40 Paterson Street, Ainslie, ACT 2602

Here's a rare chance to secure not one, but TWO fantastic properties on a single block in one of Ainslie's most desirable streets! Whether you're an investor seeking double the rental income, a live-in owner craving extra cash flow, or someone in search of a character-filled home with a bonus studio, the opportunities here are endless – and opportunities like this don't come around often!

'The Cottage – 40 Paterson Street'

Welcome to your dream cottage! Set on a tranquil, tree-lined street, this heritage-listed 2-bedroom gem perfectly balances old-world charm with modern comfort. From the moment you step into the foyer with its stunning timber floors and soaring ceilings, you'll fall in love.

The spacious living room is the ultimate cozy hangout, while the separate kitchen offers all the essentials, including a pantry, electric cooktop, and oven, to whip up your culinary creations. There's a separate laundry and toilet too, all flowing seamlessly to the sunny back deck – perfect for morning coffee or evening drinks!

Both generously sized bedrooms are serviced by a bathroom that boasts a bath and shower, plus a separate toilet for added convenience. And for car lovers, there's a single carport, plenty of driveway space, and even off-street parking.

Step outside to your own private slice of paradise! The backyard is your leafy oasis, with level lawns, privacy hedging, and all the greenery you could dream of. Whether you're hosting a barbecue or just enjoying some downtime, this serene outdoor space has you covered.

More than just a home, 40 Paterson Street is a rare find that offers charm, comfort, and a lifestyle that's pure Ainslie magic! 

'The Studio – 40A Paterson Street'

And then there's the studio – your own secret hideaway! This fully furnished 1-bedroom, 1-bathroom retreat is brimming with character. Perfect as an extra rental income stream (hello, Airbnb!), a space for a home business, or even a private haven for guests or family, this studio is the ultimate bonus!

Inside, polished concrete floors add a cool, modern vibe, while the sleek kitchen – with stainless steel appliances, including an oven and microwave – is both stylish and functional. The open-plan layout makes the most of the space, creating a light, airy feel.

The bedroom is spacious and comes complete with a walk-in robe, while the modern bathroom with shower and toilet rounds out this awesome studio. Ainslie's Best-Kept Secret

This is your chance to own a rare piece of Ainslie – two properties on one block, offering endless flexibility and income potential. Whether you're after double the rent, a charming home with a studio, or a mix of both, you won't find another opportunity like this anytime soon!

Don't wait – this rare gem won't last long!

The Numbers:
· Cottage Living Size: 93.48m²
· Rental Income: $730 per week
· Lease Agreement: 24/11/23 to 23/11/24
· Block Size: 696m²
· EER: 0.5 Stars
· Build: 1927
· Land Value: $980,000 (2023)
· Studio Living Size: 60m2
· Rental Income: $460 per week
· Lease Agreement: 12/02/24 to 11/02/25

The Lifestyle
· Approx. 7-minute walk to IGA Ainslie.
· Approx. 4-minute walk to Haig Park.
· Approx. 15-minute walk to Braddon.
· Adjacent to Corroboree Park Playground.

The Perks:
· Two properties on one block: Dual rental income or live-in with extra cash flow.  
· Heritage-listed 2-bedroom cottage with timeless charm and modern comfort.  
· Spacious living areas with high ceilings, timber floors, and a large living room.  
· Functional kitchen with electric cooktop, integrated dishwasher, oven, and pantry.  
· Two large bedrooms serviced by a shared bathroom and a separate toilet.  
· Ducted evaporative cooling and ducted gas heating throughout for year-round comfort.  
· Private backyard with lush greenery, level lawns, privacy hedging, and Wi-Fi-controlled irrigation system.  
· Ample parking with a single carport, driveway space, and off-street parking.  
· 3 x water tanks (12,000 litres total) for eco-friendly water management.  
· Fully furnished 1-bedroom retreat tucked behind the main residence.  
· Polished concrete floors with underfloor heating for added warmth and comfort.  
· Ceiling fan in the living space for extra cooling.  
· Open-plan layout with ample storage and airy atmosphere.  
· Fully equipped kitchen with stainless steel appliances, including an oven and microwave.  
· Spacious bedroom with a walk-in robe and a modern bathroom.  
· 18 x panel 5.4KW solar power system with 5KW inverter for energy efficiency.  
· Perfect for additional rental income (Airbnb potential) or guest accommodation.