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23/239 Lake Street, Cairns North$399,000
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For Saleapartment

23/239 Lake Street

Cairns North, QLD 4870, Australia
$399,000
2 bed 1 bath 1 car75 m²

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About this property

Positioned on the top floor of the well-maintained Reef Gateway Apartments, this loft-style residence presents an outstanding opportunity for investors seeking strong returns in a blue-chip Cairns North location. Within walking distance to the Cairns Hospital and Esplanade, the property offers alongside a low-maintenance lifestyle. Currently tenanted at $550.00 per week until October 2026, it offers a secure, set-and-forget investment with immediate income. Property Profile: • Unique loft-style apartment • Two well-sized bedrooms • Functional kitchen with ample storage • Open plan living and dining • Central bathroom with combined laundry • Air-conditioned for year-round comfort • NBN connected • Undercover car parking • Rental Income: Currently achieving $550.00 per week until October 2026 Complex Features: • Resort-style swimming pool with covered entertainment area • Onsite manager Cairns North continues to be one of the region's most desirable inner-city suburbs, known for its proximity to the CBD, Esplanade, hospital, and everyday amenities. With its unbeatable location, solid rental return, and desirable complex amenities, this property represents an exceptional opportunity to secure a quality investment or future residence in thriving Cairns North. Contact 'The Ray Murphy Team' today to register your interest! Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
75 m²
Listed
3 months ago

Repayment calculator

$1,934/month
$967 /fortnight
Loan $319,200 at 6.10% over 30 years

Upfront costs

Deposit$79,800
Stamp duty$12,390
Conveyancing (est.)$2,000
Total upfront$94,190
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cairns North

This 2-bedroom apartment in Cairns North, QLD 4870 sits within reach of public transport, local shops and nearby schools. It is listed 27% below the $545,000 median of 60 comparable apartmentswithin 5 km.

Schools near Cairns North

  • Mother of Good Counsel Schoolprimary · Prep-6 · CoEd
  • Cairns State High Schoolsecondary · 7-12 · CoEd

What's nearby

  • Sherdian Street at McKenzie Street (bus)593 m away
  • Liquorland323 m away
  • Les Davie Park290 m away
  • Unnamed361 m away
  • Apex Park410 m away

Cairns North at a glance

Full suburb profile
Population
5,334
Median age
37
Household income
$1,402/wk
Median rent
$340/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Cairns North price trend

Median sold · Unit 2 bed

Compound growth +14.1% / yr over 4 yrs

$450kcurrent median

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Price history

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Within 5km

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