63 Wallace Street, Chermside, Qld 4032

Above $1,300,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings
607 m²
Area

Published on Monday, August 17, 2026 ( See property details for 63 Wallace Street, Chermside, Qld 4032)

Above $1,300,000

Rob Missenden Licenced Real Estate Agent and Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile 607m² property in Chermside's prime location offering excellent development potential and comfortable living options.

🏡 Property Highlights

  • Prime 607m² parcel in Chermside's highly sought-after MU2 Mixed Use zone
  • Excellent development potential with diverse zoning options (STCA)
  • Outstanding location just moments from Westfield Chermside shopping precinct
  • Well-maintained highset home with three bedrooms and sunroom
  • Immediate livability with existing functional layout and downstairs amenities
  • Close to major amenities including cinemas, cafés, parks, and public transport

✨ Key Features

  • Built-in Robes
  • Garage
  • Open-Plan Living
  • Outdoor Area
  • Workshop
  • Water tank
  • Security Screens / Gates
  • Fully fenced
  • Pet-Friendly
  • Waterfront / Views
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63 Wallace Street
Chermside, QLD 4032
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Vertical aerial view — 63 Wallace Street
63 Wallace Street — Vertical Aerial  •  Chermside, QLD 4032  •  Nearmap © 2026

Chermside is a vibrant suburb renowned for its excellent shopping, dining, and entertainment options, making it ideal for families and investors alike. Its strategic location offers easy access to Brisbane CBD and surrounding areas via major transport links. The area boasts a strong community vibe, abundant parks, and a range of educational and recreational facilities. With ongoing development and infrastructure upgrades, Chermside continues to be a highly desirable and rapidly growing precinct. The suburb's diverse zoning allows for a mix of residential, commercial, and retail uses, providing excellent opportunities for future growth.

What are the development possibilities for this property within the MU2 zone?
The MU2 Mixed Use zone allows for a range of uses including residential, commercial, retail, and low-impact industrial activities (STCA), offering significant flexibility for development or investment.
Is the existing home suitable for immediate occupancy or rental income?
Yes, the current highset home is well-maintained and offers immediate livability or rental potential while planning future developments.
What amenities are accessible nearby?
The property is conveniently located near Westfield Chermside, cinemas, cafés, restaurants, parks, public transport, and community facilities such as the library and Kedron-Wavell Services Club.
Are there any restrictions or approvals required for future development?
Development will require approval from local authorities and must comply with zoning regulations and planning schemes applicable to the MU2 zone.
What is the condition of the existing home?
The home is neat and well maintained, featuring a functional layout with three bedrooms, a sunroom, and a practical downstairs area.
Are there any existing easements, covenants, or zoning restrictions that could impact future development plans? Has the property been affected by flooding or bushfire risks in the past? Are there any upcoming planning or infrastructure projects in the area that could influence property value or development potential? What are the council rates and any additional costs associated with the property? Is there any history of structural defects or repairs needed for the existing home?

63 Wallace Street, Chermside, Qld 4032 - More Details

Above $1,300,000

Positioned in the heart of Chermside, this exceptional 607m² parcel presents an outstanding opportunity to secure a property within the highly sought-after MU2 Mixed Use (Centre Frame) zoning.

Properties within the Mixed Use Zone are designed to accommodate a diverse range of uses, including residential, commercial, retail, service industry, tourist accommodation and low-impact industrial activities (STCA), making this an exceptional opportunity for developers, investors and owner-occupiers alike.

Perfectly positioned just moments from Westfield Chermside, one of Brisbane's premier shopping and lifestyle destinations, you'll enjoy easy access to major retailers, supermarkets, cinemas, cafés, restaurants, Kedron-Wavell Services Club, the Chermside Regional Library, Marchant Park and a host of local amenities. With excellent public transport options within walking distance, convenience is truly at your doorstep.

The existing highset home is neat and well maintained, offering three bedrooms plus a sunroom, separate lounge and dining rooms, an original kitchen with a gas upright stove, and a bathroom with a shower over the bath. Downstairs features a fully concreted area incorporating the laundry, workshop, storage space and single lock-up garage, providing immediate livability or rental potential while future plans are considered.

Offering exceptional flexibility in one of Brisbane's most desirable growth precincts, this is an opportunity not to be missed.

Motivated owners are committed to achieving a sale.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1
Area
607 m²
House Size
231 m²

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