Triplex Character Home + Subdivision Potential - High-Yield Investment!

Step inside this charming, triple-living Queenslander at 15 Magnolia Street, Nambour, and discover its generous investment appeal, character and versatility. The property offers the practicality of three fully self-contained residences under one roof, as well as a generous 951m2 medium-density residential block.

Inside, the home retains much of its original character, with polished timber floors, soaring high ceilings, and light-filled living areas that give a sense of space and warmth. Modern upgrades to kitchens and bathrooms ensure comfortable living, while off-street parking adds practicality.

Currently configured as a triplex and fully tenanted with a strong combined rental return of $1,265 per week, this home delivers immediate income and long-term potential. Each unit has been thoughtfully appointed with its own kitchen, bathroom, laundry facilities, and living spaces, creating excellent flexibility for savvy investors seeking strong yields, extended families or multi-generational living. With leases secured into 2026, peace of mind comes built in.

Beyond its income-producing ability, the property offers outstanding future value. The expansive block provides ample room for landscaping, entertaining, or even a secondary dwelling (STCA), while its central Nambour location places you close to schools, shops, and transport. Families will appreciate the convenience of being within minutes of Burnside State School and Nambour State College, while commuters can enjoy easy connections to the Bruce Highway and Sunshine Coast beaches.

Features at a glance:

Unit 1 - $450/week
• 2 spacious bedrooms
• Long term tenant with lease renewal in May 2026
• Renovated bathroom
• Soaring high ceilings & warm timber feature walls
• Well-appointed kitchen with ample storage
• Open-plan living/dining
• Separate laundry + storage area
• Single carport

Unit 2 - $435/week
• 2 bedrooms
• Long term tenant with lease renewal in March 2026
• Modern bathroom
• Freshly painted throughout
• Timber floors, high ceilings & classic charm
• Kitchen/dining combo

Unit 3 - $380/week
• 1 bedroom
• Long term tenant with lease renewal in January 2026
• Open kitchen/dining with ample cupboard space
• Renovated bathroom
• High ceilings, timber walls
• Separate laundry + storage

Whether you're seeking a reliable investment, a property to accommodate extended family, or a landbank opportunity for future growth, 15 Magnolia Street is a rare find. Combining immediate cash flow with character and development potential, this is a home that ticks all the boxes in one of Nambour's most convenient pockets.