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8 & 10 Callabonna Street, Kaleen, ACT 2617 For Sale
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8 & 10 Callabonna Street, Kaleen, ACT 2617

Auction 10/10/26

House
Type
7
Bedrooms
4
Bathrooms
3
Parkings
1,855 m²
Area

Last updated on Wednesday, September 30, 2026 ( See property details for 8 & 10 Callabonna Street, Kaleen, ACT 2617)

Auction 10/10/26

Auction Saturday 10 October at 10:00 am | View All

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

A versatile development opportunity on a substantial 1855m² RZ2 landholding, with existing rental income and approved plans for five dwellings in Kaleen.

🏡 Property Highlights

  • Substantial 1855m² landholding with development potential
  • RZ2 zoning with approved DA for five dwellings
  • Consolidation of two blocks approved for flexible development
  • Current rental income of $5,850 per month from two tenanted homes
  • Prime location within walking distance to Kaleen Plaza and amenities
  • Close proximity to schools, university, and CBD

✨ Key Features

  • Garage
  • Built-in Robes
  • Open-Plan Living
  • Ensuite
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Fully fenced

Kaleen is a vibrant suburb renowned for its convenient access to shopping, education, and employment hubs. It offers a family-friendly environment with parks, schools, and local amenities. The area is well-connected to Belconnen, Canberra CBD, and the University of Canberra, making it ideal for both investors and developers seeking growth and lifestyle benefits.

What is the development potential of this property?
The property has approved DA plans for five dwellings and consolidation of two blocks, offering significant development flexibility.
Are there existing tenants on the property?
Yes, both homes are currently tenanted with leases ending in April 2027, generating a combined rental income of $5,850 per month.
What are the zoning and planning details?
The property is zoned RZ2 with DA approval under the former 50% plot ratio scheme, and the crown lease has been varied to permit five dwellings.
What is the location's proximity to key amenities?
The property is within walking distance to Kaleen Plaza, close to schools, the University of Canberra, and a short drive to Belconnen and Canberra CBD.
Are there any easements or restrictions?
There are no easements on the property, and the land is free from restrictions that would impede development.
Are there any hidden costs or upcoming levies associated with the property or development approvals? Have all necessary planning and building approvals been obtained and are they compliant? Are there any known defects or issues with the existing structures or land? Is the property located within a flood or bushfire risk zone? Are there any zoning restrictions or easements that could affect future development plans? What are the strata or body corporate considerations, if applicable? Is there any nearby construction or planning activity that could impact the property? Are there noise or other environmental factors to consider in this area?

8 & 10 Callabonna Street, Kaleen, ACT 2617 - More Details

Auction 10/10/26

What you see: A substantial 1855m² RZ2 landholding positioned just minutes' walk from Kaleen Plaza and local amenities. A compelling opportunity for developers, with the crown lease already varied to permit five dwellings and consolidation of the two blocks approved.

What we see:
Scale, flexibility and significant development potential.


See more:
Substantial combined landholding of approximately 1855m²
RZ2 Zoning
DA approved under the former 50% plot ratio scheme (plans available on request)
Five dwellings currently permitted under the crown lease and lease variation paid
Consolidation of two blocks approved
Current 50% lease variation charge reduction available in connection with the missing middle territory plan amendment
Both homes currently tenanted with leases ending April 2027
Combined rental income of $5,850 per month
No 8 - 3 bed, 2 bath, 2 car
No 10 - 4 bed, 2 bath, 1 car
No easements
Close proximity to Kaleen Shops, schools and local amenities
Convenient access to Belconnen, the University of Canberra and Canberra CBD
Within 1 minutes' walk to Kaleen Plaza
Within 3 minutes' drive to Kaleen Primary School
Within 5 minutes' drive to University of Canberra
Within 8 minutes' drive to Westfield Belconnen
Within 15 minutes' drive to Canberra CBD

Block Size: 1855m²
Number 8 EER: 1.5
Number 10 EER: 0.5
Rental Range: Both currently tenanted returning $5,850 per month
Rates: $7,941.90 p.a (approx.)
Land Tax: $1,6753 p.a (approx. only applicable if rented)

Disclaimer: Please note the property will not be marked under offer and inspections will not cease until the exchange of contracts has taken place. The above figures are approximate only. The material and information contained within this marketing is for general information purposes only. HIVE Property does not accept responsibility and disclaim 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. By submitting an enquiry you are agreeing to opt in to further communication from HIVE Property (ACT) PTY LTD in line with our Privacy Policy. A copy of our Privacy Policy & Notices can be found on our website (https://hiveproperty.co/).
Type
House
Bedrooms
7
Bathrooms
4
Parkings
3
Area
1,855 m²

Auctions

  • 8 & 10 Callabonna Street, Kaleen, ACT 2617

    Saturday 10 October
    10:00 am
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