& 21 Russell Street

Wanaka | Otago

Where Security

Surrounds Space

View Photos Watch Film 360° VTour Open House

Guy Alty

Presented At

$4,200,000

Bedrooms

Bathrooms

Living

4,414

SQFT

Stone Countertops

Air Conditioning

Bar

Gas Stovetop

Terrace

Balcony

Garden

Vineyard / Winery

Pool

Water View

Lakefront

Waterfront

Mountain View

Privacy

Investment Property

Equestrian

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19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand. - Photo 6

19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand. - Photo 7

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& 21 Russell Street

Wanaka | Otago

19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand. , Wanaka , Otago

19 & 21 Russell Street, Wanaka

Whether continuing to capitalise on its proven income or exploring new possibilities, the flexibility of this site will appeal to investors, developers and land bankers alike. Located within the heart of downtown Wānaka, just moments from the lakefront, this rare dual-title offering presents an exceptional opportunity to secure a blue-chip investment with multiple income streams and long-term upside. Comprising two adjoining freehold properties totalling approximately 1,611 sq m (more or less), the site features a four-bedroom dwelling with self-contained flat, plus an established 40-bed accommodation business, Wanaka Backpackers Bothy. Both are well-maintained, fully tenanted, and generating strong returns. The location of this property parcel amongst central amenities gives many options to maximise your asset. Zoned for high-density residential use, and further development possibilities under the incoming Urban Intensification Variation to the QLDC Proposed District Plan, this is a compelling canvas for future redevelopment or mixed-use design. Don’t delay calling us to acquire this strong foothold within the Wanaka investment market. 0800 4 ALTYS Sale includes: •19 Russell Street – 853 sq m (more or less) land with two level dwelling •21 Russell Street – 758 sq m (more or less) land with accommodation buildings and business •The Bothy Backpackers (operating as a going concern) Price: Plus GST (if any) Property Files: [hidden information] *Boundary lines indicative only *Some images digitally enhanced

Exterior

Property

Gallery

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Property Location

19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand., Wanaka Otago

Local Weather & Climate

Wanaka, Otago

Current Conditions Updated recently

61 °F

Overcast clouds

Feels Like 61°F

Humidity 80%

Wind 4 mph

Visibility 6.2 mi

Sunrise 6:42 PM

Sunset 7:01 AM

5-Day Forecast

Tue 17 Mar

Clouds

High 61°

Low 61°

Wed 18 Mar

Clear

High 68°

Low 49°

Thu 19 Mar

Clear

High 70°

Low 50°

Fri 20 Mar

Clouds

High 62°

Low 51°

Sat 21 Mar

Clouds

High 66°

Low 53°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Wanaka?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

NZ$

Down Payment

NZ$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for New Zealand. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on New Zealand tax year 2025 (fiscal year: April-March), rules effective from 2021. Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$4,200,000

19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand.

Wanaka, Otago

12 Beds

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Market Opinion

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Our perspective on current market conditions in Wanaka. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $420,000,000 20% down ($84,000,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$36,091/day

Your home may appreciate while you sleep

$253,328/week $1,097,753/mo $13,173,033/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$231.1M

+$327.8M

$327.8M Potential Equity

vs $231.1M lost to rent over 10 years

$84.0M Down Payment Growth

3.9x

10yr

$327.8M

8.1x

20yr

$678.7M

12.6x

30yr

$1,060.7M

Wealth Comparison

×2,526

Equivalent to 2,526 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $1,060.7M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $494.6M +18%

Market $572.0M +36%

Optimistic $660.0M +57%

$327.8M est. equity

20 Years

Conservative $582.5M +39%

Market $778.9M +85%

Optimistic $1,037.2M +147%

$678.7M est. equity

30 Years

Conservative $686.0M +63%

Market $1,060.7M +153%

Optimistic $1,630.0M +288%

$1,060.7M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand have?

This other at 19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand features 12 bedrooms with 4,414 square feet of living space.

What is the size of 19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand?

This property offers 4,414 square feet of living space.

What is the listing price for 19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand?

This property is listed at $420,000,000, which equals $95152 per square foot.

Is now a good time to buy a home in Wanaka?

Based on current market indicators, Wanaka shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 19 & 21 Russell Street, Wanaka, OTA 9305, Wanaka, Otago, New Zealand?

This is a other located in Wanaka, Otago. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: