Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9
Thumbnail 10
Thumbnail 11
Thumbnail 12
Thumbnail 13
Thumbnail 14
Thumbnail 15
Thumbnail 16
Thumbnail 17

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

505/6 Lake Street, Cairns City QLD 4870

Offers Over $518,000

Listed: 25th Jun 2026
Updated: 27th Jun 2026
Overview

Located within the well-maintained City Quays Complex at 505/6 Lake Street, this contemporary dual-key apartment offers an excellent investment or owner-occupier opportunity. The property is thoughtfully designed for ultimate versatility, combining a spacious one-bedroom apartment with a separate self-contained studio, all contained under one title.

The primary one-bedroom apartment includes a generous bedroom, a modern bathroom, an internal laundry, an open-plan living area, and a private balcony that creates a perfect space for relaxation or entertaining guests.

The adjoining studio unit is fully independent, featuring its own entrance, kitchenette, bathroom, and a private patio area, ideal for privacy and comfort. Residents and guests can also enjoy access to the complex's stunning pool and BBQ facilities on the level above, which offer picturesque views across the city and the nearby Trinity Inlet, providing a serene setting for leisure and gatherings.

This dual-key setup presents numerous lifestyle and investment advantages. It allows for flexible living arrangements, including generating dual rental income streams or offering short-stay accommodation options for up to three months for owners, enhancing its financial appeal.

Key property features include:

  • Dual-key design on a single title, enabling dual occupation or income.
  • A one-bedroom apartment with an ensuite bathroom, internal laundry, and a spacious balcony.
  • A self-contained studio equipped with a kitchenette and private patio.
  • Internal laundry facilities within the main apartment.
  • Strong investor appeal, complemented by an existing lease agreement with Park Regis Hotels.

This is an uncommon opportunity to acquire a versatile property that balances lifestyle benefits with consistent income potential. It caters well to investors seeking secure returns as well as purchasers looking for flexible urban living.

Local Market Insights

In Cairns City, Quiet Listings observed 19 new apartments entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $592,316. The property type mix of listed properties is predominantly Houses at 45%, followed by units (24%), and apartments (19%). The most active agency for apartments in the Cairns City area is currently Ray White, representing 37% of new listings, followed by Kayla Pennefather - Cairns Real Estate Agent with 26%. 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.

Location
505/6 Lake Street
Cairns City QLD 4870
Market Insights for Cairns City QLD 4870
New Listings (last 30 days)
19
Average price
$592,316
Lowest price
$279,000
Highest price
$1,800,000
Other properties in this postcode