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1/282 Lake Street, Cairns North, Qld 4870 For Sale
1/282 Lake Street, Cairns North, Qld 4870 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Image 1/282 Lake Street, Cairns North, Qld 4870-Floorplan

1/282 Lake Street, Cairns North, Qld 4870

NEW LISTING | Buyers in the Mid to High $400,000s

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Published on Thursday, October 08, 2026 ( See property details for 1/282 Lake Street, Cairns North, Qld 4870)

NEW LISTING | Buyers in the Mid to High $400,000s

David Galloway-Penney - Real Estate Agent - Professionals Edge Hill
David Galloway-Penney Head of Sales - Department Director
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern ground-floor apartment in Cairns North offering excellent lifestyle and investment potential with a prime location and low-maintenance living.

🏡 Property Highlights

  • Prime location just metres from Cairns Esplanade and within walking distance of Cairns CBD
  • Small, well-maintained complex with only 6 units and reasonable body corporate fees
  • Currently leased to excellent tenants with immediate income stream
  • Open-plan living, dining, and kitchen area with two spacious bedrooms
  • Includes a swimming pool for residents' leisure
  • Allocated carport for secure onsite parking

✨ Key Features

  • Swimming Pool
  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Security Screens / Gates
  • Floorboards
  • Pet-Friendly
  • Outdoor Area / Balcony
  • Internal Laundry
  • Low-Maintenance Yard

Cairns North is a vibrant and highly sought-after suburb renowned for its proximity to the Cairns Esplanade, CBD, and hospital precinct. It offers strong capital growth, a lively lifestyle, and excellent amenities, making it ideal for both investors and owner-occupiers seeking convenience and future growth potential.

What are the current rental income and potential for future rent increases?
The property is currently leased at $550 per week until February 2027, with a rental appraisal of $550 to $570 per week, indicating strong rental income and potential for future rent growth.
What are the body corporate fees and what do they cover?
The body corporate fees are to be confirmed but typically cover maintenance of common areas, the swimming pool, and building insurance, ensuring the complex remains well-maintained.
Are there any upcoming redevelopment plans or zoning changes in the area?
Yes, the property is located within Cairns' highly sought-after hospital precinct, set to benefit from a significant $1 billion redevelopment, which may enhance property values and local amenities.
What are the council rates and ongoing costs associated with the property?
The approximate annual council rates are $3,200, covering local services and infrastructure, with additional costs for body corporate fees and utilities.
Is the property suitable for owner-occupiers or only investors?
The property is ideal for both owner-occupiers seeking a convenient city base and investors looking for a low-maintenance, high-growth potential asset.
Are there any planned or upcoming developments in the immediate vicinity that could impact the property's value or livability? Has the property been inspected for any structural issues or required repairs, especially considering its age from 1973? Are there any restrictions or easements on the property that could affect future renovations or use? What are the total ongoing costs, including body corporate fees, council rates, and utilities? Is the property compliant with current building and safety standards, including smoke alarms and electrical wiring? Are there any known issues with pests, drainage, or water ingress in the unit? What are the terms of the current lease, and are there any conditions that could change the rental income? Is the complex fully compliant with accessibility standards, if relevant? Are there any restrictions on pets or other lifestyle considerations for residents? What is the history of the property's maintenance and any past insurance claims?

1/282 Lake Street, Cairns North, Qld 4870 - More Details

NEW LISTING | Buyers in the Mid to High $400,000s

What You See:
Perfectly positioned just metres from the Cairns Esplanade and within easy walking distance of the inner CBD, this wonderful ground-floor apartment offers convenience, lifestyle and opportunity in equal measure.

Located in a small complex with very reasonable body corporate fees, the property sits within Cairns' highly sought-after hospital precinct, set to benefit from a significant $1 billion redevelopment.

Inside, the apartment features two bright bedrooms and a spacious open-plan living, dining and kitchen area.

Whether you're looking to enter the market, downsize, secure a convenient city base or add a smart investment to your portfolio, this apartment represents an exciting opportunity in a tightly held location.

What We See:
A smart opportunity for anyone looking to owner-occupy or invest in one of Cairns' rapidly evolving areas. With significant redevelopment planned for the Cairns region, this apartment offers an exciting combination of lifestyle and investment potential.

Cairns North has experienced strong capital growth, making this an appealing option for those looking at both short and long-term investment strategies.

Currently leased to fantastic tenants, the property provides an immediate income stream while offering the potential for future growth. Whether you're looking to secure your first investment, add to an existing portfolio or simply purchase in a location with plenty happening around it, this apartment is well worth considering.

Everything Else:
- Small well-maintained complex of only 6 units
- Open-plan living and kitchen
- Two spacious bedrooms and modern bathroom
- Swimming Pool
- Allocated carport for onsite parking
- Ideal low-maintenance investment or owner occupier opportunity

Location Highlights:
- Cairns Esplanade - only steps away.
- Cairns CBD - within walking distance.
- Cairns Hospital Precinct - within walking distance.

| Body Corporate Fees: TBC |
| Current Rented at $550/week until Feb 2027 |
| Rental Appraisal: $550 - $570 / week |
| Council Rates: Approx $3,200 / year |
| Build Year: 1973 |

Disclaimer:
The material and information contained in this marketing are for general information purposes only. Professionals does not accept responsibility and disclaims all liability for any errors or inaccuracies contained herein. Interested parties should rely on their own enquiries.


Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1

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