OFF MARKET

1 Canna Street
Miles End QLD 4825

Bedrooms: 17
Bathrooms: 5
Car spaces: 12
Land area: 1414m2
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Property Details for 1 Canna St, Miles End

1 Canna St, Miles End is a 17 bedroom, 5 bathroom Unit with 12 parking spaces. The property has a land size of 1414m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Land Size
1414m2
Local Government
Mount Isa
Lot/Plan
73/MPH21968

Last Listing description (February 2024)

Available for purchase is this one of a kind 17 Bedroom residential dwelling in Mount Isa. This multi-room property would be suitable for serious investors as it has the security of a long term lease agreement and a 12.6% Gross return!

Recently renovated in 2023 by a local builder, the property is updated and requires no immediate improvements. With a low maintenance budget in the 22/23 Financial Year, the current owners have not had a large outlay in expenses to date.

The property includes:

- 17 bedrooms all including RAC aircon, king single bed, BIR and small desk; along with 125L fridge and 21 inch tv's per room.
- One of the 17 bedrooms includes a personal kitchenette and ensuite.
- Upstairs with a communal bathroom with 2 toilets and 3 showers.
- Est. 60m2 open spaced communal living area downstairs with split system cooling.
- Kitchen space including benches for storage and 2 large refrigerators.
- Downstairs bathroom with 2 toilets and basin off lounge space.
- Communal laundry area including 3 washing machines.
- Outdoor open air entertaining area.
- Undercover parking for 12 Vehicles.
- Full colourbond fence surrounds for security.

Located directly across the Barkly Highway from the Mount Isa Mines Gardenia gate entrance, 1.5km to the Railway Avenue gate entrance and under 2km from the Mount Isa CBD this property is a perfect location!

With Non-Commercial zoning, you don't have the nasty rates or insurance expenses you come to expect with other properties of this size!
*Categorised as a Class 3 Building - with a Category 36 - Intensive Accommodation 5-99 zoning

Secure long term tenants with a company lease in place until April 2025.

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Property History for 1 Canna St, Miles End, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$60,000
12 Jul 2022
Listed for Rent
$4.50k/w
31 Mar 2023
  • 14 Aug 2023
    Listed for Sale $1,399,000
  • 27 Feb 2023
    Listed for Rent - Price not available
  • 12 Jul 2022
    Sold for $60,000
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About Miles End 4825

The size of Miles End is approximately 0.9 square kilometres. It has 4 parks covering nearly 8.1% of total area. The population of Miles End in 2011 was 334 people. By 2016 the population was 276 showing a population decline of 17.4% in the area during that time. The predominant age group in Miles End is 30-39 years. Households in Miles End are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Miles End work in a trades occupation. In 2011, 69.3% of the homes in Miles End were owner-occupied compared with 61.2% in 2016.

Miles End has 201 properties. Over the last 5 years, Houses in Miles End have seen a 16.67% increase in median value. As at 31 October 2024:

  • The median value for Houses in Miles End is $244,217 while the median value for Units is $265,844.
  • Houses have a median rent of $450.
There are currently 1 property listed for sale, and no properties listed for rent in Miles end on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Miles end.

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