Perfectly positioned in the heart of Canberra City at 20 Allara Street, Park Avenue offers the ultimate in urban convenience and lifestyle. Just steps from the Canberra Centre, Bunda Street, and the Braddon dining precinct, you'll be surrounded by vibrant cafés, premium restaurants, retail shopping, and excellent public transport. Spend your weekends exploring nearby Commonwealth Park and Lake Burley Griffin, where walking and cycling trails create a perfect balance between city life and nature. With the Australian National University and CBD only minutes away, this location delivers unmatched connectivity for both professionals and travellers alike.
With its light-filled interiors, contemporary finishes, and panoramic views from the 13th floor, Park Avenue represents an exceptional opportunity to secure a sophisticated home in Canberra's most sought-after location-where city living meets everyday comfort. Residents also enjoy access to modern communal facilities, including a state-of-the-art gym, BBQ and entertainment areas, and beautifully landscaped gardens that encourage connection and relaxation within the community.
This unit is currently managed under Airbnb, achieving high occupancy and excellent weekly returns of around $1,400. Fully furnished and set up by the Airbnb management team, the property commenced short-term rental operation in September 2025 and has demonstrated impressive booking performance in a very short period of time.
For investors seeking a high-return, hassle-free Airbnb opportunity, this is a turnkey option requiring no additional setup. Alternatively, if you wish to move in, the property can also be made available for owner occupation.
The next guest checkout is scheduled for 15 November, which will also be our next open inspection date. For more details or to discuss the Airbnb rental return, please feel free to contact me on 0416 501 205.
Features:
On Level 13
Sleek minimalist European-inspired design with premium finishes throughout
Spacious open-plan living and dining flowing to a private balcony with city and black mountian views
Light-filled bedroom with built-in wardrobe and full-height glass louvres and frosted glass screen
Designer kitchen featuring stone benchtops, Franke appliances, Parisi fixtures, and built-in microwave, oven, dishwasher, and ceramic cooktop
European-style laundry with washer and wall-mounted dryer included
Ducted reverse-cycle air conditioning to living and bedroom (no external condenser on balcony)
Deluxe bathroom with floor-to-ceiling tiling and premium fittings
Roller blinds for privacy and comfort with pelmet
Secure basement parking with storage cage and lift access
Access to state-of-the-art resident amenities, including gym, BBQ areas, and landscaped gardens
Quiet inner-city location, set back from main roads yet only steps to Canberra Centre, ANU, light rail, cafes, and parklands
Ideal for investors or professionals, offering strong rental demand and low ongoing costs
Internal size: 59 sqm approx.
Balcony size: 7 sqm approx.
Total: 66 sqm approx.
Built: Year 2021
EER: 6
Strata: $950 per quarter approx.
Rates: $ 400 per quarter approx.
Water: $180 per quarter approx.
Land tax: $450 per quarter approx. (only payable if rented)
