40 Lake West Tce, Mount Gambier, SA 5290 | House for sale | OnTheHouse
 
FOR SALE
$649,000 - $659,000

40 Lake West Terrace
Mount Gambier SA 5290

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Land area: 727m2
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Panoramic Views & Spacious Living in Mount Gambier's Premier Lakes Location

Jason Malseed at Malseeds Real Estate is pleased to present for sale 40 Lake Terrace West, positioned in Mount Gambier's most sought-after Lakes Location. This expansive four bedroom (plus study), three-bathroom (including ensuite) home offers breathtaking panoramic city views, generous living spaces, and a wealth of character-filled features.
Designed for both comfort and functionality, the open-plan living, dining, and kitchen area is the heart of the home. The kitchen boasts a large gas cook top, dishwasher, and breakfast bar, ideal for entertaining or family meals. The lounge room is a large cosy retreat, featuring a slow-combustion wood fire and direct access to the spacious balcony, where you can soak in the stunning cityscape.
Charming stand out details complement the house with timber flooring flowing throughout and leadlight door. Upstairs bedrooms with built-in wardrobes and master suite with an ensuite for convenience. The other rooms are serviced by the main bathroom with walk in shower, separate bath.
Downstairs, two of the five bedrooms being newly carpeted, and an additional kitchenette and small bathroom create the perfect space for a separate dwelling or guest accommodation, with its own private side entry and outdoor access.
Outside, a built-in BBQ area offers a great setting for alfresco dining, while the split-level garden is ready for a green thumb to add their personal touch.
This is an exceptional opportunity to secure a substantial home in one of Mount Gambier's finest locations, close to Reidy Park, Tenison Woods and Mount High schools. Offering space, charm, and versatility.
Currently leased until June 2026 for $550 p/w.
Disclaimer - The information contained here is gathered from a source that we believe to be reliable. However, we cannot guarantee its accuracy and do not accept any responsibility for its accuracy. All interested parties should rely on their own independent searches and Legal advice.
RLA 115603

Property Details for 40 Lake West Tce, Mount Gambier

40 Lake West Tce, Mount Gambier is a 5 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 727m2. The place is currently for sale with Malseeds Real Estate.

Building Type
House
Land Size
727m2
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24.0% of total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.

Mount Gambier has 13,795 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.34% increase in median value, while Units have seen a 114.61% increase. As at 30 November 2025:

  • The median value for Houses in Mount Gambier is $534,884 while the median value for Units is $398,027.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 83 properties listed for sale, and 48 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 734 properties were sold in the past 12 months in Mount gambier.

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Jason Malseed
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Olivia Farmer
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Malseeds Real Estate
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