21 Peel Street

Canley Heights NSW 2166

790 m²

House

Currently for sale - view listing

Overview

Prime R4 High-Density Development Opportunity with High-Yield Income!

Positioned in one of Canley Heights' most sought-after pockets, this high-yield dual-occupancy property presents an extraordinary opportunity for astute investors, developers, and land-bankers alike. Situated on a massive 789.70 sqm; block with a wide 15.24 m frontage, this site is zoned R4 High Density Residential, offering incredible future growth and re-development potential (S.T.C.A.) while producing immediate, strong rental returns. Key Features & Investment Highlights: • Substantial Land Holding: 789.70 sqm; (approx.) regular-shaped allotment with a 15.24 m frontage. • R4 High-Density Zoning: Flexible future development opportunities in a high-growth location (S.T.C.A.). • Outstanding Rental Return: Combined potential rental income of $1,400 per week. • Main Dwelling (House): • 3 spacious bedrooms • Open-plan living and dining area • Functional kitchen and bathroom facilities • Currently tenanted producing steady income • Secondary Dwelling (Granny Flat): • Self-contained 2-bedroom granny flat • Independent access and private setting • Air-conditioned living area and modern amenities Unbeatable Location: Moments away from the vibrant Canley Heights shopping precinct, popular local eateries, quality schools, public transport, and short drive to both Canley Vale and Cabramatta Train Stations. Whether you are looking to secure a prime piece of R4 high-density land, capitalise on the dual income streams, or plan your next major multi-residential development project, 21 Peel Street is an opportunity not to be missed! Contact Ray White Cabramatta today to arrange a private inspection or obtain a copy of the contract. Ray White Cabramatta - Where Home Begins Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own independent enquiries. Please note that some marketing photography may have been digitally enhanced and/or utilize AI photo editing and virtual staging to illustrate the property's potential.