510 Northbourne Avenue, Downer.
Strategic Inner-North Asset: Income Now, Redevelopment Power Later
With rezoning discussions already progressing (STCA), 510 Northbourne Avenue offers a standout redevelopment or future-proofing opportunity in one of Canberra’s most strategically connected urban corridors. Positioned along the high-exposure light-rail spine and moments from cafés, shops, universities and key employment hubs, the property delivers exceptional long-term potential for investors or developers seeking position, scale and future upside. Adding further strength to the proposition, the residence currently functions as a dependable rental asset, providing a stable income stream while larger plans are explored. Set on a 724sqm block, the property comprises a 4-bedroom, 2-bathroom main home paired with a completely separate 2-bedroom self-contained addition. The secondary dwelling includes its own kitchen, bathroom and private entry, and has been purpose-designed to be accessible for special-needs living, making it ideal for supported accommodation, multigenerational arrangements or strong rental returns. Generous communal areas within the main home further enhance usability, while a two-car garage and additional off-street parking add everyday practicality. Whether held as a reliable, high-yield performer, strategically land-banked or redeveloped into a significant future project, 510 Northbourne Avenue represents a rare and compelling opportunity along one of Canberra’s most important growth corridors. * Significant redevelopment or future-proofing opportunity (STCA) with rezoning discussions already progressing in this high-profile inner-north corridor * Prime position along the high-exposure Northbourne Avenue light-rail spine, minutes from cafés, shops, universities and major employment hubs * Strong existing rental income provides a dependable holding advantage while longer-term development plans are assessed * Main residence: 4 bedrooms, 2 bathrooms with generous communal living zones and a practical central kitchen * Separate addition: fully self-contained 2-bedroom accommodation with its own kitchen and bathroom, purpose-built to be accessible for special-needs occupancy * Established, low-maintenance grounds across a 724sqm landholding * Secure two-car garage plus additional off-street parking, providing valuable on-site capacity for occupants or tenants Land Size: 724sqm Living Size: 242sqm EER: 1.0* Rates: $4,464pa (approx.) Land Tax: $9,052pa (approx.) UCV: $738,600 (2025) 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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