OFF MARKET

40 Paterson Street
Ainslie ACT 2602

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 697m2
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Property Details for 40 Paterson St, Ainslie

40 Paterson St, Ainslie is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1927. The property has a land size of 697m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last transferred in November 2010.

Building Type
House
Year Built
1927
Floor Size
95m2
Land Size
697m2
Local Government
Canberra Central
Lot/Plan
AINSLIE: Block 5, Section 3

Last Listing description (September 2024)

Here's a rare chance to secure not one, but TWO fantastic properties on a single block in one of Ainslie's most desirable streets! Whether you're an investor seeking double the rental income, a live-in owner craving extra cash flow, or someone in search of a character-filled home with a bonus studio, the opportunities here are endless and opportunities like this don't come around often!

'The Cottage 40 Paterson Street'

Welcome to your dream cottage! Set on a tranquil, tree-lined street, this heritage-listed 2-bedroom gem perfectly balances old-world charm with modern comfort. From the moment you step into the foyer with its stunning timber floors and soaring ceilings, you'll fall in love.

The spacious living room is the ultimate cozy hangout, while the separate kitchen offers all the essentials, including a pantry, electric cooktop, and oven, to whip up your culinary creations. There's a separate laundry and toilet too, all flowing seamlessly to the sunny back deck perfect for morning coffee or evening drinks!

Both generously sized bedrooms are serviced by a bathroom that boasts a bath and shower, plus a separate toilet for added convenience. And for car lovers, there's a single carport, plenty of driveway space, and even off-street parking.

Step outside to your own private slice of paradise! The backyard is your leafy oasis, with level lawns, privacy hedging, and all the greenery you could dream of. Whether you're hosting a barbecue or just enjoying some downtime, this serene outdoor space has you covered.

More than just a home, 40 Paterson Street is a rare find that offers charm, comfort, and a lifestyle that's pure Ainslie magic!

'The Studio 40A Paterson Street'

And then there's the studio your own secret hideaway! This fully furnished 1-bedroom, 1-bathroom retreat is brimming with character. Perfect as an extra rental income stream (hello, Airbnb!), a space for a home business, or even a private haven for guests or family, this studio is the ultimate bonus!

Inside, polished concrete floors add a cool, modern vibe, while the sleek kitchen with stainless steel appliances, including an oven and microwave is both stylish and functional. The open-plan layout makes the most of the space, creating a light, airy feel.

The bedroom is spacious and comes complete with a walk-in robe, while the modern bathroom with shower and toilet rounds out this awesome studio. Ainslie's Best-Kept Secret

This is your chance to own a rare piece of Ainslie two properties on one block, offering endless flexibility and income potential. Whether you're after double the rent, a charming home with a studio, or a mix of both, you won't find another opportunity like this anytime soon!

Don't wait this rare gem won't last long!

The Numbers:
Cottage Living Size: 93.48m
Rental Income: $730 per week
Lease Agreement: 24/11/23 to 23/11/24
Block Size: 696m
EER: 0.5 Stars
Build: 1927
Land Value: $980,000 (2023)
Studio Living Size: 60m2
Rental Income: $460 per week
Lease Agreement: 12/02/24 to 11/02/25

The Lifestyle
Approx. 7-minute walk to IGA Ainslie.
Approx. 4-minute walk to Haig Park.
Approx. 15-minute walk to Braddon.
Adjacent to Corroboree Park Playground.

The Perks:
Two properties on one block: Dual rental income or live-in with extra cash flow.
Heritage-listed 2-bedroom cottage with timeless charm and modern comfort.
Spacious living areas with high ceilings, timber floors, and a large living room.
Functional kitchen with electric cooktop, integrated dishwasher, oven, and pantry.
Two large bedrooms serviced by a shared bathroom and a separate toilet.
Ducted evaporative cooling and ducted gas heating throughout for year-round comfort.
Private backyard with lush greenery, level lawns, privacy hedging, and Wi-Fi-controlled irrigation system.
Ample parking with a single carport, driveway space, and off-street parking.
3 x water tanks (12,000 litres total) for eco-friendly water management.
Fully furnished 1-bedroom retreat tucked behind the main residence.
Polished concrete floors with underfloor heating for added warmth and comfort.
Ceiling fan in the living space for extra cooling.
Open-plan layout with ample storage and airy atmosphere.
Fully equipped kitchen with stainless steel appliances, including an oven and microwave.
Spacious bedroom with a walk-in robe and a modern bathroom.
18 x panel 5.4KW solar power system with 5KW inverter for energy efficiency.
Perfect for additional rental income (Airbnb potential) or guest accommodation.

Property History for 40 Paterson St, Ainslie, ACT 2602

A timeline of how this property has performed in the market
Last Transferred
26 Nov 2010
Listed for Rent
$730/w
22 Nov 2023
  • 05 Sep 2024
    Listed for Sale Floriade Auction 29/09/2024
  • 15 Nov 2023
    Listed for Rent $730 / week
  • 21 Oct 2017
    Listed for Rent $240 / week
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About Ainslie 2602

The size of Ainslie is approximately 3.5 square kilometres. It has 19 parks covering nearly 9.3% of total area. The population of Ainslie in 2011 was 5,104 people. By 2016 the population was 5,190 showing a population growth of 1.7% in the area during that time. The predominant age group in Ainslie is 40-49 years. Households in Ainslie are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ainslie work in a professional occupation. In 2011, 57.5% of the homes in Ainslie were owner-occupied compared with 57.7% in 2016.

Ainslie has 2,272 properties. Over the last 5 years, Houses in Ainslie have seen a 44.56% increase in median value, while Units have seen a 72.60% increase. As at 30 September 2024:

  • The median value for Houses in Ainslie is $1,500,103 while the median value for Units is $1,178,840.
  • Houses have a median rent of $773 while Units have a median rent of $735.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Ainslie on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Ainslie.

Suburb Insights for Ainslie 2602

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.