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

EOI

Search Band Search Visibility Band

$11M - $12M Medium Confidence Calculated based on our search observations.

Land 3.83 acres

Listed: 8th Aug 2026

Updated: 5 hours ago

Overview

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.

Local Market Insights

In Cannington, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $457,250. The property type mix of listed properties is predominantly Houses at 70%, followed by units (9%), and villas (7%). The most active agency for land in the Cannington area is currently Porter Matthews Metro, representing 75% of new listings, followed by Minic Property Group with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.