55 Duffy St, Ainslie is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 893m2 and floor size of 175m2. While the property is not currently for sale or for rent, it was last transferred in October 2018.
I remember when this property was last traded in 2015. There was much discussion around its value and its future potential. Was it a knock down? Would an extensive renovation serve to restore the original McIlwrath cottage with all its character and old Canberra charm? And most importantly what was the best way to maximise the beautiful position with views to the rear!
When I sold 53 Duffy Street for $1 800 000 in 2015, a new benchmark in Ainslie was set. It gave confidence around buying blocks with a view to developing and building 'dream' homes.
A million dollars for a block quickly became the norm and Duffy Street cemented its reputation as one of the premium streets in the inner north.
As all markets do, they move, fluctuate and change, and in recent times the way we perceive land and building in Canberra has evolved. There is an appetite right now for building and the opportunity to build the dream in established suburbs such as Ainslie is becoming rare.
Yet one thing does not change, it is still all about the position. Orientation, location, views and block size are still the premium aspects that make the difference between one block and another.
There is no question in 2018 about the value of 55 Duffy Street.
Features
Spectacular views towards Black Mountain and the city on 893m Mt Ainslie walking trails 50 metres away Adjacent to some of Ainslie's most prestigious homes Only footsteps to Ainslie shops (IGA, Edgar's Inn, restaurants, cafes, medical centre, pharmacy) Moments to vibrant restaurants and bars on Lonsdale Street, Braddon Thirteen minute bus ride to city One of 20 McIlwraith Canberra Red brick cottages, not heritage listed Original double brick residence (c. 1947) with two further extensions consisting of four bedrooms, three living areas, single bathroom with additional separate toilet, double garage and carport, gas connected to block Character detailing includes high ceilings, picture rails, timber sash windows, open fireplace, antique glass, timber detailing, slate roof tiles and red brick paving Long term tenant happy to stay
EER 0.5
Land Size 893m
Land Value $707 000
Land Rates $4 027pa (approx.)
The size of Ainslie is approximately 3.5 square kilometres. It has 19 parks covering nearly 9.3% of total area. The population of Ainslie in 2016 was 5189 people. By 2021 the population was 5376 showing a population growth of 3.6% in the area during that time. The predominant age group in Ainslie is 50-59 years. Households in Ainslie are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ainslie work in a professional occupation.In 2021, 60.70% of the homes in Ainslie were owner-occupied compared with 57.70% in 2016.
Ainslie has 2,284 properties. Over the last 5 years, Houses in Ainslie have seen a 34.31% increase in median value, while Units have seen a 44.34% increase. As at 30 November 2025:
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