702/16 Lonsdale Street, Braddon ACT 2612

Large 166m² penthouse | 3 bedrooms each with ensuite | Rare side-by-side double garage | East-facing Mount Ainslie views | Premium Braddon lifestyle location The property’s primary competitive advantage lies in its uncommon configuration: three genuine bedrooms each with a private bathroom, combined with 166 square metres of internal space and two side-by-side car spaces in a lock-up garage. For buyers seeking an inner-north apartment that functions like a terrace house without the land maintenance, this layout is effectively irreplaceable in Braddon’s current stock. The east-facing aspect and views to Mount Ainslie and Mount Majura provide a quality of light and outlook that supports owner-occupier demand, while the north-facing central courtyard atrium adds a private outdoor dimension rare in penthouse apartments. This property is best suited to downsizers or professionals who prioritise space, parking, and walkability over land ownership. The primary risk is the body corporate structure: a 58-property building with a 70/30 owner-renter split may have adequate governance, but the sinking fund and recent special levies require verification before commitment. The 2021 sale history without a disclosed price creates uncertainty about vendor expectations relative to the broader Braddon three-bedroom median of $810,000, and the zero percent auction clearance rate in the suburb suggests premium listings may take longer to transact. The opportunity lies in the property’s differentiation: few competing listings offer this combination of size, ensuites, and parking, meaning a well-priced offer could secure a property that holds its value better than standard three-bedroom apartments in the same precinct.