535 Canterbury Road

Campsie NSW 2194

785 m²

House

Currently for sale - view listing

Overview

DEVELOPMENT SITE ON 785SQM CORNER BLOCK – R3 ZONING

A rare and lucrative opportunity to secure a premium corner block in a high-growth location, this approximately 785sqm parcel with R3 Medium Density zoning presents exceptional development potential (STCA). The property was previously granted CDC approval for a luxury triplex development, designed by the award-winning ES Design. The approved concept featured three architecturally designed residences, each offering four spacious bedrooms, multiple living areas, contemporary bathrooms, and lock-up garages with internal access. The previous approval demonstrates the site's outstanding potential and provides purchasers with a strong foundation for future development, subject to obtaining the necessary approvals. Conveniently located within walking distance to Campsie Station, Canterbury Hospital, and just 600m to Campsie Shopping Centre. Public transport is at your doorstep, while local schools, parks, Canterbury Racecourse, and Belmore Sports Ground are all within easy reach. The existing full brick two-storey home, previously used as a medical practice with a residence above, offers flexible holding income potential or scope for renovation. Boasting an impressive 18.29m frontage and dual street access, this is an outstanding opportunity for developers, builders, investors, or land bankers looking to capitalise on a premium development site in one of Campsie's most sought-after locations. Key Features: + R3 Medium Density zoning + Approx. 785sqm corner block with dual street access + Wide 18.29m frontage + Previously granted CDC approval for a luxury triplex development designed by award-winning ES Design + Full brick two-storey existing residence + Former medical practice with residence above + Multiple living areas and flexible floor plan + Excellent holding income with a long-term tenant currently paying $1,100 per week + Prime location close to transport, shopping, schools, hospitals, and local amenities