For Sale

203/38 Gregory Street, Condon, Qld 4815

$469,000

House

Type

Bedrooms

Bathrooms

Parkings

97 m²

Area

Published on Wednesday, October 14, 2026 ( See property details for 203/38 Gregory Street, Condon, Qld 4815)

$469,000

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A low-maintenance, ground-floor apartment in a secure complex with resort-style amenities and immediate rental income in Townsville.

🏡 Property Highlights

Immediate rental income with lease until early 2027
Resort-style lagoon swimming pool and communal BBQ facilities
Secure complex with gated access and onsite management
Convenient ground floor position for easy access
Close to Willows Shopping Centre, Cannon Park, and Riverway Lagoons
Low maintenance layout ideal for investors

✨ Key Features

Two bedrooms
Two bathrooms
Single car accommodation
Secure complex with gated access
Resort style lagoon swimming pool
Communal BBQ facilities
Visitor parking
Open-Plan Living
Built-in Robes
Open-Plan Living

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203/38 Gregory Street

Condon, QLD 4815

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Suburb and Property Insights of Condon, QLD 4815

Condon offers a vibrant community with excellent amenities, including shopping centres, parks, and educational institutions. Its convenient location provides easy access to Townsville’s key employment hubs and leisure facilities, making it ideal for both investors and residents seeking a relaxed lifestyle. The area boasts a friendly atmosphere, well-maintained public spaces, and a strong sense of community.

Frequently Asked Questions

What are the current rental terms and potential for future rental income?

The property is currently tenanted at $480 per week until early 2027, providing immediate rental income with potential for future rental growth depending on market conditions.

What amenities are available within the complex?

The complex features a resort-style lagoon swimming pool, communal BBQ facilities, gated access, onsite management, and visitor parking.

Is the property suitable for investors seeking low-maintenance living?

Yes, the practical layout and ground-floor position make it ideal for low-maintenance living, appealing to both investors and residents.

What nearby facilities and services are accessible from the property?

The property is conveniently located near Willows Shopping Centre, Cannon Park, Riverway Lagoons, James Cook University, Townsville University Hospital, and Lavarack Barracks.

Are there any restrictions or fees associated with the complex?

The Body Corporate fee is approximately $5,200 per annum, covering maintenance and management of communal facilities.

What to ask about this property to agent?

Are there any upcoming special levies or planned maintenance costs for the complex? Is the property compliant with all building and safety regulations? Are there any zoning restrictions or easements affecting the property? What is the history of the property's maintenance and any past issues? Are there any planned developments or construction nearby that could impact the property? Is the property located in a flood or bushfire-prone area? Are there any restrictions on leasing or subletting the property? What are the terms of the current lease, and are there any conditions that could change? Are there any ongoing disputes or issues with the body corporate? What are the long-term plans for the complex and surrounding area?

203/38 Gregory Street, Condon, Qld 4815 - More Details

$469,000

Positioned on the ground floor of the popular Riverway Point complex, 203/38 Gregory Street presents a fantastic opportunity for investors seeking an established rental return in a convenient location.

Offering two bedrooms, two bathrooms and single car accommodation, this low maintenance apartment combines a practical layout with the added appeal of secure complex living and excellent communal facilities. Currently tenanted at $480 per week until early 2027, the property offers immediate rental income for its next owner.

Property Features:
• Two bedrooms, two bathrooms and single car accommodation
• Convenient ground floor position
• Practical layout suited to comfortable, low maintenance living
• Secure complex with gated access and onsite management
• Resort style lagoon swimming pool and communal BBQ facilities
• Visitor parking available within the complex
• Conveniently located near Willows Shopping Centre, Cannon Park and Riverway Lagoons
• Easy access to James Cook University, Townsville University Hospital and Lavarack Barracks

Additional Information:
• Currently tenanted at $480 per week
• Lease in place until early 2027
• Body Corporate: Approximately $5,200 per annum
• Council Rates: Approximately $3,970 per annum

Offering immediate rental income, resort style facilities and a convenient location, this is an excellent opportunity to secure an established investment in Townsville's property market.

Enquire today for further information or to arrange your inspection!

*** Some images may have been digitally enhanced/staged for illustrative purposes ***

Type: House
Bedrooms: 2
Bathrooms: 2
Parkings: 1
Area: 97 m²
House Size: 82 m²

Map & nearby places — 203/38 Gregory Street, Condon, Qld 4815

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203/38 Gregory Street, Condon, Qld 4815

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