86 Wallace Street, Chermside, QLD 4032 sold on 01 December 2025 | OnTheHouse
 
SOLD
Sold on 01 Dec 2025 for $3,000,000

86 Wallace Street
Chermside QLD 4032

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 91m2
Land area: 1090m2
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Property Details for 86 Wallace St, Chermside

86 Wallace St, Chermside is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 1090m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom House sold in Chermside in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
91m2
Land Size
1090m2
Local Government
Brisbane
Lot/Plan
27/RP66561

Last Listing description (October 2025)

Located in Brisbane's premier northern growth precinct, The Charles on Wallace presents a rare opportunity to acquire a DA-approved development site designed for 16 well-sized apartments, with flexibility to support NDIS/SDA-compliant accommodation.

The Development Application proposes a high-quality, five-storey residential building across a 1,090m* level corner site. All 16 apartments are located on Levels 1 through 5, while the ground floor provides 25 secure basement-style car parks, bike storage, and internal lift access.

The upper-floor layouts are generous in scale and configuration, offering wide adaptability to meet SDA design standards. Communal rooftop BBQ and pergola spaces complement the lifestyle appeal, creating a strong opportunity for developers and institutional housing providers targeting positive social impact and long-term rental resilience.

Key Highlights:
DA lodged for 16 apartments over 5 upper levels (STCA)
NDIS-adaptable layouts across all apartments
Ground level fully dedicated to car parking (25 bays + bike storage)
Rooftop BBQ and pergola communal area
1,090m* MDR-zoned corner site | Two street frontages
Flood-free, fully serviced, elevated positioning
Holding income ~$50,000 p.a. from existing dwellings
Offered with vacant possession at settlement

Location Benefits:
150m* to Prince Charles Hospital
800m* to Westfield Chermside and Bus Interchange
10km* to Brisbane CBD via Gympie Road
Close to Holy Spirit Northside, schools, aged care, and medical hubs

Full DA documentation available on request

Disclaimer:
The information provided by The Urban Land Queensland is intended solely for the purpose of evaluating a potential purchase of the advertised property and is not to be used for any other purpose or shared with any other party, except where required for that purpose by your advisors or staff, without prior written consent from the vendor.

This information is based on details supplied by the vendor and other sources believed to be reliable, but has not been independently verified. It does not purport to contain all the information necessary to make a fully informed decision regarding the acquisition of the property.

The Urban Land Queensland Pty Ltd and its representatives do not warrant, represent, or guarantee the accuracy, adequacy, or completeness of the information presented, nor its suitability for any particular purpose.

The Urban Land Queensland accepts no liability for any loss or damage (whether caused by negligence or otherwise) resulting from reliance on this information. Prospective purchasers are advised to conduct their own independent investigations and due diligence as they deem necessary.

The vendor is not bound to proceed with any transaction unless and until a formal contract of sale has been executed by all parties. All maps, images, and renderings are for illustrative purposes only and may not accurately reflect the property or its potential.

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Property History for 86 Wallace St, Chermside, QLD 4032

A timeline of how this property has performed in the market
Last Sold
$3,000,000
01 Dec 2025
Listed for Rent
$375/w
28 Jan 2022
  • 01 Dec 2025
    Sold for $3,000,000
  • 23 Sep 2025
    Listed for Sale Price on Application
  • 21 May 2025
    Listed for Sale Price on Application
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About Chermside 4032

The size of Chermside is approximately 4.0 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2016 was 9315 people. By 2021 the population was 11426 showing a population growth of 22.7% in the area during that time. The predominant age group in Chermside is 20-29 years. Households in Chermside are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Chermside work in a professional occupation.In 2021, 31.60% of the homes in Chermside were owner-occupied compared with 31.50% in 2016.

Chermside has 7,867 properties. Over the last 5 years, Houses in Chermside have seen a 87.92% increase in median value, while Units have seen a 105.13% increase. As at 31 December 2025:

  • The median value for Houses in Chermside is $1,200,743 while the median value for Units is $789,721.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 34 properties listed for sale, and 42 properties listed for rent in Chermside on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in Chermside.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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