617/83 Cooyong Street, Reid, ACT 2612 | Property Value & History | OnTheHouse
OFF MARKET

617/83 Cooyong Street
Reid ACT 2612

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 70m2
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Property Details for 617/83 Cooyong St, Reid

617/83 Cooyong St, Reid is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2021. The property has a floor size of 70m2.

Building Type
Unit
Year Built
2021
Floor Size
70m2
Local Government
Canberra Central
Lot/Plan
REID: Block 4, Section 7, Unit 422

Last Listing description (July 2025)

Positioned in the vibrant heart of Canberra and overlooking the serene greenery of Glebe Park, Unit 617 in the acclaimed Metropol complex offers an exceptional lifestyle opportunity in the heart of the city. Whether youre a downsizer seeking a modern, low-maintenance home with urban convenience, or an investor looking for a high-quality property in a sought-after location, this well-appointed apartment ticks all the boxes.

This stylish two-bedroom apartment, complete with ensuite, combines contemporary design with functional living. The open-plan layout provides flexibility for both living and dining, complemented by a sleek kitchen featuring stone benchtops and premium SMEG appliances. Floor-to-ceiling windows flood the space with natural light and open onto a generous balcony with tranquil, leafy views over Glebe Park a rare outlook in the heart of the city.

Both bedrooms offer ample wardrobe space and park views, with the master bedroom boasting its own ensuite and private balcony ideal for enjoying your morning coffee with a peaceful parkland backdrop.

Additional features include split-system air conditioning for year-round comfort, double glazing, and two secure car spaces located directly perfect for downsizers seeking ease of access or investors looking to attract quality tenants. An allocated storage unit adds further practicality.

Residents of Metropol enjoy exclusive access to outstanding communal facilities, including two swimming pools, a residents function room, rooftop garden, and childrens playground. This premier lifestyle address is just moments from the Canberra Centre, Lake Burley Griffins walking and cycling trails, and the bustling Lonsdale Street dining and nightlife precinct.

With its prime location, modern finishes, and outstanding amenities, this apartment offers exceptional appeal for downsizers, investors, or anyone seeking a premium lifestyle in an unbeatable location.

As it is, offering as an established Airbnb that has a low vacancy rate and a high rental yield, would be open to selling furniture to investor.

Key Features:
Prime location overlooking Glebe Park
Two well-proportioned bedrooms, both with leafy park views
Open-plan living and dining with floor-to-ceiling windows
Contemporary kitchen with stone benchtops and quality SMEG appliances
Master bedroom with ensuite and private balcony
Double glazing and two split-system reverse cycle air-conditioners
Two secure basement car spaces
Allocated storage unit
Access to two pools, a function room, rooftop garden and childrens playground
Moments to Canberra Centre, Lake Burley Griffin, and Lonsdale Street precinct
Walk-to-work convenience for city professionals

Essentials
EER 6 Stars
Strata Fees: $3,718.20 pa (approx.)
Rates: $1,988.00 pa (approx.)
Land Tax: $2,312.00 pa (approx.) Paid by Investors only.

Whether youre looking to downsize without compromise or invest in an exceptional location, this is an opportunity not to be missed.

Disclaimer: The figures provided herein are approximate and for general informational purposes only. The material and information contained in this marketing document do not constitute legal, financial, or other professional advice. VERV Property expressly disclaims all liability for any inaccuracies, omissions, or errors contained within. No party should rely on this material as the sole basis for any decision-making process. All prospective purchasers are advised to conduct their own independent due diligence and to seek appropriate professional advice prior to entering into any binding agreements or transactions.

Property History for 617/83 Cooyong St, Reid, ACT 2612

A timeline of how this property has performed in the market
  • 20 May 2025
    Listed for Sale $625,000 +
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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 1,816 properties. Over the last 5 years, Houses in Reid have seen a 19.82% increase in median value, while Units have seen a 7.10% increase. As at 30 April 2026:

  • The median value for Houses in Reid is $2,175,684 while the median value for Units is $537,361.
  • Houses have a median rent of $800 while Units have a median rent of $600.
There are currently 17 properties listed for sale, and 6 properties listed for rent in Reid on OnTheHouse. According to Cotality's data, 54 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.