38 Paterson Street

Ainslie, ACT 2602, Australia

3 bed 0 bath 1 car697m²

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Area Price Guide

$1.55m – $1.75m

Indicative price guide range

🏘️

Comparable

📊

$545,000

Area median

⚖️

+203%

vs median

📐

$2,367

Per m²

📏

697 m²

Land

🗓️

2 weeks ago

Listed

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Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

***Currently rented until December 2026 - inspections by appointment only*** Positioned in the popular and sought-after inner-north, directly opposite Corroboree Park's leafy green space, 38 Paterson Street presents a beautifully restored cottage that blends timeless character with the comfort and convenience of modern living. Thoughtfully configured into two fully self-contained residences, the property offers exceptional versatility for families, multigenerational living, or investors. The main home features two bedrooms and two bathrooms, while a separate one-bedroom, one-bathroom unit provides additional living or income opportunities. The main residence has been renovated from top to bottom and is filled with natural light. Spacious open-plan living and dining areas flow into a crisp white kitchen, creating a welcoming hub of the home. Two generously sized bedrooms include a master with a stylish ensuite, while the second bedroom is serviced by the main bathroom. At the rear, the fully renovated one-bedroom unit offers complete independence-ideal for extended family, older children, a home office or business, long-term rental, or Airbnb income. Adding further value is a bonus studio currently under construction at the back of the property. With plumbing, electrics and partitioned walls already installed, the space is ready for completion and offers endless possibilities-whether as an art studio, hobby room, golf simulator, or additional storage. A perfect opportunity for a savvy buyer to finish the project and unlock the property's full potential. Enjoy a premium lifestyle location within easy walking distance of Braddon and the City. Spend weekends picnicking, playing basketball or tennis at the park across the road, or exploring the nearby Mt Ainslie Nature Reserve. A unique and flexible offering in a prime location-don't miss your chance to secure this outstanding property. Rates: $5,550pa (approx.) Land Tax: $11,841pa (approx.) UCV: $936,000 (2025) EER: 1.5 Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.