Positioned literally within walking distance of the Cairns CBD and with schools and major shopping within a 500m* radius, this rare 8 bedroom home offers a size and flexibility rarely seen in this location with options to maximise income, make a home of your own or both. Starting upstairs, the property offers traditional Queenslander features, with high ceilings, timber floors and casement windows across large living, separate dining, 4 bedrooms (2 oversized) and the bathroom and separate toilet. The kitchen is classic but functional with modern appliances, and opens out to a large, covered deck looking towards the city and mountains. Downstairs, the property has been lifted to above legal height, and presents a more modern feel across a further 4 bedrooms, plus bathroom and separate toilet as well as a 2nd fully equipped kitchen and neat laundry. A second undercover area to the rear flows out to the in-ground pool and maintenance requirements are kept to a minimum with the block raised and concreted for easy vehicle access and storage. To the rear of the main house, a modern American barn style colourbond shed offers 3 bays, 2 with roller doors (1 high clearance) and a third with glass sliding doors. Plenty of flexibility for locking up the toys, and combined with the 2 off-street spaces at the front of the home, offers parking for up to 5 vehicles. Currently an approved and registered sharehouse/hostel (not operating), the property can be put to work straight away with an estimated rental of $200-$250 per room, per week. Alternatively, the property is separately metered upstairs and down and could provide for 2 separate residences, or a supersized home with a pool and shed - how often do you find that in the middle of the city?! Features: -Council approved sharehouse -Located close to Cairns Central Shopping Centre & CBD -Each level fully self contained -Suitable for long or short term rentals -On-site car parking -405m2* freehold Inspections are by appointment. Contact Tom Quaid at Colliers. *approximately All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries. Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.