It has already had a surge on new house building, and residential developers O'Brien and O'Flynn are in the planning wings waiting on a grant of permission for hundreds more homes on the city side, Passage's largest ever scheme, while the dockyard is also overdue for development.
But, just as sites are snapped up all about, the area still has its homes of period distinction, ranging from large terraced houses to Georgian and Victorian residences of character.
Now up for sale with agent Dominic Daly is Leemount, one of the grander homes of its day in the area and part of the Clarke family estate.
Its original lands have all been built upon, neighbouring schemes include the Highlands and Hillcrest, and one-off sites are also being sold over Leemount's shoulder by Harris Properties at €250,000 a pop.
Dominic Daly is selling Leemount, on an acre, by public auction on July 14, and can expect a bit of Bastille Day storming for the property mix.
It is being offered in lots, with options including the detached four-bed residence, a courtyard and derelict stable block, the 'front field' of about half an acre, and the entire.
Guide price for the entire is conservatively pitched at €600,000.
The house, though habitable, needs extensive renovation.