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Overview
This property represents a rare opportunity to own two fully independent homes on a single title in the sought-after suburb of Toronto, NSW. Ideal for investors, extended families, or those seeking supplemental income, the offering includes two separate two-bedroom residences with their own bathrooms and parking facilities, providing privacy and flexibility rarely found in tandem.
The original home at the front retains a solid foundation and traditional character, offering comfort in an established setting. Complementing this is a modern, purpose-built granny flat constructed just five years ago at the rear of the property. This secondary dwelling boasts low-maintenance living, perfect for tenants seeking modern conveniences or family members desiring independence while remaining close.
- Dual-occupancy setup generating a combined weekly rental income of $920.
- Flexible living arrangements suitable for investors or multi-generational households.
- Generous 607 sqm land size providing ample space and privacy for both residences.
- Conveniently located in one of Lake Macquarie’s most tightly held and popular suburbs, it offers long-term value and solid rental appeal.
This established dual-income asset offers a straightforward investment proposition with two income streams from one title, underscoring both functionality and lifestyle benefits. The property suits those looking for immediate rental income or families requiring separate accommodation spaces without separation into multiple titles.
Local Market Insights
In Toronto, Quiet Listings observed 34 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $1,106,765. The property type mix of listed properties is predominantly Houses at 94%, followed by units (3%), and commercial properties (3%). The most active agency for houses in the Toronto area is currently LJ Hooker, representing 38% of new listings, followed by First National with 24%. 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
Market Insights for Toronto NSW 2283
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