41-45 Ernest StreetInnisfail QLD 4860
Property Details for 41-45 Ernest St, Innisfail
41-45 Ernest St, Innisfail is a 4 bedroom, 2 bathroom Unit with 5 parking spaces. The property has a land size of 473m2.This Property is currently listed for sale with Innisfail First National
Last Listing description (December 2025)
Rare Dual-Income Investment Opportunity in the Heart of Innisfail4145 Ernest Street, Innisfail QLD 4860Innisfail First National is proud to present this fully leased residential/commercial property, ideally located in a high-exposure position within the CBD. Offering multiple secure income streams, this is an exceptional investment opportunity for the savvy buyer seeking diversity, stability, and long-term growth.Currently returning a total of approximately $6000 per month, this property features:DownstairsAn established Commercial TenancyCurrently an established restaurant producing a rental return of approx. $3,000/month.Inclusions comprise everything you would expect front of house, commercial kitchen, ablutions, and storage.UpstairsTwo Quality Residential UnitsTwo well-presented 2-bedroom apartmentsSolid construction, low-maintenance designBoth units are leasedIdeal for the local rental marketWhether you're an educated investor looking to diversify a self-managed super fund or a business owner seeking to operate your own enterprise downstairs while earning passive income upstairsthis property delivers.With dual income, strong tenancies in place, and room to adapt with market demand, opportunities like this dont come often at such an accessible price point.Secure your future with a proven income-generating asset.Contact Innisfail First National today to arrange your inspection.
Property History for 41-45 Ernest St, Innisfail, QLD 4860
- 30 Jun 2025Listed for Sale $845,000
- 04 Nov 2022Listed for Sale $790,000
- 28 May 2021Sold for $300,000
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0About Innisfail 4860
The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2016 was 1145 people. By 2021 the population was 1091 showing a population decline of 4.7% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation.In 2021, 30.90% of the homes in Innisfail were owner-occupied compared with 32.00% in 2016.
Innisfail has 874 properties. Over the last 5 years, Houses in Innisfail have seen a 122.51% increase in median value, while Units have seen a 134.79% increase. As at 31 December 2025:
- The median value for Houses in Innisfail is $369,195 while the median value for Units is $397,582.
- Houses have a median rent of $415 while Units have a median rent of $300.
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