307/175 Lake Street, Cairns City QLD 4870

Ground floor | rare 2-bedroom config | 3 car spaces | short-stay demand This unit stands out for its unusual combination of a ground-floor position, three car spaces, and being the only two-bedroom apartment in its complex—a configuration that creates genuine scarcity in Cairns City. The 115–119 m² floor area is generous for a two-bedroom, and the ground-floor access removes lift dependency while adding convenience for families or investors targeting short-term rental returns. The property is best suited to buyers seeking a dual-purpose holding: owner-occupiers wanting space and parking, or investors aiming to capture holiday demand in a central location with a differentiated floor plan. The primary risk is the unresolved price gap between the reported $450,000 listing and the $617,000 estimate, which signals either an under-priced campaign or an over-optimistic valuation—clarity on the final sale price is essential before proceeding. Body corporate fees, holiday letting restrictions, and whether the three car spaces are exclusive use or on title require confirmation, as these directly affect net yield and resale appeal. The changing listing status from auction to under contract suggests the property may have been withdrawn or sold, so verifying current availability is the first step.