There will be three weeks of open homes starting this Saturday, followed by an auction.
A new listing for the property on realestate.co.nz describes it as a "stunning fusion of chic character charm and state-of-the-art modern living".
The house sits on 382sq m of land and has four bedrooms, two bathrooms and two car spaces.
The listing says it has gone through a "significant process of rejuvenation" - but judging by new photos of it, even that seems to be an understatement.
Three young builders from Evoke Developments bought the property in October 2014 and said they wanted to save and restore the crumbling villa.
Builder and co-owner Simon Watson said he and his two partners, Thomas Rowe and Rhys Hancock, were "very happy" with the transformation.
"We think it's a pretty cool house and that's testament to a much larger team than the three of us."
He said the bathrooms are "amazing" and some people will pick up on that, while the glass atrium and central courtyard will appeal to others.
But how much will the restored villa sell for this time?
Mr Watson suggested looking at some of the other quality homes and renovations that have been sold in Grey Lynn and Ponsonby over the past 12 months.
"I suspect our price would be something around that," he said.
Last month, the Herald reported that several renovated Grey Lynn properties had sold for $3 million in the past year and that the suburb's median selling price during the past six months was $1.25 million, according to Real Estate Institute figures.
However, Mr Watson said he and his partners were not hung up on a price. "The property is for sale and will be sold, so the market will tell us what it's worth. We want to sell the property and move on to the next project."