113/166-168 Lake StreetCairns North QLD 4870
Property Details for 113/166-168 Lake St, Cairns North
113/166-168 Lake St, Cairns North is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1990. The property has a land size of 93m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in February 2025.
Last Listing description (September 2025)
Discover an exceptional opportunity to own one of the most versatile and sought after property configurations around. The coveted, dual-key apartment in the heart of Cairns CBD.
This high-yielding property is the ultimate, investment opportunity for any prudent investor or makes for an exceptionally flexible living arrangement for an owner occupier. Live in one side and lease out the other.
*Inspections strictly by appointment*
Property Features:
- 1 fully self contained 1-bedroom apartment
- 1 studio apartment
- Separate entry to both properties plus internal access
- Fully renovated bathrooms
- Convenient lift access, top floor location
- Walk to shops, restaurants, and the Esplanade
- Next to Cairns Hospital, positioned near a major expansion, boosting future property values
The Figures
- Studio leased for $300 per week
- Apartment leased for $450 per week
- Attractive net returns of 5.5%
- Body corp of $11,764 annually
- Council rates $3,000 approx annually
Whether you're an astute investor looking for strong cash flow, or a homeowner wanting a flexible living arrangement with rental income potential, this property is an incredible opportunity you don't want to miss!
For all enquiries, contact Tim Lyon on 0400 355 706.
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
Property History for 113/166-168 Lake St, Cairns North, QLD 4870
- 19 Feb 2025Sold for $430,000
- 06 Feb 2025Listed for Sale SOLD BY TIM LYON
- 22 Jan 2020Sold for $290,000
Recent sales nearby
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About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation.In 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 3,860 properties. Over the last 5 years, Houses in Cairns North have seen a 50.12% increase in median value, while Units have seen a 92.76% increase. As at 31 July 2026:
- The median value for Houses in Cairns North is $784,627 while the median value for Units is $488,106.
- Houses have a median rent of $693 while Units have a median rent of $550.
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