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Back 127 & 128/166 Lake Street
Off Market

127 & 128/166 Lake Street

Cairns North QLD 4870

2
2
2
99 m²
Unit
Last sold for $460,000
Paul SheldonPaul Sheldon, last sold this property on 08 October 2025 after 49 days on market.

Overview

Dual Key Apartment, Fully Furnished, in North Cairns

Please enquire through realestate.com.au or Domain to receive an information pack. A rare dual-key opportunity in the heart of North Cairns, this fully renovated and fully furnished apartment offers smart investors or savvy owner-occupiers the chance to maximise rental income, reduce expenses, and enjoy strong capital growth in one of Cairns' most desirable locations. Perfectly positioned on Lake Street, adjacent to Cairns Base Hospital and just a short stroll to the Esplanade. This split into two self-contained units, consist of a 1-bedroom studio and a 1-bedroom apartment, each with their own private entrance, balcony, kitchen, bathroom, and laundry, this is the ideal setup for dual living, executive rentals, or Airbnb. Whether you choose to live in one and rent out the other, or lease both separately as short or long-term rentals, this is a flexible investment with dual income potential, reduced overheads, and solid tenant demand year-round. Investor’s Dream: - Two income streams: Maximise your rental returns and diversify your investment risk. - Reduced expenses - single Body Corporate fee and Council Rates for this property. - Strong capital growth: Located in an area experiencing consistent demand and development. - Open plan living and dining areas. - Recently renovated with new bathrooms and kitchens, complete with oven, cooktop, fridge, microwave and rangehood. Freshly painted with new carpet – nothing to spend. - Washing machine in each unit. - Air conditioning and ceiling fans. Property Features: - Prime location – Close to Esplanade, hospital, schools, public transport and Cairns tourist areas. - Two fully self-contained, furnished units – Each with modern kitchen, stylish bathroom, washing machine, private living area, and balcony. - Private entrances – complete privacy for both occupants. - Second floor lift access. - Two unallocated secure undercover parking spaces - one for each apartment. - Live in one, rent the other or lease both residences separately for dual rental income streams. - Short-term or long-term options: Ideal for Airbnb, executive rentals, or stable long- term tenants. Opportunities like this don’t last long in North Cairns. With its unbeatable location, dual-income potential, and modern finish throughout, this property is ready to go with nothing to spend. Don't miss your chance to own this exceptional property. Contact us today to arrange a private inspection! DISCLAIMER Please note that some images in this listing may edited for illustrative purposes.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
99 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Cairns North over the last 12 months, the estimated median property value of 127 & 128/166 Lake Street is $445k.

Median value
$445k
Estimated value range
$235k - $810k
Median days on market
33
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 127 & 128/166 Lake Street

2025
Sold
$460,000
08 Oct 2025 by Paul Sheldon, of Sheldon Realty

Happy sellers in Cairns North

96%
96% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

Cairns North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 49 reviews in Cairns North over the last 12 months.

Local market activity for 2 bedroom units in Cairns North

In the last 12 months, 59 two-bedroom units similar to 127 & 128/166 Lake Street, have been sold.

This represents a 10% increase in two-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cairns North

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Tim Lyon

Sellers who recommend Tim Lyon have praised them for being clear communication, local expert, responsive, supportive, reliable, well-prepared and honest

  •   5   (384 reviews)
  •  32 Reviews in Cairns North
  •  25 Sales in Cairns North
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Zoe Wicks

Sellers who recommend Zoe Wicks have praised them for being clear communication, local expert, friendly, responsive, supportive, well-prepared and great negotiation

  •   4.9   (243 reviews)
  •  10 Reviews in Cairns North
  •  8 Sales in Cairns North
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns North.  They have 22 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (218 reviews)
  •  5 Reviews in Cairns North
  •  22 Sales in Cairns North
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Tim Winborn-Sharp

Sellers who recommend Tim Winborn-Sharp have praised them for being local expert, clear communication, responsive, friendly, honest, reliable and supportive

  •   4.9   (159 reviews)
  •  6 Reviews in Cairns North
  •  6 Sales in Cairns North
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