5 Paterson Street

Positioned on a generous 810m² allotment across two titles with a development zone of mixed housing. 5 Paterson Street presents an outstanding opportunity for developers, investors, or land-bankers seeking future growth in a high-demand South Toowoomba location. With dual-title flexibility and a wide frontage, the property offers significant potential for subdivision, redevelopment, or the addition of secondary dwellings (STCA). The level, fully fenced block with side access enhances the site's usability for future projects, making it an attractive prospect for those looking to maximise land value. The existing timber home provides a holding income or a comfortable base while planning your development. It features three bedrooms, a functional kitchen, and a spacious living area with air-conditioning. Character elements such as high ceilings and VJ walls add appeal for tenants or buyers, should you choose to renovate or retain the dwelling. Infrastructure is already in place with a single lock-up garage and a powered double bay shed, offering practical storage or workspace during any future development. Vacant and ready to lease, with strong rental upside and a projected increase in October 2026. For more information, ask the agent. Located just minutes from the Toowoomba CBD and close to key amenities including parklands, schools, medical facilities, and major transport routes, this property is ideally situated for both immediate rental demand and long-term capital growth. Whether you're looking to develop now or secure a prime site for the future, this is a rare opportunity to capitalise on location, land size, and subdivision potential.