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159 Rainbow Street
Sandgate, QLD 4017

Offers Over $950,000

House 3 beds 1 bath 1 car 339 m²
Listed Date: 11th Mar 2026
Last Updated: 20th May 2026
Overview

Opportunity Knocks on Rainbow Street - Mixed Use Zoning, Endless Potential

Positioned on a prominent corner block with excellent street exposure, 159 Rainbow Street presents a rare opportunity for buyers seeking flexibility, character, and future potential. With Mixed Use zoning (STCA), this classic Queenslander offers the unique ability to combine residential living with commercial possibilities.

Whether you're an entrepreneur looking to run a home-based business, an investor seeking a versatile asset, or a buyer ready to transform a character home into your forever residence, this property provides the perfect foundation.

The existing Queenslander is brimming with charm and opportunity. With the right vision, the home could be lifted and renovated to create additional space underneath while preserving the character and charm that makes these homes so desirable. The generous corner position provides outstanding accessibility and visibility, making it ideal for a variety of business uses.

Imagine operating a boutique garden café, wellness studio, massage practice, consulting rooms, or creative workspace from home while enjoying the lifestyle benefits of living in one of the area's most vibrant locations.

For first home buyers and renovators, this is a chance to breathe new life into a classic home and create something truly special. With thoughtful renovation, this Queenslander could be transformed into a stunning forever home that blends timeless character with modern living.

Property Highlights:

  • Mixed Use zoning allowing residential and commercial opportunities (STCA)
  • Prominent corner block offering excellent visibility and access
  • Classic Queenslander full of character and renovation potential
  • Opportunity to lift and extend the home to maximise space
  • Ideal for home businesses such as cafés, wellness studios, consulting rooms and more
  • Short walk to the waterfront, shops, public transport and the Full Moon Hotel
  • Excellent opportunity for first home buyers, renovators, or investors

Properties with this level of flexibility are increasingly rare. Whether you're looking to live, work, invest, or create something unique, 159 Rainbow Street offers the canvas to make it happen.

Buyers should conduct their own due diligence with the relevant council authorities regarding zoning and permitted uses.

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.

Change History
Headline When
Offers Over $950,000
Offers Over $1,000,000
For Sale
Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

9:00 AM - 9:30 AM AEST
Location
159 Rainbow Street
Sandgate QLD 4017
Market Insights for Sandgate QLD 4017
New Listings (last 30 days)
8
Average price
$1,072,250
Lowest price
$900,000
Highest price
$1,400,000
Other properties in this postcode

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.