41 Waterloo Street, Joondanna WA 6060

Burgess Rawson are pleased to present to the market for sale 41 Waterloo Street, Joondanna. This fully leased investment comprises a two level apartment block of 10 apartments as well as a standalone residence all on one title. The apartments are all 1 x bedroom 1 x bathroom and the residence is a 3 bedroom x 1 bathroom. The property is 100% occupied with strong rental upside, low vacancy risk and future development potential.

The property benefits from a corner position as well as rear laneway for ease of access.

The property is offered 100% leased with the following features;

- 10 x fully leased apartments
- Additional leased freestanding house
- 2,023sqm corner land site with laneway access
- Strong rental upside
- Estimated Net Income: $168,200.14 per annum (excludes management fee)
- Projected Net Income of $260,816.14 pa (assuming $550 per week per apartment & $700 per week for the house, excludes management fee)
- Strategic corner land parcel with 50.29 metre frontage to Powell Street & 40.23 metre frontage to Waterloo Street
- Outstanding surrounding amenity and access to Perth CBD
- Zoned ‘Residential R50’
- Future Value add/development upside

Location

The property is ideally located on the corner of Waterloo Street (40.23 metre frontage) & Powell Street (50.29 metre frontage), Joondanna with rear laneway access and outstanding surrounding amenity including;

- Next door to a neighbourhood Bunnings Warehouse
- 100 metres* from nearest bus stop
- 6.3km* from Perth CBD
- 1.4km* from Mitchell Freeway exit and entry (Powis St)
- 1.9km* from ‘The Mezz’ shopping centre Mount Hawthorn
- 500m* from Scarborough Beach Road
- Outstanding access to Osborne Park Commercial & Industrial precinct

Zoning
The property resides within the City of Stirling local council and according to Local Planning Scheme No.3 is zoned ‘Residential R50’.

Legal Description
Lot 1 on Diagram 35071 Volume 89 Folio 191A

Sales Process
The property is offered for sale via Offers Invited closing at 2pm on the 3rd December 2026. The seller reserves the right to sell the property prior to this close date.

For further information please contact the exclusive selling agent Luke Randazzo on 0417 181 309.

*approx.