38 Paterson Street, Ainslie.
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. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.
Your local office.
Since opening our doors in 2016, Belle Property Canberra has grown into one of the region’s most trusted and values-driven real estate agencies. Led by Co-Principals Richard Davies and Dan McAlpine, brothers-in-law with a shared commitment to people and place, the business has evolved through almost a decade of consistent results, thoughtful service and genuine community connection.
At Belle Property Canberra, three values shape everything we do:
Integrity - We do what’s right, not what’s easy. No shortcuts. No compromises. Every client, every campaign, every decision is handled with transparency and honesty.
Care - Our clients, customers and team are at the heart of our business. We approach every interaction with empathy, diligence and respect, ensuring each person feels supported through every step of their property journey.
Family - We believe great outcomes come from great relationships. As a team that operates like family, we bring that same sense of connection and belonging to the people we work with, creating an environment where everyone is included in the day-to-day of the business.
With teams now operating across Canberra, Queanbeyan and the Snowy Mountains, we offer clients the strength of a unified network and the insight of deeply local expertise. Backed by Belle Property’s premium marketing, national reach with over 200+ offices and innovative approach, our sales and property management professionals deliver a standard of service defined by expertise and driven by results.
As we continue to grow in 2026, our expanding Canberra team will soon call 1/19 Eastlake Parade home - a new space that reflects our direction, our values and our commitment to serving the region with even greater care and capability.
Nearly a decade on, our purpose remains the same: to lead with integrity, work with care, treat people like family, and achieve exceptional results for every client we serve.
Services: Residential sales, Rural sales, Property Management & Leasing and Holiday Homes.
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