89, 105, 107 & 111 Lake Street, Cannington, WA 6107

RWC WA proudly presents one of metropolitan Perth's most significant infill development opportunities - a large-scale 1.55ha* amalgamated landholding strategically positioned within the Canning City Centre precinct, just 250 metres from Cannington Train Station.

• Comprising 4 development-ready lots titled, surveyed and serviced.

• Exceptional scale & frontage.

• Suits medium-to-high density mixed-use or residential outcome (STCA).

• One of Perth's most actively regenerating urban corridors.

Key Highlights:

• 1.5519ha* across 4 contiguous lots with expansive Lake Street frontage

• Zoned R-AC0 (City Residential Precinct) under the 2021 Canning Activity Centre Plan

• 6 storey minimum

• 9 storey maximum (+3 storey sustainability bonus, allowing up to 12 storeys STCA)

• Minimum density 80 dwellings/ha; 1:1 minimum residential plot ratio

•Titled, surveyed, serviced and development-ready

Surrounds:

• 250m to Cannington Train Station (Armadale-Thornlie Line, direct to Perth CBD)

• 500m to Westfield Carousel (one of WA's largest retail and lifestyle destinations)

• Opposite WA Government office complex at 303 Sevenoaks Street

• Direct connection to the Cecil Avenue Urban Stream activation spine

• Benefits from $70M+ in committed public realm and infrastructure upgrades

Land Composition:

• 89 Lake St: 10,157m²

• 105 Lake St: 1,126m²

• 107 Lake St: 2,118m²

• 111 Lake St: 2,118m²

Development Potential:

Located within one of Perth's most strategic urban regeneration zones, the property is primed to capitalise on robust market fundamentals:

• median unit prices up ~18% YoY to $532,500;

• gross unit yields of 6.2%;

• vacancy near 1%;

• population growth tracking at ~2% p.a.

With minimum 6-storey requirements and capacity for up to 12 storeys (STCA), the site supports a substantial yield of apartments targeting strong owner-occupier and investor demand driven by transport connectivity, employment proximity and lifestyle amenity.

For Sale by EOI closing June 24

Contact the exclusive selling agents:

Stephen Harrison

Joint Managing Director

+61 421 622 777

Brett Wilkins

Director of Capital Markets

+61 478 611 168

*Approx

Remember to mention you found this property on DevelopmentReady