5 Fairfax Street

O'Connor ACT 2602

*By Appointment Only, Contact Agent to Book*Welcomed to the market is this rare and unique 1137m block of land, offering three homes on one block. Nestled within the charming streets of O'Connor, number 5 presents an exceptional opportunity for those seeking a property with triple income. This gorgeously appointed property has ample potential for investors or large blended families. The main residence is a spacious abode featuring three bedrooms and a one-bathroom layout with an open kitchen and dining area, completed by a separate living space and double carport. Adjacent to the main house are two self-contained units, each comprising one bedroom, a kitchen and a comfortable living area. Opportunities like these are indeed rare within the Inner North, a large 1137m block of land holding three separate residents. Ideally suited for developers, builders, investors after a long-term hold with a generous rental yield or families who perhaps want to live in one home and have a rental income on the others, the options are endless!Nestled near the renowned O'Connor shops and preschool, and conveniently close to Calvary Hospital and Radford College, this location embodies convenience. With the CBD, ANU, and light rail just minutes away, residents enjoy an enviable lifestyle.Features: Total land size of 1,137m (approx.) Three separate residences on one block Double brick (main house) Main residence features three-bedrooms Functional original kitchen with gas cooktop Large backyard 2 Self-contained units, each comprising one bedroom, a kitchen, and a living area Potential to create your dream lifestyle (subject to approval) Prime location in the Inner-North Close to schools, shops, the City Centre and recreation space Ease of access to transport links and arterial roadsEER: 0.5 StarsYear Built (main house): 1961Living: 119.84m approx.Carport: 26.50m approx.Rental estimate: $750 per week (main property)Studio 1 Rental estimate: $300 per week Studio 2 Rental estimate: $280 per weekRates: $5,437.56 per annum approx.Land Tax: $7,006.90 per annum approx. (if leased) Land Value: $1,104,000 (2023)