509/2 Akuna Street, City ACT 2601

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: When the homeowner first purchased this one-bedroom plus study apartment, they were drawn to its perfect balance of size, convenience, and location. Nestled within the vibrant heart of Canberra, it was an opportunity that promised as a great investment opportunity. Recognizing this property's potential from the start, the current homeowner transformed it into a thriving Airbnb. With its prime location, these thoughtful renovations, and updated interiors, it has already proven itself as a lucrative short-term rental. In addition, the apartment can also be leased privately or on a long-term basis. For the savvy buyer, there's even more room to grow, with additional renovations offering the potential to elevate its income even further. THE HOME - 1 BED + 1 STUDY From the moment you step inside, this apartment tells a story of thoughtful design, recent upgrades, and practicality. The current owner has refreshed the space with modern, high-quality finishes that enhance both comfort and appeal. They have replaced the flooring with timber-look vinyl, repainted the walls giving a touch of modern energy. The master bedroom, with its large mirrored built-in wardrobe and balcony, is a true sanctuary for rest and reflection which is perfect when travelling for personal and work. The sizeable separate study offers flexible space that's ideal for remote work, creative pursuits, or as a second bedroom or guest area for visitors. The open-plan kitchen, dining, and living area feels bright and inviting located within the two bedrooms. There is new LED lighting installed throughout the bedrooms, kitchen, bathroom, and living spaces, delivering energy-efficient. The wrap-around kitchen, complete with a four-burner electric cooktop, built-in oven, and double stainless-steel sink, remains effortless and enjoyable for short term stays. The owner has refreshed the furniture throughout with a clean, modern, cohesive style and added three new LED TVs, giving the apartment a welcoming, polished feel that's proven very popular with guests. THE LOCATION Beyond the walls of the apartment, Canberra's bustling cityscape awaits. Everything you need is right on your doorstep - grocers, cafes, restaurants, pubs, entertainment venues, and public transport options are all within walking distance. It's a lifestyle that seamlessly blends convenience with opportunity, making this property ideal for first-home buyers seeking their perfect start or investors eyeing a solid addition to their portfolio. For those looking to secure a slice of the city's vibrant core, this beautifully updated apartment offers a rare combination of modern comfort, unbeatable location, and strong income potential. Whether you envision it as your first home or a smart investment, this property is ready to write its next chapter with you. Could this be the one where your story begins? MORE DETAILS Lift access Recently refreshed with modern, high-quality finishes throughout Energy-efficient LED lighting fitted throughout the apartment Three newly installed LED televisions included Proven performance as a successful Airbnb short-term rental Right in the heart of Canberra city Open plan kitchen, dining & living Wrap-around kitchen ft. four-burner electric cooktop, built-in oven & double stainless-steel sink Master bedroom ft. large built-in wardrobe with mirrored sliding doors & access to private balcony Tiled balcony ft. amazing city views Sizeable separate study (utilised as a second bedroom) Fully tiled bathroom ft. shower bath Separate laundry Local amenities at your doorstep including grocers, cafes, restaurants, pubs, public transport & entertainment venues Short commute to the Parliamentary Triangle, Old Bus Depot Markets, Kingston Foreshore, Braddon's restaurant precinct, EPIC Farmers Markets & Belconnen Westfield Year Built: 2008 EER: 6 stars Approx. Living Size: 48 sqm Approx. Balcony Size: 8 sqm Approx. Council Rates: $536 per quarter Approx. Strata Levies: $1832.16 per quarter Approx. Sinking Admin Fund: $676.52 per quarter Approx. Land Tax: $694.16 per quarter (only applicable if renting) Approx. Rental Return: $650 per week Approx. Air BnB Return: $160 per night