#soldbyholly $1,825,000

It wont be long and 78 Limestone Avenue Ainslie will be known as 'one of those houses' - a strip of eight meticulously kept, extensively renovated and ideally placed homes on Limestone, that you can't help but notice and enjoy every day as you pass by!

With old world grandeur and sophisticated assurance, this elegant red brick Oliphant home, is in good company. With unaltered, signature Ken Oliphant features – curves, formal symmetries, high ceilings and detailed cornices – this elegant brick home enjoys a huge, 1189 sqm block, just a stone's throw from the city. Positioned perfectly between Ainslie and Braddon with the historic Haig Park in sight, the limestone.home finds itself amongst an exciting strip of heritage listed cottages that are enjoying some serious upgrading and restoration.

Beyond the brick and iron lace art deco fence, is a home that has evolved with family and purpose in mind. Functioning as a home with attached flat, it's not hard to see the value proposition - live in, rent one, rent both, or just sit tight and hold on for the capital growth assured by such a significant land holding.

The grand entry portico with intricate, vintage tiled stairs and over-sized double front doors, opens onto a generous formal hall. Sliding glass doors provide access on both sides, to the separate formal living and dining areas. Behind the dining room there is large original kitchen that overlooks the back garden. A hallway leads to the art deco bathroom and further to the eastern bedrooms, all with leafy outlooks and lovely light. Vehicular access via the circular drive provides a lovely formal balance and marries with the curved bay window that is a feature of the front facade. There are two carports and a lockable garage with internal access and plenty of space for extra off street parking.

Owned by a local family since its construction in 1948, this original brick home, feels solidly calm and secluded, while the soaring ceilings contribute to a felt sense of grandeur and volume. The rich period history of the limestone.home is preserved with the original light fittings, intricate moldings, large high sash windows and period bathroom.

The large modern addition can be accessed internally via one of the bedrooms or through the back garden. This fully self-contained flat, flanks the east side of the block, forming an L-shape with the original cottage. The flat is generous in size with an open-plan living, dining, kitchen, large bedroom and modern bathroom, with free standing tub. This generous space could also be utilised as a studio and would be perfect for multi-generational living.

With established fruit trees and brick pizza oven, the north facing rear garden, is expansive. There is also a large laundry and a porch that runs the length of the cottage.

This is a rare opportunity to secure a piece of Canberra's history, designed by architectural royalty and with an enviable land holding. The limestone.home is and untapped gem – waiting to be lovingly updated, refurbished or extended.

Set within picturesque, historic Ainslie, seconds from Corroboree and Haig Park, close to schools and transport and minutes from Braddon and the CBD, the home is perfectly positioned to enjoy all the best that Canberra has to offer.

Features:

.1949, Oliphant design, family home in the Corroboree Park Heritage Precinct
.located near Braddon precinct, Ainslie shops, Corroboree Park, Ainslie Primary School, Mount Ainslie
.proximity to public transport, amenities, Canberra CBD, ANU
.generous 1189m2 established block
.traditional three bedroom original family home
.exquisite curved windows and crown moulding in the living areas
.largely original kitchen and period tiling
.main bathroom with tiled in cast-iron bath and original tiling
.external access laundry from rear porch, with double steel tub
.red double brick construction home with sash windows
.original retro light fixtures
.ducted gas
. expansive backyard with pizza oven, pergola, new fencing, steel rotary hills hoist + water tank
.single roller door garage

.spacious self contained full sized 1 bedroom flat, modern design
.ability to rent/live in two separate residences
.reverse cycle air conditioning
.skylight over kitchen area, with abundant storage
.seperate dining area

EER: 1.5
Land size: 1289 m2 (approx.)
Living size: 241 m2 (approx.)
Land value: $1,032,000 (2021, approx.)
Rates: $6486 pa (approx.)
Year built: 1954 (approx.)