Back 8/20 Canal Ave
Off Market

8/20 Canal Ave

Runaway Bay QLD 4216

2
2
1
Unit
Andrew WrightAndrew Wright, last sold this property on 09 August 2026 after 61 days on market.

Overview

Price Reduced ! North-Facing Lifestyle Opportunity in Prime Waterfront Precinct - Marina Birth included

Positioned in a highly sought-after location just moments from the Broadwater, this spacious north-facing apartment with one marina berth with direct Broadwater boat access presents an outstanding opportunity for investors seeking immediate income and long-term growth potential. Featuring two generous bedrooms, two bathrooms, and secure basement parking for one vehicle, the apartment offers a practical and comfortable layout designed to maximise natural light and year-round coastal breezes. The desirable north-facing aspect creates a bright and welcoming living environment while enhancing the property's appeal to quality tenants and future owner-occupiers alike. Currently leased at $750 per week until 30 September 2026, this property provides a secure rental return from day one, making it an attractive addition to any investment portfolio. Property Features: Large appointed Marina birth included with sale 2 spacious bedrooms with built-in wardrobes 2 well-appointed bathrooms, including ensuite to master Light-filled open-plan living and dining area North-facing balcony capturing sunshine and breezes Secure basement parking for 1 vehicle Strong investment credentials with tenancy in place until September 2026 Low-maintenance lifestyle in a highly desirable coastal location Located within walking distance to the Broadwater, local cafés, restaurants, parks, public transport, and shopping amenities, this apartment combines lifestyle appeal with excellent investment fundamentals. Whether you're looking to expand your portfolio or secure a future home in a premium location, this is an opportunity not to be missed.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Runaway Bay over the last 12 months, the estimated median property value of 8/20 Canal Ave is $923k.

Median value
$923k
Estimated value range
$675k - $1.54m
Median days on market
29
Estimated value trend
33%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Runaway Bay. 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 8/20 Canal Ave

2026
Sold
Undisclosed
09 Aug 2026 by Andrew Wright, of Professionals Southport
2025
Rented
Undisclosed
Leased on 21 Sep 2025 by Professionals Southport
2024
Rented
Undisclosed
Leased on 16 Sep 2024 by Professionals Southport

Happy sellers in Runaway Bay

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

Runaway Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 48 reviews in Runaway Bay over the last 12 months.

Local market activity for 2 bedroom units in Runaway Bay

In the last 12 months, 9 two-bedroom units similar to 8/20 Canal Ave, have been sold.

This represents a 45% increase in two-bedroom units sales when compared to the previous 12 months.

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