2 Stephen Street, Ainslie, ACT 2602

$1,399,000+

House
Type
3
Bedrooms
2
Bathrooms
1
Parkings
1,038 m²
Area

Published on Thursday, September 17, 2026 ( See property details for 2 Stephen Street, Ainslie, ACT 2602)

$1,399,000+

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

A charming character-filled cottage on a large, versatile block in the highly sought-after suburb of Ainslie, offering development potential and family-friendly living.

🏡 Property Highlights

  • Expansive 1,038m² block with potential for up to two dwellings (subject to approvals).
  • Charming red-brick cottage with original timber doors, trims, and windows adding character.
  • Separate converted garage studio with its own bathroom and undercover parking.
  • Prime location close to Ainslie shops, schools, Mount Ainslie nature reserve, and vibrant inner north precincts.
  • Generous outdoor space ideal for family living, gardening, and entertaining.
  • Potential for development or extension, including granny flat options.

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Water tank
  • Security Screens / Gates
  • Fly Screens
  • Ceiling Fans
  • Heating (Ducted/Split)
  • Garage / Secure Parking
  • Outdoor Area / Balcony

Ainslie is a highly desirable suburb known for its leafy streets, community-oriented atmosphere, and proximity to Mount Ainslie nature reserve. It offers excellent local amenities, including shops, cafes, and schools, making it ideal for families and professionals seeking a vibrant yet relaxed lifestyle. The area boasts easy access to walking and biking trails, fostering an active outdoor lifestyle, while its central location ensures convenient connectivity to Canberra’s city centre and inner north precincts.

What are the development possibilities for this property?
The property is zoned RZ1, which may allow for up to two dwellings (subject to council approval), offering potential for development, extension, or adding a granny flat.
Is the property suitable for families?
Yes, the home features three sun-filled bedrooms, a spacious backyard, and is located near schools and parks, making it ideal for family living.
What heating and cooling options are available?
The property is equipped with reverse cycle heating and cooling for year-round comfort.
Can I explore options for a granny flat or additional accommodation?
Yes, the large backyard and zoning provide opportunities to add a granny flat or undertake substantial extensions, subject to approvals.
What outdoor features does the property have?
The property includes a large backyard, established gardens, a water tank for efficiency, and a separate studio with its own bathroom and undercover parking.
Are there any restrictions or covenants on the property that could affect development plans? Has the property been inspected for structural issues or pests? Are there any upcoming council or community developments in the area that could impact the property? What are the zoning regulations and any potential easements affecting the land? Is the property located in a flood or bushfire-prone area, and what precautions are in place? Are there any known issues with the existing infrastructure or services? What are the total costs involved in potential development or extensions? Is there any history of disputes or issues with neighbours or local authorities? Are there any restrictions on adding a granny flat or secondary dwelling? What are the current rates and council fees, and are there any planned increases?

2 Stephen Street, Ainslie, ACT 2602 - More Details

$1,399,000+

Proudly sitting on a 1,038m² block, this charming red-brick cottage offers a golden opportunity to secure a piece of the highly desirable suburb of Ainslie.

Stepping inside, you're welcomed by a home that has been part of the Ainslie landscape for generations. Original timber doors, trims and windows add to the warmth, history and charm of the property. The existing floorplan offers a central lounge room, three sun-filled bedrooms with leafy outlooks, a practical kitchen and dining space, and a central bathroom with a separate toilet.

Completing the package is a separately converted garage, thoughtfully transformed into a spacious studio with its own bathroom, complemented by an undercover carport for added convenience.

Outside, the expansive backyard is where the property's potential really shines. With RZ1 zoning (subject to the necessary approvals), the block offers the possibility of up to two dwellings, while those looking for something more personal could explore a granny flat or substantial extension. If you would like to explore your options, BlockPlanner can help.

If development isn't on your radar, there is still plenty to love as it stands, with generous space for children to play, gardens to grow and family and friends to gather!

And then there's the location. Just moments from Ainslie shops for your everyday needs and close to North Ainslie Primary School and Ainslie School. For adventure enthusiasts - Mount Ainslie nature reserve and its network of walking trails are close by. Whilst the cafés, restaurants and energy of Braddon, Canberra City and the wider inner north are all just minutes away.

Property Features:
• Charming red brick cottage
• Expansive block with established front gardens
• RZ1 may suit up to 2 dwellings (subject to approval)
• Three light filled bedrooms with leafy outlooks
• Central lounge room at the heart of the home
• Practical kitchen and dining space with direct access out to the backyard
• Laundry room with direct access out to the backyard
• Separate toilet
• Standalone studio with a secondary bathroom and undercover car space
• Reverse cycle heating and cooling for year round comfort
• Large water tank for household efficiency

Location:
• 300m from Ainslie Shops
• 450m from Wakefield Gardens
• 4 minute drive to Dickson Shops
• 800m walk and 2 minute drive to North Ainslie Primary School
• 5 minute drive to Ainslie School
• 5 minute drive to Lonsdale Street - Braddon's vibrant precinct
• 900m walk to Mount Ainslie walking and biking trails

The Numbers:
• Living: 80m² approx.
• Garage: 17m² approx.
• Carport: 23.6m² approx.
• Block Size: 1,038m² approx.
• Build Year: 1940
• EER: 1 Stars
• Land Value: $1,160,000 (2025)
• Rates: $1735 per quarter approx.
• Rental Estimate: $800 - $830 per week.

Disclaimer: The material and information contained within this marketing is for general information purposes only. The Property Collective does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries
Type
House
Bedrooms
3
Bathrooms
2
Parkings
1
Area
1,038 m²

Inspections times

  • Inspection Sat 19 Sep 1:00 pm

    Saturday 19 September
    1:00 pm - 1:30 pm

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