38 Paterson Street
Ainslie, ACT 2602

Overview

38 Paterson Street, Ainslie

Currently rented until December 2026, this charming renovated cottage is located in the popular and sought-after inner-north area, directly opposite the leafy green space of Corroboree Park. The property has been beautifully restored, blending timeless character with modern comfort and convenience.

The home is thoughtfully configured into two fully self-contained residences, offering exceptional versatility for families, multigenerational living, or investors. The main residence 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 comprehensively and is filled with natural light. Spacious open-plan living and dining areas flow seamlessly into a crisp white kitchen, creating a welcoming hub for the home. The two generously sized bedrooms include a master with a stylish ensuite, and the second bedroom is serviced by the main bathroom.

At the rear of the property, the fully renovated one-bedroom unit offers complete independence, making it ideal for extended family members, 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. It could serve as an art studio, hobby room, golf simulator, or additional storage. This presents a perfect opportunity for a savvy buyer to finish the project and unlock the property's full potential.

The location offers a premium lifestyle within easy walking distance of Braddon and the City. Residents can enjoy weekends picnicking, playing basketball or tennis at the park across the road, or exploring the nearby Mt Ainslie Nature Reserve.

This unique and flexible offering in a prime location is an outstanding property not to be missed.

• Rates: Approximately $5,550 per annum
• Land Tax: Approximately $11,841 per annum
• Unimproved Capital Value (UCV): $936,000 (2025)
• Energy Efficiency Rating (EER): 1.5

While every effort has been made to ensure the accuracy of the particulars, no warranty is given, and interested parties must rely on their own enquiries.

Location