8 Pelican St, Innisfail is a 1 bedroom, 1 bathroom House and was built in 1930. The property has a land size of 1067m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Here is a potential Gold Mine.
Sitting on a level 1067 sqm block with two street frontages and zoned Business Frame, is this rustic 1 bedroom cottage. Do I need to say more?
High set and with plenty of life left in it, this little cottage is ready for a quick restoration and would be lettable to permanent tenants, could be a little weekender cottage or a downsizers permanent home. Don't buy a "Tiny Home" on wheels when you can buy this high set cottage for not much more. The piers are concrete and appear very solid. There is even a second shower downstairs. All of this sitting in a nice quiet street yet only probably under 100 meters to the shops and main road.
Rent the property out after some repairs (wiring is in excellent condition with Three phase available), whilst you explore the real development potential. I can imagine a row of commercial/ small industrial sheds of about 90 sqm each, access from one street and exiting into the other (STCA).
All this needs to be explored but for now you have a cottage requiring little work for under $100 K.
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 873 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:
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