Welcome to 1 Canopus Court, Kingston, an exceptional opportunity for investors, developers and buyers looking for a property with land, income and future potential.
Set on a substantial 1,012m² block with two-street frontage, this property offers a combination that is becoming increasingly difficult to find. With an established three-bedroom home, a modern approved one-bedroom granny flat and significant land, there are multiple ways to utilise the property now while exploring its potential for the future.
DEVELOPMENT POTENTIAL - TWO STREET FRONTAGE
One of the standout features of this property is the large 1,012m² block and two-street frontage, providing an excellent opportunity for buyers to investigate potential subdivision or future development options, subject to Logan City Council approval and relevant planning requirements.
The two-street frontage provides valuable flexibility and may offer potential for improved access and future development configuration.
Whether you're an experienced developer or an investor looking for a property with future upside, this is an opportunity worth investigating.
STRONG CURRENT RENTAL POSITION
The property is currently returning $875 per week, with the existing tenancy in place until 5 December 2026.
Based on the property's accommodation, land size and current rental market, there may be potential to achieve approximately $1,000-$1,050 per week in future rental income, subject to market conditions, presentation, demand and agreement with the tenant.
The combination of a substantial main residence and a separate approved granny flat creates genuine dual-living flexibility.
MAIN RESIDENCE
The front residence is a well-maintained, low-maintenance three-bedroom home featuring:
Three bedrooms
Two-way bathroom
Spacious living areas
Updated features throughout
Functional kitchen
Large entertaining area
In-ground swimming pool
Solar power
Double lock-up garage
Excellent side access
ONE-BEDROOM GRANNY FLAT
Positioned privately at the rear is an approved, fully self-contained one-bedroom granny flat, only a few years old.
The granny flat is accessed via a remote-controlled side gate and benefits from plenty of off-street parking.
This additional accommodation provides flexibility for extended family, adult children, guests or rental purposes.
THE OPPORTUNITY
For the astute buyer, this property offers several possibilities:
1. Hold and collect rental income
Continue leasing the property while benefiting from the existing dual-living configuration.
2. Explore subdivision potential
Investigate the potential to subdivide the substantial 1,012m² site, taking advantage of the two-street frontage, subject to council approval.
3. Explore future development options
The generous landholding and access configuration provide a strong foundation for investigating future development possibilities.
4. Owner-occupy and generate additional income
Live in one residence while renting the other, subject to applicable approvals and tenancy arrangements.
PROPERTY FEATURES
ÃÆ'¢Ãƒ…"" 1,012m² block
ÃÆ'¢Ãƒ…"" Two-street frontage
ÃÆ'¢Ãƒ…"" Potential subdivision opportunity - STCA
ÃÆ'¢Ãƒ…"" Three-bedroom main residence
ÃÆ'¢Ãƒ…"" Approved one-bedroom granny flat
ÃÆ'¢Ãƒ…"" Current rent $875 per week
ÃÆ'¢Ãƒ…"" Tenancy until 5 December 2026
ÃÆ'¢Ãƒ…"" Potential future rent approximately $1,000-$1,050 per week*
ÃÆ'¢Ãƒ…"" In-ground swimming pool
ÃÆ'¢Ãƒ…"" Double garage
ÃÆ'¢Ãƒ…"" Large entertaining area
ÃÆ'¢Ãƒ…"" Side access
ÃÆ'¢Ãƒ…"" Fully fenced
ÃÆ'¢Ãƒ…"" Multiple income and development possibilities
Properties offering over 1,000m² of land, two-street frontage, existing dual living and potential development upside are rarely available in Kingston.
If you're looking for a property where you can buy, hold, generate income and investigate future development potential, make sure you inspect 1 Canopus Court, Kingston.
Contact Keny Guerra Team today for further information and to arrange your inspection.
*Any future rental estimate is indicative only and subject to market conditions, property presentation, tenancy arrangements and independent rental assessment. Any subdivision or development potential is subject to Logan City Council approval, planning requirements and all relevant authorities.
