OFF MARKET

37/38-40 Canberra Avenue
Forrest ACT 2603

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 89m2
Land area: 1695m2
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Property Details for 37/38-40 Canberra Ave, Forrest

37/38-40 Canberra Ave, Forrest is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 1695m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
House
Year Built
2005
Floor Size
89m2
Land Size
1695m2
Local Government
Canberra Central
Lot/Plan
FORREST: Block 14, Section 26, Unit 16

Last Listing description (July 2020)

*Please be advised that given the recent outbreak of the COVID-19 all properties are able to be shown via Facetime if you do not feel comfortable attending the property or if you are unwell yourself. Please contact the agent to request a viewing.*

Located in a near perfect location on Canberra Avenue. Positioned walking distance to Manuka, Lake Burley Griffin, Kingston, the Kingston Foreshore and Parliament House, this spacious two-bedroom, two bathroom and two car space apartment is the perfect opportunity to secure a great property at a below market price.

The spacious living area becomes even bigger when the curtains are pulled back and the oversized balcony is on display. Perfect for entertainers' 'wine-ing and dining' on the balcony on a sunny afternoon or simply to wake up and have a morning coffee with a view. The kitchen excites any chef with high qualities finishes and appliances, as well as being generous in size.

The Forrest home has modern fixtures throughout, providing a light and airy feel. Both the bedrooms are substantial in size and style with both leading to another balcony/ terrace. Size is not an issue in this property! The outdoor/ indoor living balance is perfect for kids, furry friends, or someone who simply loves the outdoors while still getting the benefit of apartment living. To finish the extensive list of pros off, the home also comes w
ith two bathrooms and two car spots (very rare for this location & price!).
This rare opportunity will not last long, please call anytime for more information or to arrange a time to inspect the property.

Please note:
The building has had some waterproofing defects that are in the process of being rectified by the body corporate. There is currently an outstanding levy of $36,358.00 for this unit which is due. This is one of the reasons, along with the inconvenience of the building works that the price is as low as it is. As a point of reference this sold off the plan for $630,000.

Property History for 37/38-40 Canberra Ave, Forrest, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$490,000
02 Jul 2020
Listed for Rent
$600/w
30 Nov 2018
  • 02 Jul 2020
    Sold for $490,000
  • 22 Nov 2019
    Listed for Sale Offers Above $530,000
  • 02 Nov 2018
    Listed for Rent $600 / week
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About Forrest 2603

The size of Forrest is approximately 1.6 square kilometres. It has 7 parks covering nearly 10.1% of total area. The population of Forrest in 2011 was 1,468 people. By 2016 the population was 1,602 showing a population growth of 9.1% in the area during that time. The predominant age group in Forrest is 50-59 years. Households in Forrest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Forrest work in a professional occupation. In 2011, 69.6% of the homes in Forrest were owner-occupied compared with 62.4% in 2016.

Forrest has 1,251 properties. Over the last 5 years, Houses in Forrest have seen a 14.98% increase in median value, while Units have seen a 14.28% increase. As at 31 October 2024:

  • The median value for Houses in Forrest is $2,683,994 while the median value for Units is $837,624.
  • Houses have a median rent of $723 while Units have a median rent of $620.
There are currently 15 properties listed for sale, and 5 properties listed for rent in Forrest on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Forrest.

Suburb Insights for Forrest 2603

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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.