There are few opportunities left like this in Scarborough. Positioned just metres from the glistening waterfront and set on a commanding 716m² corner block, 109 Prince Edward Parade offers immediate income, future flexibility, and untapped development upside – all in one of North Brisbane’s most desirable coastal postcodes.
This is the kind of property you’ll look back on in 10 years and wish you’d bought.
Prime Coastal Location & Lifestyle
– Moments from Moreton Bay – Just one street back from the shoreline, with easy access to the beach, marina, cafes, and the vibrant Scarborough village.
– Elevated Corner Allotment – With dual street frontage and leafy street appeal, the position offers excellent design flexibility and natural light, with Unit 1 demanding beautiful ocean views.
– Walkable Lifestyle – Minutes to schools, restaurants, parks, and walking paths – a tightly held pocket favoured by both locals and developers.
Rare Multi-Income Investment
– Three Separate Flats – Each residence offers 2 bedrooms, 1 bathroom, and a dedicated car space, ideal for steady income or future reconfiguration.
– Live-In or Lease-Out – With vacant possession available, buyers can move into one flat while leasing the others, or rent all three for maximum yield.
– Low Supply, High Demand – Scarborough’s rental market is booming, with low vacancy and high competition for well-located homes near the water.
Development Potential & Zoning Upside
– Next Generation Neighbourhood Zoning – Allowing for buildings up to 12m in height (subject to council approval), unlocking significant redevelopment potential.
– Flexible Use Options – Continue to lease as-is, renovate to elevate returns, or design a landmark project in a blue-chip location.
– Scarborough’s Growth Story – Strong capital gains, increasing demand, and ongoing gentrification continue to drive interest in high-quality coastal assets.
Solid Foundations & Future Security
– Durable Brick Construction – A classic build with minimal maintenance required, ideal for long-term investors or developers holding for the right timing.
– Easy Management – No body corporate, no lifts or shared services, and separate meters, providing simplicity and control.
– Diverse Appeal – From owner-occupiers looking to secure their slice of Scarborough to developers eyeing a coastal project, the site suits a wide array of buyers.
A Trophy Site with Options
Whether you’re looking to:
– Landbank in a high-growth coastal corridor,
– Generate income while you plan your build,
– Or create a boutique development just steps from the bay…
This is one of those rare chances where position, zoning, and income all align.
