49 Totara Terrace, Wānaka, Wānaka

Home, income and lake views

This expansive 308sqm (approx) 2006 home offers 360-degree views from the very top of Totara Terrace, including striking lake views. It offers outstanding flexibility and serious development potential in a sought-after location. Only a four-minute (approx) drive to central Wanaka's amenities, and even closer to the lake itself, this property provides an exceptional opportunity.
The home itself boasts a spacious layout, ideal for extended families or as a lucrative home and income setup with a robust, low-maintenance build and double glazing throughout. Upstairs, the main home features three bedrooms, two bathrooms, a separate laundry, as well as a large open plan living area. The main living room leads out to a large deck, allowing you to fully take in the panoramic views. Downstairs, the oversized garage boasts an office/workshop as well as a separate toilet.
Also downstairs, a 70sqm (approx) two-bedroom, one bathroom flat with private entrance is perfect for supplemental income, with short-term accommodation or long-term rental opportunities.
Set on a generous 1,012sqm (approx) section, there is potential for further subdivision of the site (subject to council approval), providing further versatility and opportunity. Close to Kellys Flat Reserve and bordering Wanaka Primary School, this property is also ideal for young families. Contact Woodrow Ross on 027 527 9690 or at woodrow.ross@bayleyswanaka.co.nz for more information or to view. Deadline Private Treaty (unless sold prior) 4pm, Wed 30 Jul 2025, 62 Ardmore Street, Wanaka.