268 Lake StreetCairns North QLD 4870
Property Details for 268 Lake St, Cairns North
268 Lake St, Cairns North is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 465m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom Unit sold in Cairns North in the last 12 months.
Last Listing description (August 2025)
Positioned just one street back from the iconic Cairns Esplanade and a short stroll to the Cairns Base Hospital, 268 Lake Street presents an exceptional opportunity to secure a fully-tenanted, well-maintained four-unit complex in the heart of Cairns North.
Neatly tucked away and comprising of four renovated two-bedroom, one-bathroom residences on a single freehold title, this solid investment boasts quality long-term tenants, consistent rental returns, and a location that continues to drive demand from both renters and owner-occupiers alike.
Each unit features open-plan living and dining areas, updated kitchens and bathrooms, and light-filled interiors that maximise the tropical lifestyle. Additional value is provided through a secure, lockable storage room allocated to each unit at the rear of the complex a rarity in this market.
Key Features:
- Four x 2-bedroom, 1-bathroom units on one freehold title
- Fully renovated interiors (advertised photos are of Unit 2)
- Repainted interior and exterior, still presenting as new
- Common areas are exceptionally maintained & visually appealing
- Lockable storage room for each unit at the rear of the complex
- Sparkling in ground concrete swimming pool with waterfall feature
- Outstanding location: one street back from the Cairns Esplanade
- Well-established tenants in place providing secure & steady income
- Opportunity to capitalise on future growth & development potential (STCA)
- Current council rates: $12,033.20 per annum (subject to change)
- Water Usage & Electricity: Separately metered and tenant-paid
Rental Income Summary:
Unit 1 $465 p/w (last increase 25/06/25)
Unit 2 $465 p/w (last increase 05/02/25)
Unit 3 $465 p/w (last increase 06/11/24)
Unit 4 $495 p/w (last increase 21/05/25)
Total Weekly Income: $1,890 | Total Annual Income: $98,280
This is a standout opportunity for astute investors looking for a low-maintenance, high-demand asset in a premium inner-city location. With the Cairns CBD, airport, hospitals and schools all within easy reach, properties of this calibre are rarely offered and highly sought-after.
For further details or to arrange your private inspection, contact Daniel Gibbs today on 0432 606 645.
Property History for 268 Lake St, Cairns North, QLD 4870
- 10 Jul 2025Sold for $1,560,000
- 18 Jun 2025Listed for Sale Now Sold by Daniel Gibbs
- 15 Feb 2021Listed for Rent $375 / week
Recent sales nearby
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0About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of 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 4,001 properties. Over the last 5 years, Houses in Cairns North have seen a 54.98% increase in median value, while Units have seen a 105.04% increase. As at 31 January 2026:
- The median value for Houses in Cairns North is $759,715 while the median value for Units is $485,301.
- Houses have a median rent of $573 while Units have a median rent of $500.
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