3/51 Elizabeth Street Toowong QLD 4066

Rare 3-car park unit|145m² lot rarity|2007 build holds value|Elevated Toowong pocket| $1.2M est value. This two-bedroom apartment on a 145sqm lot with three car spaces suits downsizers or professionals valuing privacy and parking in an inner-city setting. Its generous lot size stands out among typical units offering just strata access, providing scope for private outdoor living without townhouse maintenance demands. Positioned in a quiet elevated spot, it blends street-level appeal with apartment convenience, away from busier Toowong traffic. Buyers drawn to similar properties here often include couples or investors seeking low-maintenance holdings near top schools like Toowong State and Indooroopilly High. In the local market, two-bedroom units with this parking and lot combo have shown steady performance, buoyed by rental yields around $780 weekly. The 2007 construction aligns with durable post-2000s standards, minimising near-term renovation needs. No flood overlays add to its safety profile, while a minor bushfire note is standard for the area and rarely impacts value. Long-term, the residential zoning and school catchments underpin holding appeal as Toowong’s professional demand persists. Comparable sales suggest resilience even in softer markets, positioning this as a pragmatic choice over smaller footprint rivals.