13 Canary Street
Ripley, QLD 4306

Overview

Dual Key Opportunity - Live In, Invest or Both on 452sqm

Located in the rapidly developing suburb of Ripley, this contemporary dual key duplex at 13 Canary Street offers a unique opportunity to own two fully self-contained residences on a substantial 452 square meter block. This property is ideal for investors, extended families, or buyers seeking to supplement their mortgage with rental income, providing both versatility and strong potential for future growth.

The first unit features spacious family living with four generously sized bedrooms, each equipped with built-in wardrobes. The master bedroom includes a private ensuite, complemented by a modern main bathroom. The open-plan living and dining areas create a welcoming environment, enhanced by a well-designed kitchen offering ample storage space. A private outdoor area adds to the appeal of this unit, which is currently leased at $520 per week with a lease term until May 2026. Rental appraisals suggest a potential increase to between $600 and $650 per week.

The second unit provides self-contained accommodation with one bedroom featuring a built-in robe and a bathroom. It includes a functional kitchen and living area designed for low maintenance and privacy. This unit is currently rented at $405 per week with a lease until September 2026, and rental appraisals estimate a potential increase to between $430 and $460 per week.

Both units have separate access, ensuring privacy and making the property highly suitable for dual occupancy living or as a dual income investment. The combined current rental income is approximately $925 per week, with potential rental income ranging from $1,030 to $1,110 per week, representing a strong yield opportunity with room for rental growth as leases renew.

Key benefits of this property include:

• Immediate dual income potential
• Suitable for multi-generational living or a live-in and rent strategy
• Modern, low-maintenance design
• Strong rental demand in a high-growth corridor
• Flexibility to suit various lifestyle or investment objectives

Location advantages include:

• Situated in one of South East Queensland's fastest-growing communities
• Walking distance to convenience stores, cafes, and local amenities
• Close proximity to Ripley Town Centre
• Nearby Ripley Valley State School and Ripley Valley State Secondary College
• Surrounded by parks, playgrounds, and walking trails
• Easy access to Ipswich CBD and Brisbane via major road networks

This dual key duplex represents an excellent opportunity for portfolio expansion or for buyers seeking a home with additional income potential. Properties of this nature are in high demand, offering a combination of lifestyle and investment benefits.

Prospective buyers are encouraged to verify all details independently to ensure accuracy.

Location