136/45 Eastlake Parade, Kingston ACT 2604

Two-storey sky home | Kingston Foreshore waterfront | 2-car secure parking | Premium Element development This apartment’s dual-level layout is rare in the Kingston market, giving it a townhouse-like feel within a secure building. The 75-square-metre internal area is generous for a two-bedroom unit, and two bathrooms plus two car spaces lift it above most competing stock. The furnished status and waterfront position make it a strong candidate for executive or corporate tenants, which suits an investor targeting the top end of the rental market. The main risk is the high weekly rent—$1,000—which narrows the tenant pool and may lengthen vacancy periods between leases. The furnished fit-out adds depreciation potential but also increases maintenance and management demands. Buyers should review strata levies and sinking fund health, as waterfront buildings in this precinct can carry above-average body corporate costs. The opportunity lies in the property’s configuration edge: few two-bedroom apartments in Kingston offer two storeys and two car spaces, which supports both rental premium and resale differentiation.