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411/532-544 Ruthven Street, Toowoomba City$670,000
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411/532-544 Ruthven Street

Toowoomba City, QLD 4350, Australia
$670,000
3 bed 2 bath 1 car

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About this property

Positioned in the heart of Toowoomba's CBD, this is a standout opportunity that rarely comes to market. This cleverly designed interconnecting dual-key apartment delivers the ultimate blend of lifestyle and income, all within steps of the city's best cafés, shopping, dining, and nightlife. Set on the fourth floor with elevated views across Ruthven Street Park and the iconic City Hall, this fully renovated property offers two self-contained residences under one title, perfectly suited for savvy investors or owner-occupiers looking to offset their mortgage. Live in one and rent the other or maximise returns by leasing both, the flexibility here is the real gamechanger. With strong rental demand in this prime inner-city pocket, the potential for dual income is immediate and compelling. Both apartments have been stylishly updated with modern kitchens, sleek bathrooms, and fresh flooring, meaning there's nothing to spend and everything to gain. Whether you're chasing high-yield investment performance or a smart city lifestyle with built-in income, this rare dual-key configuration ticks every box. Central, versatile, and income-generating...opportunities like this are few and far between. Property Highlights: - - Rare interconnecting apartment unit offering dual income potential - Option to live in the 1 x apartment and rent the other apartment out - Inner City convenience, central to multiple shops, restaurants and bars - Both apartments with renovated kitchens, bathrooms and new flooring - A total of 100m2 of usable living space between both apartments Apartment 422: - - Renovated kitchen with electric appliances including dishwasher - Open plan living and dining room with built-in bench seating to dining - Two built-in bedrooms with new carpets and city views through windows - Renovated bathroom with large corner shower and floor to ceiling tiles - Ceiling Fans throughout and reverse cycle air conditioning in living room - Laundry room, South facing balcony, secure parking space for 1 x vehicle - Rental income of up to $550per week, higher return potential if furnished - Option to live in and continue renting apartment 421 for additional income Studio Apartment 421: - - Renovated kitchenette with electric cooktop, rangehood and bar fridge space - Open plan bedroom/living with reverse cycle air conditioning and ceiling fan - Renovated bathroom with large walk-in shower and floor to ceiling tiles - Laundry cupboard, renting furnished for $380per week until mid-June 2026 - Option to live in and rent out apartment 422, current tenant happy to stay on Onsite Facilities: - - Heated swimming pool, spa, BBQ area and gymnasium

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
3
Bathrooms
2
Parking
1
Listed
1 month ago

Repayment calculator

$3,248/month
$1,624 /fortnight
Loan $536,000 at 6.10% over 30 years

Upfront costs

Deposit$134,000
Stamp duty$23,175
Conveyancing (est.)$2,000
Total upfront$159,175
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 Toowoomba City

This 3-bedroom apartment in Toowoomba City, QLD 4350 sits within reach of public transport, local shops and nearby schools. It is listed 24% below the $879,000 median of 59 comparable apartmentswithin 5 km.

Schools near Toowoomba City

  • The Industry School - Toowoombasecondary · 10-12 · CoEd

What's nearby

  • Toowoomba bus station stop 2C (bus)372 m away
  • Big W296 m away
  • Art Gallery Park93 m away
  • Village Green107 m away
  • East Creek Park 1565 m away

Toowoomba City at a glance

Full suburb profile
Population
2,321
Median age
41
Household income
$1,084/wk
Median rent
$255/wk
Median mortgage
$1,355/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Toowoomba City price trend

Median sold · Unit 2 bed

Compound growth +14.6% / yr over 4 yrs

$500kcurrent median

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