Offering Lifestyle and Investment Appeal

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506//6 Lake Street, Cairns City QLD 4870

Offers Over $518,000

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$518k - $544k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 2 Baths

Listed: 1 hour ago

Overview

This dual-key apartment situated within the City Quays Complex offers a unique blend of flexibility and investment potential, with the design catering to multiple living and rental options. The principal residence includes a comfortable bedroom, modern bathroom, internal laundry, and open-plan living space that opens to a private balcony, providing residents with a pleasant indoor-outdoor lifestyle.

Complementing this is a fully self-contained studio featuring its own kitchenette, bathroom, and private patio, ideal for guests or holiday letting, thereby maximizing income opportunities. The separate entrances ensure privacy and independence between the two living spaces, making it well-suited for investors seeking multi-tenancy setups, owners looking for additional income streams, or families requiring multi-generational accommodation.

The modern bathrooms throughout and the thoughtfully planned layouts enhance functionality while maintaining comfort. Being currently managed alongside Park Regis Hotels further underscores the property’s strong rental appeal and established marketability.

This apartment is a viable addition to any portfolio due to its versatile accommodation options and strategic location, merging lifestyle convenience with practical investment prospects.

Local Market Insights

In Cairns City, Quiet Listings observed 30 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 $511,000. The property type mix of listed properties is predominantly Houses at 47%, followed by units (25%), and apartments (17%). The most active agency for apartments in the Cairns City area is currently Belle Property, representing 20% of new listings, followed by Walker Real Estate with 13%. 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.