407/1 Boolee Street, Reid, ACT 2612 | Property Value & History | OnTheHouse
OFF MARKET

407/1 Boolee Street
Reid ACT 2612

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 49m2
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Property Details for 407/1 Boolee St, Reid

407/1 Boolee St, Reid is a 2 bedroom, 1 bathroom Unit and was built in 2021. The property has a floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in January 2020.

Building Type
Unit
Year Built
2021
Floor Size
49m2
Local Government
Canberra Central
Lot/Plan
REID: Block 3, Section 7, Unit 513

Last Listing description (August 2026)

Welcome to 407/1 Boolee Street, Reid, a beautifully presented two-bedroom, one-bathroom apartment with a secure basement car space, perfectly positioned in one of Canberra's most sought-after city locations.

Whether you're searching for your first home, a low-maintenance city residence or a quality investment, this apartment offers an outstanding combination of comfort, convenience and lifestyle. Better still, the property is vacant and ready for immediate occupancy, allowing you to move straight in or lease it out without delay.

An Unbeatable City Lifestyle

Located in the prestigious suburb of Reid, this apartment enjoys one of Canberra's most convenient addresses.

Directly across the road is Canberra Centre, the city's premier retail and dining destination. Supermarkets, boutique shopping, cinemas, cafs and restaurants are all only moments from your front door, making everyday life effortless.

Just beside the building is the beautiful Glebe Park, providing a peaceful escape for morning walks, weekend picnics or simply relaxing amongst mature trees.

Only a short stroll away, Braddon offers some of Canberra's best cafs, wine bars and award-winning restaurants, creating an exciting lifestyle that perfectly balances city convenience with leisure.

Comfortable, Functional & Filled with Natural Light

Inside, the apartment features a practical and well-proportioned two-bedroom floorplan with no wasted space. The generous open-plan living and dining area feels bright, spacious and welcoming, providing plenty of flexibility for everyday living and entertaining.

A standout feature is the pleasant leafy outlook from the balcony, offering a peaceful green backdrop that creates privacy while bringing a sense of calm to the home. Rather than looking directly onto neighbouring buildings, you'll enjoy views of established trees that soften the urban setting.

Both bedrooms are generously sized and thoughtfully positioned, making the apartment equally suitable for couples, small families, professionals working from home or investors seeking broad tenant appeal.

Move Straight In or Lease Immediately

One of the biggest advantages of this property is its flexibility.

The apartment is currently vacant, allowing owner-occupiers to move in immediately after settlement. Investors can also lease the property straight away, with an estimated rental return of approximately $600$650 per week, reflecting the strong demand for quality apartments in Canberra's CBD.

With secure parking, low-maintenance living and an unbeatable location, this property is equally attractive as a home or a long-term investment.

A Rare Opportunity in Canberra's CBD

Properties combining a genuine two-bedroom layout, secure parking, leafy outlooks and immediate access to Canberra Centre are always in strong demand.

Whether you're enjoying coffee in Braddon, shopping across the road, relaxing in Glebe Park or simply appreciating the convenience of living in the heart of the city, 407/1 Boolee Street offers a lifestyle that few locations can match.

This is an outstanding opportunity to secure a quality apartment in one of Canberra's most desirable city precincts.

Key Features
Two bedrooms | One bathroom | One secure basement car space
Vacant and ready for immediate occupancy
Spacious open-plan living and dining area
Beautiful leafy outlook from the balcony
Opposite Canberra Centre
Moments from Glebe Park and Braddon dining precinct
Estimated rental return of $600$650 per week
Ideal for owner-occupiers, first-home buyers and investors

Disclaimer:
While all care has been taken to ensure the accuracy of the information contained herein, Ruiz Property does not accept responsibility and disclaims all liabilities for any errors, omissions, inaccuracies or misstatements. All information provided is approximate only and should not be relied upon as a basis for making any formal decisions. Interested parties are advised to conduct their own enquiries and seek independent legal and financial advice.
Please note that the property may continue to be marketed and inspections may continue until contracts have been exchanged.

Property History for 407/1 Boolee St, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$582,900
06 Jan 2020
Listed for Rent
$510/w
01 Mar 2023
  • 16 Jul 2026
    Listed for Sale $465,000+
  • 25 Apr 2025
    Listed for Rent $580 / week
  • 08 Apr 2024
    Listed for Rent $575 / week
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About Reid 2612

The size of Reid is approximately 1.0 square kilometres. There are 7 parks, covering nearly 16.5% of the total area. The population of Reid in 2016 was 1636 people. By 2021 the population was 1544 showing a population decline of 5.6% in the area during that time. The predominant age group in Reid is 20-29 years. Households in Reid are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reid work in a professional occupation.In 2021, 51.90% of the homes in Reid were owner-occupied compared with 38.20% in 2016.

Reid has 1,822 properties. Over the last 5 years, Houses in Reid have seen a 0.16% increase in median value, while Units have seen a 1.52% increase. As at 31 July 2026:

  • The median value for Houses in Reid is $2,050,879 while the median value for Units is $516,694.
  • Houses have a median rent of $880 while Units have a median rent of $605.
There are currently 13 properties listed for sale, and 11 properties listed for rent in Reid on OnTheHouse. According to Cotality's data, 61 properties were sold in the past 12 months in Reid.

Suburb Insights for Reid 2612

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.