522 Northbourne Avenue, Downer, ACT 2602

$1,995,000

House
Type
7
Bedrooms
7
Bathrooms
12
Parkings
831 m²
Area

Last updated on Friday, June 05, 2026 ( See property details for 522 Northbourne Avenue, Downer, ACT 2602)

$1,995,000

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

A historic and versatile guesthouse in a prime Northbourne Avenue location offering substantial income potential and future development scope.

🏡 Property Highlights

  • Established and profitable guesthouse operating since the 1960s
  • Prime Northbourne Avenue location with high visibility and accessibility
  • Seven bedrooms each with private ensuite, plus additional flexible room
  • Potential for future rezoning or redevelopment (STCA)
  • Well-maintained grounds with off-street parking for up to seven vehicles
  • Rich history and iconic presence in Canberra's Inner North

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Waterfront / Views
  • Pet-Friendly

Downer is a vibrant suburb in Canberra's Inner North, renowned for its leafy streets, proximity to Southwell Park, and excellent access to public transport including the light rail. It offers a mix of historic homes, modern amenities, and a lively community atmosphere. Residents enjoy easy access to cafes, shops, and major employment hubs, making it an ideal location for both living and business. The area combines town and country living with a strong sense of community and convenient lifestyle options.

What is the current use of the property and its income potential?
The property has been operating as a profitable guesthouse since the 1960s, with a longstanding history of consistent occupancy and reliable income.
Are there any future development or rezoning opportunities?
Yes, discussions are underway regarding rezoning (STCA), which could provide scope for future redevelopment or expansion while maintaining current income streams.
What are the key features of the property’s layout and amenities?
The residence offers 8 bedrooms, each with private ensuite, multiple communal living and dining areas, a central kitchen, established low-maintenance grounds, and off-street parking for up to seven vehicles.
Is the property suitable for both living and business purposes?
Absolutely, the property’s design and location make it ideal for running a business, such as a guesthouse or boutique hotel, while also serving as a substantial residence.
What are the nearby amenities and transport options?
The property is close to light rail, cafes, shops, and major employment hubs, with excellent walkability and public transport options, including the light rail to Exhibition Park’s markets and festivals.
Are there any hidden costs or upcoming maintenance requirements not disclosed? What are the zoning restrictions and are there any pending planning applications or approvals? Are there any known defects or structural issues with the building? Is the property compliant with all local building codes and regulations? What are the specific easements or covenants affecting the property? Are there any flood or bushfire risks associated with the location? Is the property part of a strata or body corporate, and what are the associated fees? Are there any nearby construction or development plans that could impact the property? What are the noise levels and neighbour relations like in the area? Are there any restrictions on future redevelopment or rezoning that I should be aware of?

522 Northbourne Avenue, Downer, ACT 2602 - More Details

$1,995,000

Type
House
Bedrooms
7
Bathrooms
7
Parkings
12
Area
831 m²

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