{"Slug":"house-119-channel-street-russell-island-qld-4184-2","CanonicalUrl":"https://realsearch.com.au/house-119-channel-street-russell-island-qld-4184-2","Address":"119 CHANNEL STREET, Russell Island, Qld 4184","Suburb":"Russell Island","State":"QLD","Postcode":"4184","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"Imagine relaxing on your balcony, watching the sun set across the main channel as the sparkling lights of Redland Bay come alive. This is island living at its finest!4 BEDROOMS | 3 BATHROOMS | 2 KITCHENS | DUAL LIVING | $700 PER WEEK RENTAL RETURNPacked with quality features, this impressive two-level home offers the perfect combination of lifestyle, space and investment potential.With four bedrooms, three bathrooms, two modern kitchens and separate entrances, the possibilities are exciting. Enjoy the entire home, accommodate extended family or explore the potential for holiday accommodation in the future.And those water views? You really need to experience them for yourself!TWO LEVELS – ONE FANTASTIC OPPORTUNITY!Upstairs, you'll discover spacious open-plan living, a stylish modern kitchen with stone benchtops, comfortable bedrooms and a fantastic balcony overlooking the water.Downstairs offers its own self-contained accommodation, complete with kitchen, bedroom, bathroom and separate entrance.Previously operated as successful Airbnb accommodation under the name Blue View Studio, the lower level provides excellent flexibility for future use, including the potential to return to short-term holiday accommodation, subject to relevant approvals and tenancy arrangements.PROPERTY HIGHLIGHTSFour bedrooms, three enjoying water viewsThree bathrooms, including two ensuitesTwo modern kitchens with stone benchtopsQuality De'Longhi appliancesIntegrated dishwasher in downstairs kitchenFour air-conditioning units and ceiling fansTwo balconies with stunning water viewsStylish contemporary interiors, throughoutModern vinyl plank flooring and quality window coveringsSeparate entrances for upper and lower levelsTandem garage with workshop and storage spaceLarge laundry and fully fenced 506m² blockAttractive Hampton style timber-look exterior claddingINVESTORS – TAKE NOTICE!Currently tenanted at $700 per week, with a lease in place until June 2027.That's an existing rental income of $36,400 per annum, providing an immediate income stream for the incoming owner.And the potential doesn't stop there!Having previously operated as Airbnb accommodation, the property offers an exciting opportunity to explore the island's short-term holiday accommodation market in the future.With its spectacular water views, dual-living layout and two separate entrances, this property has the features that can appeal to holidaymakers seeking a relaxing island escape.Whether you're looking for an investment today or a future lifestyle property with income possibilities, the flexibility here is a real bonus.LIFESTYLE, LOCATION & OPPORTUNITYEnjoy the peace and tranquillity of Russell Island while remaining conveniently located for the ferry terminal, local shops, cafés and everyday amenities.Beautifully presented, incredibly versatile and boasting unforgettable water views, this is a property offering far more than your average investment.The sellers are motivated and ready for their next chapter. Don't miss your opportunity to secure this impressive island home!EXPERIENCE THE ISLAND LIFE DIFFERENCEBuying on Russell Island? Let our local knowledge make the difference.Complimentary jetty pick-ups and personalised island toursLocal maps, information and expert island knowledgeFaceTime and virtual inspections availableProud REIQ memberREIQ 2025 Finalist – Small Residential Agency of the YearREIQ 2025 Finalist – Community Contribution AwardContact Simon and Kim Gordon at Island Life Property Sales & Rentals today for further information or to arrange an inspection.ISLAND LIFE PROPERTY SALES & RENTALSLocal Knowledge | Professional Service | Community CommitmentDisclaimer: Rental income is based on the current rent of $700 per week and assumes 52 weeks of payments. The property is sold subject to the existing tenancy unless otherwise agreed. Previous Airbnb use does not guarantee future approval, occupancy or income. Buyers should make their own enquiries regarding short-term accommodation, dual-living approvals and all property information.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"$770,000"},"Bedrooms":"4","Bathrooms":"3","Parking":"5","Features":[{"Name":"Bedrooms","Value":"4"},{"Name":"Bathrooms","Value":"3"},{"Name":"Carports","Value":"5"},{"Name":"Area","Value":"506 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-27.66023893,"Longitude":153.36678136,"Agent":{"Name":"Simon Gordon","CanonicalUrl":"https://realsearch.com.au/agent/simon-gordon"},"Agency":{"Name":"Island Life Property Sales & Rentals - RUSSELL ISLAND","CanonicalUrl":"https://realsearch.com.au/agency/island-life-property-sales-rentals-russell-island"},"CreatedAt":"2026-10-16T07:45:12.340244","UpdatedAt":"2026-10-16T07:45:12.3614157"}