2001/3 LAKE TERRACE WEST
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About this property
Welcome to 2001/3 Lakes Terrace West, Mount Gambier, a stylish two-bedroom, two bathroom apartment offering exceptional comfort, security, and breathtaking views across the city. Step inside and be greeted by a spacious open-plan kitchen, dining, and living area, designed to maximise natural light and connect seamlessly to the wrap-around balcony the perfect spot to relax while taking in the sweeping vistas. The well-appointed kitchen features electric cooking, a dishwasher, and a walk-in pantry, catering to both everyday living and hosting with ease. Both bedrooms are generous in size, with the master including a private ensuite and walk in robe for added convenience. Bedroom 2 with built in robe. Additional features include: Single garage with roller door Secure basement storage space Prime location close to the city centre and local amenities Currently tenanted at $515 per week until August 2026 Private inspections by appointment only - please call to arrange Experience low-maintenance living at its finest in one of Mount Gambier's most desirable apartment complexes. Additional Property Information: Strata Administration Fund: approx. $1,535 per quarter Strata Sinking Fund: approx. $371 per quarter Rental Appraisal: approx. $TBC per week Council Rates: approx. $440.87 per quarter Speak with the Property Management team at Complete Real Estate about managing this property.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 2
- Parking
- 1
- Listed
- 2 months ago
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Neighbourhood
Living in Mount Gambier
This 2-bedroom apartment in Mount Gambier, SA 5290 sits within reach of public transport, local shops and nearby schools. It is listed 5% below the $549,000 median of 60 comparable apartmentswithin 5 km.
Schools near Mount Gambier
- Gordon Education Centrecombined · U · CoEd
- St Martins Lutheran Collegecombined · R-12 · CoEd
- Tenison Woods Collegecombined · R-12 · CoEd
- McDonald Park Schoolprimary · U, R-6 · CoEd
- Melaleuca Park Primary Schoolprimary · U, R-6 · CoEd
- Mount Gambier North Primary Schoolprimary · U, R-6 · CoEd
What's nearby
- Unnamed (bus) — 1.2 km away
- Bannister and Son Locksmith — 1.2 km away
- Unnamed — 150 m away
- Unnamed — 510 m away
- Unnamed — 664 m away
Mount Gambier at a glance
Full suburb profile- Population
- 25,591
- Median age
- 41
- Household income
- $1,197/wk
- Median rent
- $220/wk
- Median mortgage
- $1,083/mo
Source: ABS Census.
Due diligence
Property Report
Future Development
Mount Gambier development activity is characterised by steady regional growth with emphasis on residential subdivision, city centre revitalisation, and tourism infrastructure tied to natural attractions. The council is driving urban consolidation and industrial expansion to support the region's agricultural, manufacturing and tourism base. Development pace is moderate reflecting a regional centre with stable but modest growth.
Nearby projects
5
Closest
0 km
Mount Gambier City Centre Revitalisation
Distance from this property is exact (rings = km). Direction is illustrative.
Mount Gambier City Centre Revitalisation
0 kmCouncil-led streetscape and retail precinct upgrade focusing on Main Street and civic precinct improvements.
2025-2026
Limestone Coast Tourism Infrastructure Grant
1.5 kmState and local government-backed hospitality and visitor centre project near Blue Lake precinct.
2025-2026
Residential DA - Mount Gambier South
2.1 kmSenior living and aged care facility proposal reflecting regional demographic trends and service gaps.
Southern Ranges Estate Stage 2
3.5 kmMedium-density residential subdivision with 80-120 allotments targeting first-home buyers and families.
2025
Mount Gambier Industrial Precinct Expansion
4.2 kmLight industrial zoning expansion with road and utilities infrastructure to support logistics and manufacturing operations.
Suburb market
Suburb price trend
Mount Gambier price trend
Median sold · Unit 2 bed
Compound growth +19.1% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Mount Gambier marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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