834 Waterworks Road, The Gap QLD 4061

This distinctive property situated at 834 Waterworks Road in The Gap is a versatile investment and multi-living opportunity that stands out in Queensland’s vibrant residential market. Set on an ample 885 square metre allotment opposite Ashgrove Golf Club, it reflects a traditional Queenslander-inspired architectural style lending the home timeless character and charm.

Comprised of three separate residences under one title, the property caters to a wide variety of buyer needs. Two self-contained one-bedroom units sit on the lower level, each with its own bathroom and open-plan kitchen, living, and dining areas. These units offer potential to increase rental yield via the easy addition of second bedrooms. Upstairs, a larger residence features three bedrooms, a bathroom with an additional separate toilet, a functional kitchen, and dual living areas with direct access to a recently added deck. This setup not only offers excellent privacy for tenants or extended family members but also maximizes rental income potential.

The expansive, leafy backyard serves as a shared outdoor refuge, perfect for leisure or entertaining. For buyers seeking a more traditional family home, the property retains the flexibility to be transformed back into a large five to six-bedroom intergenerational residence with multiple living zones. This adaptability significantly enhances the property’s appeal to investors, families, or those requiring multi-generational accommodation.

Located just minutes from The Gap Village Shopping Centre and within easy reach of cafes, restaurants, and public transport, the home offers convenience without compromising a quiet, leafy lifestyle. Its proximity to the Brisbane CBD—less than 10 kilometres away—provides an optimal balance between suburban tranquility and city accessibility.

• Unique three-residence setup with distinct living spaces maximizes rental return and lifestyle flexibility
• Traditional Queenslander character combined with practical modern living spaces
• Potential for versatile configurations including multi-generational family living
• Large 885 sqm allotment with generous outdoor areas
• Highly sought-after location opposite Ashgrove Golf Club and close to amenities

Overall, 834 Waterworks Road offers a rare blend of character, location, and investment appeal, especially suited for buyers looking for strong rental return potential or adaptable multi-living arrangements.