ACT Fire & Rescue has confirmed the fire was caused by overheating oil on a stove.
Several residents were home at the time and alerted by a working smoke alarm.
The fire damage was contained to the kitchen with smoke spreading throughout the property.
The initial estimated damage bill is minimal.
Firefighters were alerted to the incident just after 4 o'clock. Two fire pumpers, breathing apparatus unit and commander attended the fire. An ACT Ambulance Service crew also responded but were not required.
ACT Fire & Rescue Commander Greg Harmey said this fire highlights the importance of having working smoke alarms.
"This is another example of working smoke alarms saving lives."