2 Bayliss Street, Toowong QLD 4066

Situated on a prominent corner lot in Toowong, this spacious character house offers a significant investment opportunity, particularly suited for those interested in dual occupancy or multi-income streams. The property’s versatile floorplan spans approximately 314 square meters over two separate levels and sits on a generous 516 square meter allotment, providing ample room for expansion as permitted under its current Development Application zoning.

The lower level is currently configured for rooming accommodation featuring four bedrooms, a bathroom, open-plan living, and a covered paved patio, ideal for tenants or shared living arrangements. Meanwhile, the upper level has historically served as a home office or business space but could just as readily function as a private residence or generate additional rental income.

• The home retains appealing character elements such as tongue-and-groove panelling, breezeways, sash and casement windows, and original timber flooring, offering a timeless aesthetic and a rewarding platform for restoration.
• Off-street parking accommodates up to five vehicles, a valuable convenience in this well-connected suburb.
• The property benefits from mature screening trees that provide privacy on the level, dual-frontage corner allotment, and split system air conditioning for comfort.

Located close to key amenities including the University of Queensland, Wesley Hospital, and well-served by public transport—the Toowong train station and Regatta ferry terminal are within walking distance—this property appeals to astute investors looking for a stable asset with scope for future capital growth and yield enhancement. Convenient access to local schools and shopping centres adds to the appeal, making this a strong contender for those seeking a live-in business opportunity or a multi-tenant investment in a central Brisbane location.