125 Wharf St

Cannington WA 6107

911 m²

House

Currently for sale - view listing

Overview

Development Opportunity

125 Wharf Street, Cannington represents a rare and compelling development opportunity within one of Perth's most actively transforming urban precincts. Positioned inside the City of Canning's designated Strategic Metropolitan Centre, the site is zoned R-AC0 within the Pattie Precinct of the Canning Activity Centre Plan (CACP) - a planning framework purpose-built to accommodate significant medium-to-high density development and attract long-term private investment. The City of Canning is mid-way through a $76 million, 20-year regeneration program designed to reposition Cannington as Perth's southern CBD. Infrastructure is already being delivered. METRONET's level crossing removal at Wharf Street is progressing, a new Cannington Station precinct with 290 parking bays is under construction, and the award-winning Wharf Street Basin smart park - directly named after this street - has already transformed what was once an inaccessible drainage reserve into a celebrated public amenity. That precedent has direct relevance to this site. The lot adjoins a Water Corporation drain reserve - an asset that, rather than constraining development, presents strategic design potential. The City of Canning has demonstrated, twice in this precinct, its willingness to partner with Water Corporation to activate drain infrastructure as community amenity. Developments that respond to and engage with the drain reserve are explicitly encouraged by the CACP itself. At an asking price from $1,600,000, this site offers developers the ability to acquire a position inside a declared growth node - with planning framework, infrastructure investment, and market demand all converging at the same point in time.