407/1 Boolee Street, Reid, ACT 2612

$465,000+

Apartment
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Monday, July 20, 2026 ( See property details for 407/1 Boolee Street, Reid, ACT 2612)

$465,000+

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, well-positioned two-bedroom apartment in Canberra's heart, offering convenience, natural light, and leafy views, perfect for owner-occupiers or investors.

🏡 Property Highlights

  • Prime city centre location opposite Canberra Centre
  • Spacious open-plan living and dining area filled with natural light
  • Beautiful leafy outlook from the balcony providing privacy and tranquility
  • Vacant and ready for immediate occupancy or leasing
  • Secure basement car space included
  • Close proximity to Glebe Park, cafes, restaurants, and retail precincts

✨ Key Features

  • Balcony
  • Open-Plan Living
  • Secure Parking
  • Built in robes
  • Waterfront / Views
  • Low-Maintenance Yard
  • Internal Laundry
  • Pet-Friendly
  • Floorboards
  • Ensuite

Reid is a highly sought-after suburb in Canberra, offering unparalleled convenience with immediate access to Canberra Centre, Glebe Park, and the vibrant Braddon dining precinct. Residents enjoy a peaceful leafy environment amidst urban amenities, making it ideal for professionals, families, and investors seeking a central lifestyle. The area boasts excellent walkability, public transport options, and a strong community atmosphere, all within close proximity to Canberra’s key attractions and employment hubs.

What is the condition of the apartment and does it require any immediate repairs?
The apartment is well-presented and move-in ready, with no immediate repairs required, making it suitable for immediate occupancy or leasing.
What are the ongoing costs associated with owning this property?
Ongoing costs may include strata fees, council rates, and utilities. Specific details can be obtained from the selling agent.
Is the property suitable for short-term or long-term tenants?
Given its location and features, the apartment is ideal for both short-term and long-term tenants, appealing to professionals, couples, or small families.
Are there any restrictions or covenants on the property?
Details regarding restrictions or covenants can be confirmed through the strata or local council records.
What are the parking arrangements and is the secure basement parking included?
Yes, the property includes one secure basement car space, providing convenient and safe parking.
Are there any upcoming strata fee increases or special levies planned for the building? Has the property been affected by any recent or past flooding, bushfire risks, or environmental hazards? Are there any planning or development applications nearby that could impact the property’s value or lifestyle? Is there any history of structural defects or repairs needed in the apartment or building? What are the zoning restrictions and are there any easements or covenants affecting the property? Are there any ongoing or upcoming construction projects in the vicinity that could cause noise or disruption? What are the terms of the strata or body corporate management, and are there any outstanding fees? Is the property compliant with all building codes and regulations, including fire safety standards? Are there any restrictions on pet ownership or other lifestyle limitations? What are the long-term plans for Glebe Park and surrounding amenities that could influence the area’s appeal?

407/1 Boolee Street, Reid, ACT 2612 - More Details

$465,000+

Welcome to 407/1 Boolee Street, Reid, a beautifully presented two-bedroom, one-bathroom apartment with a secure basement car space, perfectly positioned in one of Canberra's most sought-after city locations.

Whether you're searching for your first home, a low-maintenance city residence or a quality investment, this apartment offers an outstanding combination of comfort, convenience and lifestyle. Better still, the property is vacant and ready for immediate occupancy, allowing you to move straight in or lease it out without delay.

An Unbeatable City Lifestyle

Located in the prestigious suburb of Reid, this apartment enjoys one of Canberra's most convenient addresses.

Directly across the road is Canberra Centre, the city's premier retail and dining destination. Supermarkets, boutique shopping, cinemas, cafés and restaurants are all only moments from your front door, making everyday life effortless.

Just beside the building is the beautiful Glebe Park, providing a peaceful escape for morning walks, weekend picnics or simply relaxing amongst mature trees.

Only a short stroll away, Braddon offers some of Canberra's best cafés, wine bars and award-winning restaurants, creating an exciting lifestyle that perfectly balances city convenience with leisure.

Comfortable, Functional & Filled with Natural Light

Inside, the apartment features a practical and well-proportioned two-bedroom floorplan with no wasted space. The generous open-plan living and dining area feels bright, spacious and welcoming, providing plenty of flexibility for everyday living and entertaining.

A standout feature is the pleasant leafy outlook from the balcony, offering a peaceful green backdrop that creates privacy while bringing a sense of calm to the home. Rather than looking directly onto neighbouring buildings, you'll enjoy views of established trees that soften the urban setting.

Both bedrooms are generously sized and thoughtfully positioned, making the apartment equally suitable for couples, small families, professionals working from home or investors seeking broad tenant appeal.

Move Straight In or Lease Immediately

One of the biggest advantages of this property is its flexibility.

The apartment is currently vacant, allowing owner-occupiers to move in immediately after settlement. Investors can also lease the property straight away, with an estimated rental return of approximately $600–$650 per week, reflecting the strong demand for quality apartments in Canberra's CBD.

With secure parking, low-maintenance living and an unbeatable location, this property is equally attractive as a home or a long-term investment.

A Rare Opportunity in Canberra's CBD

Properties combining a genuine two-bedroom layout, secure parking, leafy outlooks and immediate access to Canberra Centre are always in strong demand.

Whether you're enjoying coffee in Braddon, shopping across the road, relaxing in Glebe Park or simply appreciating the convenience of living in the heart of the city, 407/1 Boolee Street offers a lifestyle that few locations can match.

This is an outstanding opportunity to secure a quality apartment in one of Canberra's most desirable city precincts.

Key Features
Two bedrooms | One bathroom | One secure basement car space
Vacant and ready for immediate occupancy
Spacious open-plan living and dining area
Beautiful leafy outlook from the balcony
Opposite Canberra Centre
Moments from Glebe Park and Braddon dining precinct
Estimated rental return of $600–$650 per week
Ideal for owner-occupiers, first-home buyers and investors
Type
Apartment
Bedrooms
2
Bathrooms
1
Parkings
1
House Size
50 m²

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