Back 3/206 Commercial Street
Off Market

3/206 Commercial Street

Mount Gambier SA 5290

3
1
1
125 m²
280 m²
Apartment
Tahlia GabrielliTahlia Gabrielli, last sold this property on 24 September 2025 after 51 days on market.

Overview

A Premier Property Awaits in the Heart of the CBD

The snapshot: This well located three bedroom unit in Mount Gambier's CBD is perfect for first home buyers, investors, or owner-occupiers. Tucked away off the main street for peace and privacy, it's a low-maintenance gem with secure tenants, offering a great investment or an ideal home close to all amenities. The location: Mount Gambier is a thriving regional city known for its stunning natural landmarks, vibrant community, and relaxed lifestyle. From the iconic Blue Lake to local schools, shops, and cafés, everything you need is close at hand. Whether you're exploring the crater lakes or enjoying the city's growing food scene, Mount Gambier offers the perfect blend of convenience and country charm. Mount Gambier CBD - 2 min (1km) Blue Lake - 6 min (2.7km) Mount Gambier Hospital - 7 min (4.5km) The home: Discover an unparalleled investment opportunity at 3/206 Commercial Street East, Mount Gambier. This well-sized unit is perfectly positioned on the main street within the bustling CBD, yet is tucked away in a quiet, secluded corner, offering the ultimate in convenience and a peaceful retreat. With its prime address and attractive features, this property is an exceptional choice for first home buyers, savvy investors, or owner-occupiers seeking a lifestyle of ease. This executive three-bedroom townhouse offers a blend of modern living and low maintenance appeal. Each of the three generously sized bedrooms is equipped with built-in robes, providing ample storage and a tidy aesthetic. The main bedroom offers a unique feature with direct access to the two way bathroom, ensuring a sense of privacy and ease. The heart of the home is the open plan lounge room, which is equipped with a split system air conditioner, guaranteeing year-round comfort. The modern kitchen is a chef's delight, boasting a gas cooktop, a convenient dishwasher, and a spacious pantry, all designed to make daily life a breeze. Step outside from the dining area onto the decked patio, a perfect space for relaxing or entertaining guests in a private outdoor setting. The single garage with a remote controlled door provides secure parking and direct internal access to the unit, adding an extra layer of security and convenience. This property is not only well-appointed but also low maintenance, making it an ideal "set and forget" investment or a perfect lock-up-and-leave home. The fantastic location further enhances its appeal, being just a short stroll to Woolworths, a hotel, and other essential shopping amenities. This represents a rare chance to acquire a secure, high performing asset in a blue chip location. Don't miss this opportunity to secure a valuable property for your future. Additional Property Information: Age/ Built: 2009 Land Size: Approx 280m2 Council Rates: Approx $430 per quarter Strata Information: $277 per annum Rental Appraisal: This property is currently tenanted until 06/03/2026 for $1,629.46 per month. An updated rental appraisal has been conducted of approximately $390 - $420 per week. RLA 291953

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
125 m² floor area
280 m² lot size
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Mount Gambier over the last 12 months, the estimated median property value of 3/206 Commercial Street is $419.5k.

Median value
$419.5k
Estimated value range
$335k - $574k
Median days on market
29
Estimated value trend
-17%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Mount Gambier. 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 3/206 Commercial Street

2025
Sold
Undisclosed
24 Sep 2025 by Tahlia Gabrielli, of Ray White Mount Gambier

Happy sellers in Mount Gambier

84%
84% of sellers in Mount Gambier reported that their sale price either exceeded or met their price expectations.

Mount Gambier stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 30 reviews in Mount Gambier over the last 12 months.

Local market activity for 3 bedroom apartments in Mount Gambier

In the last 12 months, 10 three-bedroom apartments similar to 3/206 Commercial Street, have been sold.

This represents a 150% decrease in three-bedroom apartments sales when compared to the previous 12 months.

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