A Fender Katsalidis-designed Fitzroy abode - in a former panel repairs shop at 423 Napier St, Fitzroy - listed with price expectations between $3.4 million to $3.6 million sold at weekend auction.
It fetched $3,575,000.
The red brick 1880s building had been originally a farriers building.
It last sold at $875,000 in 2000.
The two level residence with Westgarth Street corner access had been converted into a four bedroom home.
The property has two private courtyards.
It was sold through Jellis Craig.