159 Rainbow Street, Sandgate, QLD 4017 | House for sale | OnTheHouse
 
FOR SALE
For Sale

159 Rainbow Street
Sandgate QLD 4017

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 339m2
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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
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Property Details for 159 Rainbow St, Sandgate

159 Rainbow St, Sandgate is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 339m2. The place is currently for sale with Ray White Sandgate.

Building Type
House
Land Size
339m2
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About Sandgate 4017

The size of Sandgate is approximately 3.2 square kilometres. It has 12 parks covering nearly 40.3% of total area. The population of Sandgate in 2016 was 4909 people. By 2021 the population was 4926 showing a population growth of 0.4% in the area during that time. The predominant age group in Sandgate is 50-59 years. Households in Sandgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandgate work in a professional occupation.In 2021, 63.60% of the homes in Sandgate were owner-occupied compared with 60.90% in 2016.

Sandgate has 2,339 properties. Over the last 5 years, Houses in Sandgate have seen a 81.51% increase in median value, while Units have seen a 112.14% increase. As at 28 February 2026:

  • The median value for Houses in Sandgate is $1,420,326 while the median value for Units is $707,450.
  • Houses have a median rent of $700 while Units have a median rent of $465.
There are currently 19 properties listed for sale, and 13 properties listed for rent in Sandgate on OnTheHouse. According to Cotality's data, 79 properties were sold in the past 12 months in Sandgate.

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Jarred Campbell
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Amy Lambert
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Ray White Sandgate
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