28/199-201 Lake Street, Cairns North, QLD 4870 sold on 24 August 2026 | OnTheHouse
SOLD
Sold on 24 Aug 2026 for $680,000

28/199-201 Lake Street
Cairns North QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 28/199-201 Lake St, Cairns North

28/199-201 Lake St, Cairns North is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in Cairns North in the last 12 months.

Building Type
Unit
Year Built
2006
Local Government
Cairns Regional
Lot/Plan
28/SP193088

Last Listing description (October 2026)

One Property. Endless Possibilities.

Whether you're looking for a home with flexibility, a high-performing investment or a combination of both, Apartment 201 offers an opportunity that's increasingly difficult to find in the Cairns market.

Its generous 125m dual-key design provides the versatility to live in one side while generating income from the other, lease both residences independently, or enjoy the entire apartment as one expansive city home.

Positioned on Level 3 within the tightly held 201 Lake Street complex, complete with a secure car space on title and just moments from the Esplanade, Hospital and CBD, this is a property that works just as hard as you do.

The apartment presents beautifully while retaining the flexibility that makes dual-key living so appealing. Two private balconies invite natural light and cooling sea breezes throughout the home, while glimpses of the Coral Sea provide the perfect reminder that you're living just moments from Cairns' iconic waterfront.

LIFESTYLE WITHOUT COMPROMISE

Occupying a prime position on the edge of the CBD, everything that makes Cairns so desirable is right at your doorstep. Walk to the Esplanade, waterfront restaurants, cafs, shopping precinct, hospital and business district within minutes, then return home to a secure, resort-style complex offering a 20-metre swimming pool, BBQ facilities, rooftop entertaining area and beautifully maintained common grounds.

Whether you're looking for the convenience of city living or a lock-and-leave lifestyle, this location truly delivers.

PROPERTY HIGHLIGHTS:

Spacious 125m dual-key design offering outstanding flexibility
Rent as one residence or separately to maximise income potential
Freshly painted with updated flooring and modern fixtures
Two private balconies with privacy shutters
Ocean glimpses, natural light and cooling breezes
Air-conditioning throughout
Ensuite-style bathrooms (main with bath, second with oversized shower)
Walk-in robe with mirrored doors
Internal laundry including washer and dryer
Secure basement parking on title with lift access
Major electrical appliances included, furniture negotiable

WHY INVESTORS LOVE THIS PROPERTY:

Few locations in Cairns offer the same level of convenience and consistent tenant demand.

Positioned just moments from Cairns Hospital, the CBD, the Esplanade and James Cook University's expanding health precinct, Apartment 201 sits within one of the city's strongest employment and lifestyle corridors.

The versatile dual-key layout provides multiple ownership options, while the complex allows owners to utilise onsite management for convenience or self-manage and explore short-term accommodation opportunities. Whether your goal is long-term growth, strong rental returns or lifestyle flexibility, this property can be tailored to suit your investment strategy.

Council Rates: Approximately $3,300 per annum
Body Corporate: Approximately $14,900 per annum

Some buyers will see an exceptional lifestyle opportunity. Others will recognise the strength of the investment. The real value lies in the flexibility to enjoy both.

Properties offering this level of space, versatility and location are becoming increasingly difficult to secure within Cairns City.

Contact Naomi Scowcroft today to arrange your private inspection and discover everything Apartment 201 has to offer.

Property History for 28/199-201 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$680,000
24 Aug 2026
  • 24 Sep 2026
    Sold for $680,000
  • 06 May 2026
    Listed for Sale Offers Over $689,000
  • 03 Mar 2026
    Listed for Sale Offers Over $689,000
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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 3,874 properties. Over the last 5 years, Houses in Cairns North have seen a 45.81% increase in median value, while Units have seen a 86.39% increase. As at 30 September 2026:

  • The median value for Houses in Cairns North is $776,745 while the median value for Units is $479,790.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 65 properties listed for sale, and 28 properties listed for rent in Cairns north on OnTheHouse. According to Cotality's data, 219 properties were sold in the past 12 months in Cairns north.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.