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Overview
Prime R4 Development Opportunity with Dual-Income Potential
Positioned on a substantial parcel of land in a growing precinct, this property at 21 Peel Street, Canley Heights offers an outstanding opportunity for developers, investors, and land bankers. Zoned R4 High Density Residential, the site presents significant future development potential, subject to council approval, while also generating immediate income from its existing structures.
The main residence is a well-maintained house featuring four bedrooms and two bathrooms, providing comfortable living space. Complementing this is a separate, council-approved two-bedroom granny flat with its own bathroom, offering flexible accommodation options suitable for extended families or as a dual-income investment.
Adding further value to the property is a large storage facility of approximately 50 square meters. This space is ideal for tradespeople, vehicle storage, workshop use, or additional tenant amenities, enhancing the property's versatility and income potential.
Key features of this property include:
- R4 High Density Residential zoning, allowing for future development opportunities (subject to council approval)
- A four-bedroom, two-bathroom main residence offering comfortable family living
- A separate two-bedroom granny flat providing additional accommodation or rental income
- A large workshop/storage area of approximately 50 square meters, suitable for various uses
- Multiple income streams from the existing improvements, making it attractive for investors
- Suitable for developers, investors, land bankers, and owner-occupiers seeking future growth potential
This property represents a rare opportunity in an increasingly sought-after location. Whether you are looking to capitalize on the development potential of the site or secure a strategic investment with strong holding income, 21 Peel Street offers significant advantages. Prospective buyers are encouraged to undertake their own due diligence regarding zoning, permissible uses, and development potential.
Development opportunities are subject to council approval, and interested parties should consider this in their planning. This property is well-positioned to meet the needs of a variety of buyers, from those seeking immediate rental income to those planning for future redevelopment.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Canley Heights NSW 2166
Market Insights for Canley Heights NSW 2166
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