8 Banfield Street, Downer.
Huge Inner North Opportunity – Spacious Family Living on 836sqm with Future RZ3/4 Upside
Positioned in a peaceful, tree-lined street just moments from the light rail and city fringe, this substantial family home presents an increasingly rare opportunity to secure immediate lifestyle appeal with exceptional future development potential. Set on a generous 836sqm parcel with proposed RZ3/4 rezoning, the property offers outstanding landbanking and redevelopment prospects in one of the Inner North's most tightly held pockets. Behind the established gardens lies a versatile residence boasting approximately 190sqm of internal living, thoughtfully extended to accommodate growing families with multiple living areas and flexible bedroom configurations. Whether you move straight in, renovate over time or explore the site's future potential, the options here are significant. Designed for relaxed family living, the home features spacious indoor and outdoor entertaining areas, beautifully landscaped gardens and plenty of room for children to play in a secure, private setting. Mature Japanese maples, azaleas and camellia hedges create a tranquil retreat rarely found this close to the city. Adding further appeal is extensive car accommodation for three vehicles, along with a separate office, studio and additional storage - ideal for working from home, hobbies, guest space or future adaptability. Conveniently located near quality schools, parks, shops and transport, this is a unique opportunity for families seeking space and lifestyle, as well as developers and investors looking to capitalise on future zoning uplift. Features * Prime Inner North location in a quiet, leafy street close to the city * Large 836sqm parcel with proposed RZ3/4 rezoning potential * Approx. 190sqm of flexible internal living space * Extended floorplan with 3–4 bedrooms and multiple living areas * Exceptional opportunity to renovate, landbank or redevelop (STCA) * Spacious indoor and outdoor entertaining areas * Beautiful established gardens with Japanese maples, azaleas and camellia hedges * Three-car accommodation plus separate office, studio and storage * Moments to light rail, schools, parks and local amenities * Ideal for growing families, investors and future-focused buyers Rates: $5,066pa (approx.) Land Tax: $10,599pa (approx.) UCV: $882,000 (2025) EER: 3.0 Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. Please note that some images used across Belle Property listings may include digital enhancement for presentation purposes. Buyers are encouraged to refer to the advertising copy or speak with the listing agent for further clarification where required. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.
Your local office.
Since opening our doors in 2016, Belle Property Canberra has grown into one of the region’s most trusted and values-driven real estate agencies. Led by Co-Principals Richard Davies and Dan McAlpine, brothers-in-law with a shared commitment to people and place, the business has evolved through almost a decade of consistent results, thoughtful service and genuine community connection.
At Belle Property Canberra, three values shape everything we do:
Integrity - We do what’s right, not what’s easy. No shortcuts. No compromises. Every client, every campaign, every decision is handled with transparency and honesty.
Care - Our clients, customers and team are at the heart of our business. We approach every interaction with empathy, diligence and respect, ensuring each person feels supported through every step of their property journey.
Family - We believe great outcomes come from great relationships. As a team that operates like family, we bring that same sense of connection and belonging to the people we work with, creating an environment where everyone is included in the day-to-day of the business.
With teams now operating across Canberra, Queanbeyan and the Snowy Mountains, we offer clients the strength of a unified network and the insight of deeply local expertise. Backed by Belle Property’s premium marketing, national reach with over 200+ offices and innovative approach, our sales and property management professionals deliver a standard of service defined by expertise and driven by results.
As we continue to grow in 2026, our expanding Canberra team will soon call 1/19 Eastlake Parade home - a new space that reflects our direction, our values and our commitment to serving the region with even greater care and capability.
Nearly a decade on, our purpose remains the same: to lead with integrity, work with care, treat people like family, and achieve exceptional results for every client we serve.
Services: Residential sales, Rural sales, Property Management & Leasing and Holiday Homes.
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