Positioned in a highly convenient inner-city location, this modern three-bedroom, two-bathroom apartment-style home offers contemporary living with future potential in mind.
Completely rebuilt in 2018, the home has been thoughtfully designed for comfort and practicality, featuring full double glazing and excellent insulation for year-round warmth and efficiency.
The generous open-plan living area forms the heart of the home, with a character coal range adding warmth and atmosphere, plus a heat pump for everyday convenience. The living space flows seamlessly to a partially covered front deck, creating an ideal sheltered area for relaxing or entertaining, while enjoying the bush clad outlook.
A clever mezzanine storage level, accessed via a pull-down ladder, provides excellent additional storage or optional space for occasional guests.
The practical galley-style kitchen is well positioned to overlook the living area, while the main bathroom incorporates a shower, vanity and integrated laundry, complemented by a separate toilet for everyday convenience.
There are three double bedrooms, all with built-in wardrobes. The main bedroom, positioned up a small flight of stairs, enjoys its own ensuite and double doors opening directly to a fully enclosed, sun-soaked private courtyard.
There is also the option to purchase the neighbouring 506sqm (+/-) section at 109 Russell Street, further enhancing the development potential of both sites (subject to council consent).
The current tenancy is fixed until 15 January 2027, providing secure holding income while also presenting an excellent opportunity to secure the property now for future family use when attending Otago University or Otago Polytechnic.
With a new cafe currently being developed on the corner of Russell and Arthur Streets, the neighbourhood continues to grow in popularity, attracting a broad mix of residents including professionals, mature students and long-term tenants.
Located within comfortable walking distance of Dunedin's city centre and the new hospital, the property offers exceptional convenience and strong appeal for homeowners, investors, or those seeking a centrally located lock-and-leave lifestyle.
