Back 40/39 Eastlake Parade
Off Market

40/39 Eastlake Parade

Kingston ACT 2604

2
2
2
Unit
Last sold for $880,000
Mark LarmerMark Larmer, last sold this property on 24 June 2026 after 153 days on market.

Overview

Penthouse living with Northerly outlook into Kingston Harbour and towards Jerrabomberra Wetlands

Discover a rare opportunity to secure a beautifully positioned Penthouse apartment with uninterrupted water views, set high along the edge of the bustling Kingston Foreshore. With over 100m² of light-filled living and a generous 19m² terrace, this executive residence delivers modern interiors, quality finishes and a layout that shares just one neighbouring wall. Extra windows offer more natural light, while the living areas, terrace and main bedroom all soak up stunning water views you'll never tire of. Step outside and embrace the ultimate waterfront lifestyle, with popular cafes, bars and restaurants just moments away. Walk, run or ride around the lake, hit a nearby gym, launch a kayak or enjoy a relaxed GoBoat picnic with friends. Prefer something slower? Pour a glass of wine and unwind on your private terrace as the sun sets and boats drift by. Residents also enjoy access to two rooftop terraces with BBQs, seating, WiFi and sweeping northern water views-perfect for entertaining friends and family year-round. All this, with the calm and quiet that makes Kingston Foreshore one of Canberra's most sought-after places to live. Get a glimpse into your new lifestyle by watching our detailed walk-through video prior to your inspection (and after!). It's our 24/7 salesperson, allowing you to get an excellent feel for the features and benefits of this unit including the living quarters, common area facilities, car parking and lock up storage. It's the most informative property video you will watch during your search… To receive a copy of the digital brochure containing an explanation of our friendly sales campaign, the contract and much more, please fill out the enquiry form on this listing and you will be automatically emailed a link with this information. Please be sure to check your junk folder! Apartment Features: • Largest and highest 2-bedroom floorplan in the Element development • Only one adjoining neighbour plus three extra side windows for added privacy • Sunny northerly aspect from the 4th and 5th levels • Elevated, uninterrupted water views across Kingston Harbour to the Jerrabomberra Wetlands • Large terrace off living areas via stacking sliding doors with remote-operated blinds • Double-glazed doors and windows for strong thermal and acoustic performance • Kitchen with stone benchtops, mirrored splashback cupboards, black Miele oven and cooktop with externally ducted rangehood, plus integrated fridge/freezer and dishwasher • Laundry with combined washer/dryer included • Under-stair storage cupboards • Ducted reverse-cycle air conditioning downstairs, wall-mounted units in both upstairs bedrooms, with condensers on the roof • Full wall of sliding doors, built-in robes to both bedrooms, wall-mounted TV in main bedroom • Main bathroom and ensuite with full-height tiling, shower, toilet, vanity with under-storage and mirrored cabinets • Hybrid timber flooring to living areas, carpet upstairs, tiles in wet areas • 2.8m exposed concrete ceilings in living area for enhanced sense of space • Two side-by-side basement car spaces with generous lockable storage enclosure nearby The numbers (approx): • Internal living area: 102m2 • Terrace: 19m2 • Height in building: levels 5 and 6 (top 2 floors) • Age of unit: 10.5 years (building completed August 2015) • Strata levies: 11,237 p.a. • General Rates: $2,881 p.a. • Water & sewerage rates: $804 p.a. • Land Tax: $3,835 p.a. • Rental potential (unfurnished 12m lease): $900/week • EER: 6 out of 6 stars • Sinking fund balance as of 31/12/2025: $170,883 • Admin fund balance as of 31/12/2025: $647,890 • Name of development: Element • Builder: Chase Construction • Architect: Cox Architecture • Strata manager: Grady Strata and Facilities Management – phone 62511214 • Units plan number: 4146 • 140 residential units in total spread over 2 distinct buildings Element Development Features: • Prime waterfront position on Kingston Foreshore promenade, permanently protected from being built out • Ground-floor commercial (26 units) with 140 residential apartments across levels 2–5 • Two resident rooftop terraces with BBQs, seating, WiFi and direct harbour views • Number-plate recognition access and smart lighting to car spaces • Glass lifts with water views from basement and foyer to all levels • Video intercom entry plus security and surveillance throughout • 8-person cinema room • Rubbish chute on every level • FTTP internet, CAT6 cabling throughout and Foxtel connectivity • Pet-friendly (subject to strata notification) • Solar panels and rainwater harvesting • Intelligent lighting and energy monitoring systems • Secure bike storage enclosure in basement To help buyers, we offer the following:  • We provide a solicitor who can review the marketing contract for FREE and provide a FREE Section 17 certificate to waive your cooling off if you want to submit an unconditional offer  • Help amending any conditions in the contract such as organising an occupation agreement or variation of settlement dates  • 5% deposit pre-approved • Free valuation(s) on other properties you own to help establish your current equity base and assist with your finance approval

Features

2 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Kingston over the last 12 months, the estimated median property value of 40/39 Eastlake Parade is $678.75k.

Median value
$678.75k
Estimated value range
$570k - $1.25m
Median days on market
49
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Kingston. 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 40/39 Eastlake Parade

2026
Sold
$880,000
24 Jun 2026 by Mark Larmer, of Suburbia Real Estate - Mark Larmer & Aaron Lewis
2018
Rented
Undisclosed
Leased on 09 Jan 2018 by Belle Property Canberra

Happy sellers in Kingston

85%
85% of sellers in Kingston reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 78 reviews in Kingston over the last 12 months.

Local market activity for 2 bedroom units in Kingston

In the last 12 months, 19 two-bedroom units similar to 40/39 Eastlake Parade, have been sold.

This represents a 18% decrease in two-bedroom units sales when compared to the previous 12 months.

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