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Back 38 Paterson Street
Off Market

38 Paterson Street

Ainslie ACT 2602

3
3
1
697 m²
House
Last sold for $1,285,000
Steve WhitelockSteve Whitelock, last sold this property on 06 May 2026 after 55 days on market.

Overview

Charming Renovated Cottage with Flexible Living & Income Potential

***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. Please note that some images used across Belle Property listings may include digital enhancement for presentation purposes. Buyers are encouraged to refer to the advertising copy or speak with the listing agent for further clarification where required. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.

Features

3 bedrooms
3 bathrooms
1 carspace
1 open car space
697 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Ainslie over the last 12 months, the estimated median property value of 38 Paterson Street is $1.35m.

Median value
$1.35m
Estimated value range
$950k - $1.79m
Median days on market
28
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ainslie. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 38 Paterson Street

2026
Sold
$1,285,000
06 May 2026 by Steve Whitelock, of Belle Property Canberra
2024
Rented
Undisclosed
Leased on 29 Nov 2024 by Belle Property Canberra
2023
Rented
Undisclosed
Leased on 17 Aug 2023 by Belle Property Canberra

Happy sellers in Ainslie

90%
90% of sellers in Ainslie reported that their sale price either exceeded or met their price expectations.

Ainslie stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Ainslie over the last 12 months.

Local market activity for 3 bedroom houses in Ainslie

In the last 12 months, 32 three-bedroom houses similar to 38 Paterson Street, have been sold.

This represents a 6% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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Kostya Logvinov

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Jacob Stanton

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