibility
A true Dunedin landmark, 201 High Street stands as one of the city’s distinguished late-Victorian residences, designed circa 1885-1899 by the renowned Salmond & Lawson Architects, admired for their timeless craftsmanship and enduring architectural style.
Originally built for Dr Stephenson, this handsome home is a fine example of High Street’s grand architectural heritage, elegant proportions, detailed workmanship, and a commanding street presence.
Today, the property has been cleverly configured into three spacious apartments, providing versatility for investors, multi-generational families, or those seeking a home-and-income arrangement in a premium inner-city setting.
A – the largest residence, spread over two levels, features four bedrooms, one bathroom, and open-plan living with fabulous city views and sun. Currently rented for $880 per week.
C – a one-bedroom apartment with bathroom, kitchen, and lounge, currently rented for $380 per week. Perfectly flexible, Flat C connects easily with Flat A, creating the option for an internally accessed self-contained studio or combining the two to form a five-bedroom residence with separate living spaces.
B – a calming, beautifully renovated apartment featuring one double and one single bedroom, modern kitchen and bathroom, currently rented for $450 per week.
Together, the three apartments deliver a combined income of approximately $1,710 per week, making this a rewarding investment opportunity with potential to strengthen.
Further highlights include mixed-use zoning, off-street parking for up to six vehicles, and a European-inspired shared courtyard with gardens, pergola, and private seating, a tranquil retreat in the heart of the city.
The property sits across two titles, one allotment of 314 m² and the main parcel of 536 m², offering a combined landholding of 850 m² within the mixed commercial zone. This zoning provides outstanding flexibility for future development (subject to appropriate consents) multi-generational living, or reinstating the home to one magnificent stately residence once again.
Positioned right at the bottom of High Street, there’s no steep incline to contend with, just an easy stroll to the Dunedin Hospital, University, and CBD. A safe and solid investment in a thriving academic city, offering both lifestyle and long-term security.
Opportunities like this are rare, heritage, location, and potential combine here to deliver a property that’s as versatile as it is beautiful.
A heritage masterpiece with income today and potential for tomorrow, where history, location, and opportunity meet.
