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44-46 Caroline Street, Aitkenvale QLD 4814

Offers Over $1,225,000

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$1.23M - $1.29M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 3 Cars 2024 m²

Listed: 25th May 2026

Updated: 50 days ago

Overview

This property at 44–46 Caroline Street, Aitkenvale, offers an exciting development opportunity on a flood-free double allotment spanning 2024 square meters. Located within the Aitkenvale Medium Density Residential Precinct in Townsville, North Queensland, this site is zoned for Medium Density Residential use, allowing for a variety of development options subject to council approval.

The location is highly strategic, with infill and higher density residential development permitted, and a building height allowance of up to five storeys. The site is suitable for various accommodation types including disability, student, or visitor accommodation. It is conveniently situated within walking distance to Ross River, bikeways, and parklands, and is close to major shopping centers such as Stockland and KMART, as well as public transport options. Additionally, it is just a 5 to 10-minute drive to James Cook University, Townsville Hospital, and Lavarack Barracks.

The existing home on the property is a 100-year-old Queenslander, which has been held by the same family for generations. It has been recently re-roofed, repainted, and the timber floors professionally sanded. The high-set layout includes a secure under-house area with garage door access, providing space for two vehicles plus a workshop. This home is ready to live in or lease while planning future development.

The property offers flexibility with options to live in or lease the refurbished Queenslander, subdivide into two or more land parcels, or redevelop into multi-storey residential or specialist accommodation. This site is double the size of nearby redevelopment sites, such as 41 Elizabeth Street which is 1,012 square meters and recently sold. There is strong demand for central, flood-free development blocks in this area, which is positioned within the Aitkenvale Major Centre Precinct, a hub for commercial, entertainment, and lifestyle amenities.

Whether you are an investor, developer, or visionary buyer, this site offers a rare combination of scale, zoning, and location in one of Townsville’s most strategic growth corridors. It presents a unique opportunity to bring your development plans to life in a highly connected and sought-after suburb.

Outdoor features include a balcony and open spaces.
Indoor features include a balcony, study, floorboards, living area, workshop, broadband, toilet, and hot water service.

Local Market Insights

In Aitkenvale, Quiet Listings observed 261 new houses entering the market over the last 30 days, up from 45 during the previous 30-day period, with an average advertised asking price of $577,802. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and townhouses (2%). The most active agency for houses in the Aitkenvale area is currently Elite Properties, representing 70% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.