65 Matai Road, Wanaka, Otago

Set just a short stroll from the lakefront and town centre, this outstanding property in central Wanaka delivers on both lifestyle and income potential. Built in the 1970s and thoughtfully modernised, it offers multiple living options in one of the region's most sought-after locations.

Upstairs, the main residence features three bedrooms and two bathrooms, with a warm and inviting feel that blends retro character with stylish, contemporary updates. Large windows allow an abundance of natural light, and sliding doors offer easy-flowing indoor-outdoor living. Step outside and you'll find an established, private courtyard - perfect for summer entertaining or relaxed outdoor living.

Natural materials and considered design contribute to a sense of calm and balance, creating a true harmony throughout the home. There's a seamless connection to the surrounding landscape, enhancing the feeling of privacy and place.

Downstairs, the flexibility of this property really comes into its own. A one-bedroom, one-bathroom unit offers a fantastic option for extended family, multi-generational living, or a comfortable home office - and also presents excellent potential for short or long-term rental. Beside it, a fully self-contained one-bedroom apartment has been completely renovated with bold design and funky flair - tailor-made for the modern traveller or long-term tenant seeking something with character and style. Together, these two spaces provide proven short and long-term rental returns, adding strong income potential to the property's already impressive offering. With increasing enquiry for short-term stays over the summer months, there's a prime opportunity for new owners to capitalise on the peak holiday rental season by being in before summer.

A rare bonus in central Wanaka, the property also boasts garaging for up to five vehicles, plus ample off-street parking -i deal for hosting guests or accommodating multiple tenants.

Whether you're looking for a permanent home with supplementary income, a holiday base with strong rental return, or a high-performing investment in a premium location, this property delivers. The European-inspired architecture and relaxed villa-style design give it standout street appeal - but it's the location, character, and proven yield that truly set it apart.

Properties offering this combination of charm, income potential, and walkable access to both town and lake are tightly held and rarely available. Don't miss this exceptional opportunity in the heart of Wanaka.

To download the property documents, please visit https://rwwanaka.co.nz/WNK31638#documents