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

This substantial 1.55 hectare amalgamation comprises four contiguous development-ready lots within the heart of Canning City Centre, offering a rare infill opportunity with exceptional scale and street frontage onto Lake Street. Already titled, surveyed, and serviced, the site is primed for medium to high density mixed-use or residential development subject to council approval.

Strategically situated just 250 metres from Cannington Train Station, this location provides direct and convenient rail access to the Perth CBD, complementing the site's proximity to significant amenities including Westfield Carousel and major government offices. The area benefits from committed infrastructure investments exceeding $70 million, enhancing public spaces and connectivity, which strongly supports urban growth.

Zoned R-AC0 under the 2021 Canning Activity Centre Plan, the development parameters include a minimum 6-storey height to a maximum of 9 storeys, with up to 12 storeys potentially achievable through sustainability bonuses. A minimum density of 80 dwellings per hectare and a 1:1 residential plot ratio facilitate a substantial yield of apartments tailored to address growing market demand.

• Land parcel sizes total approximately 15,519sqm, with individual lot sizes of 10,157sqm, 1,126sqm, and two lots each around 2,118sqm.
• Location demands align with positive market fundamentals: median unit prices rising by 18% year-on-year, strong gross rental yields around 6.2%, and very low vacancy rates near 1%.

Overall, this offering suits developers and investors seeking a significant presence in an actively regenerating and well-connected urban corridor, with the potential to deliver a density and scale that responds to strong housing and mixed-use demand in metropolitan Perth.