149 Shrapnel Road, Cannon Hill
Listing data updated 27 July 2026
- Inspection by appointment. An outstanding investment opportunity in a superb position, this five-bedroom, five-bathroom, two-car rooming accommodation house presents a hassle-free, high-yield addition to your portfolio just 9km from the CBD. Fully tenanted and returning $100,000+ annually, with potential for even stronger earnings in the current rental market, the residence forms a secure and sound investment with minimal operating costs and no Body Corporate. Modern, air-conditioned, and featuring a 15kW solar system, the two-storey property features five bedrooms, all with ensuites and access to private balconies or the backyard. With a communal kitchen and dining space, and parking for two cars, the residence is stylish, functional, and energy-efficient. Offering central convenience and lifestyle ease for residents, this property is positioned across the road from Cannon Hill Anglican College and bus stops, 1.1km from Cannon Hill train station, and 9km from the CBD. The local cafes, shops, petrol station and TotalFusion gym are just 900m away, and you are only 12 minutes from Westfield Carindale, 7 minutes from Cannon Hill Plaza, and 3 minutes from Morningside Central, The Hills of Rivermakers precinct and Colmslie Reserve. Property highlights include: - Rooming accommodation house (certified class 1b) - 405sqm allotment - Built in 2018 and fully tenanted - Five bedrooms, five bathrooms, two-car garage - Communal kitchen and dining area - Fully air-conditioned, ceiling fans, 15kW solar - Rates: $1,095.60 per qtr - Water: $1,442.13 per qtr - Unit 1: $400pw until 14/09/2026 - Unit 2: $410pw until 25/07/2026 - Unit 3: $385pw periodic - Unit 4: $400pw until 11/07/2026 - Unit 5: $440pw until 06/06/2026 - Building and Pest report available upon request Inspection by appointment. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
RealistIQ deal score
Neutral value signal
43
/100
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- Offers Over $1,799,000
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