286 Lake StreetCairns North QLD 4870
Property Details for 286 Lake St, Cairns North
286 Lake St, Cairns North is a 12 bedroom, 7 bathroom Unit with 7 parking spaces. The property has a land size of 899m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (December 2024)
Seize this opportunity to purchase the entire block of seven fully self-contained apartments, updated whilst retaining classic period charm, on a 899m2 block, only 50-metres to the Esplanade.
Currently utilised as long-term residential apartments with an annual income of over $150,000 you can easily AirBNB with a potential income of $300,000 per annum.
This architecturally stunning building comprises 5 x 2 bedroom, 1 x 1 bedroom and 1x studio apartment - each with open plan living, bedrooms, bathroom, modern kitchen, covered balconies, laundry facilities and parking for one-vehicle.
Classically appointed throughout with stunning polished timber flooring, french doors onto the private balconies, some with sea views, extra high ceilings and capturing cooling ocean and mountain breezes - the perfect setting for guests or tenants to relax, unwind, and look forward to their stay.
Features include split system air-conditioning, stone benches, ceiling fans, security screens, and storage; each apartment comes fully and partly furnished, it is a complete turn-key package.
- No Body Corporate Fees - high-yield investment
- 5 x 2 bedroom, 1 x 1 bedroom apartment and 1 x Studio apartment
- Period features of classic casement windows, french doors, polished timber floors and extra high ceilings
- Fully renovated and partly renovated self-contained separately metered apartments with balconies
- Inground swimming pool and parking for 7 cars
- 899m2 block - Zoned Tourism
Within walking distance to Cairns Hospital, Esplanade, moments to the airport and close to the fabulous boutique dining, parkland and the foreshore of Cairns, this is an opportunity not to be missed, call Alli for your full prospectus!
Property History for 286 Lake St, Cairns North, QLD 4870
- 16 Oct 2024Sold for $1,875,000
- 09 Oct 2024Listed for Sale Alli gets it SOLD!
- 10 Dec 2019Listed for Rent $280 / week
Recent sales nearby
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About 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 4,004 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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