28/199-201 Lake St, Cairns North
Listing data updated 8 June 2026
- There’s something special about being able to walk everywhere. From morning coffee along the Esplanade, ocean breezes drifting through your balcony doors, and sunset skies over the water at the end of the day. With ocean views and two private balconies, this residence captures natural light, airflow and that sense of space buyers are always searching for in CBD living. Positioned on Level 3 within the highly sought-after 201 Lake Street complex, this expansive 125m² dual-key residence offers the perfect balance of lifestyle appeal and investment intelligence. Complete with an allocated secure car space on title, it delivers everyday convenience and long-term value in one of Cairns’ most tightly held precincts. Refreshed and modernised with updated fixtures, fresh paint and new flooring, the apartment presents clean, contemporary interiors while maintaining its generous proportions and flexible dual-key layout, ideal for adaptable living or maximising rental returns. The complex is secure and well maintained, featuring a resort-style 20m swimming pool, BBQ and entertaining areas, and a rooftop common space with sweeping views. It’s easy to see why owner-occupiers fall in love and equally clear why investors recognise the strength of this location. PROPERTY HIGHLIGHTS ✔ Dual-key layout – rent as one or separately ✔ Updated flooring, paint and modernised fixtures ✔ Two private balconies with privacy shutters ✔ Air-conditioning throughout ✔ Ocean views and natural light ✔ Ensuite-style bathrooms (main with bath, second with large shower) ✔ Walk-in robe with mirrored doors ✔ Internal laundry including washer and dryer ✔ Secure parking and lift access ✔ All major electrical appliances included; furniture negotiable by agreement INVESTMENT HIGHLIGHTS Just moments from Cairns Hospital, the CBD business district, the Esplanade waterfront and James Cook University’s expanding health and nursing facilities, this property sits within one of Cairns’ most active employment and infrastructure corridors. With JCU continuing to strengthen its health and clinical training presence nearby, demand for quality accommodation close to work continues to grow. Healthcare professionals, students, allied staff and relocating workers consistently seek well-positioned, low-maintenance residences within walking distance to key services. Owners also have the flexibility to utilise onsite management for convenience or self-manage and explore short-term accommodation options such as Airbnb. The options within this complex are extensive, allowing you to tailor your strategy to suit your goals. • Council Rates: approx. $3,300 per year • Body Corporate Fees: approx. $14,900 per year For the lifestyle buyer, it’s convenience and water views. For the investor, it’s location, flexibility and numbers. Please contact me directly to arrange your private viewing and explore the opportunities available at 201 Lake Street.
RealistIQ deal score
Watch value signal
46
/100
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