For the first time in 56 years, 121 Queen Street is hitting the market, a rare 847sqm corner block sitting directly opposite North Strathfield Station. Joseph Assaf, Troy Wang and Alex El Hazouri from RWC Western Sydney are managing the sale.
The property holds decades of memories, in a neighbourhood that has transformed dramatically over the years. Where once the streets were quiet and the old Arnott’s biscuit factory stood as a local landmark, there’s now a thriving precinct of restaurants, gyms, services, and homes.
The Bakehouse Quarter, 600m away, has become a lively gathering place, full of energy and local character. Directly across the street from the family home, a brand new Metro Station will open soon - connecting the area to both Parramatta and the CBD in 20 minutes.
“For those of us who grew up here, it’s incredible to watch the changes,” a family spokesperson said. “We remember when this whole area was more industrial than residential, and when the idea of waterfront dining and Olympic Park attractions felt like a world away. Now there’s a real sense of vibrancy, and it feels like North Strathfield’s time has truly come.”
"The suburb is now at the heart of one of Sydney’s most ambitious urban renewal plans. The NSW Government’s transport-oriented development strategy is unlocking unprecedented opportunities in North Strathfield and neighbouring Homebush, with plans for more than 18,000 new homes and 3,000 new jobs in the precinct," Joseph Assaf from RWC Western Sydney said.
The rezoning of the area has opened the door to high-density developments up to 75 metres tall - about 22 storeys - providing substantial scope for growth and transformation. The site itself is zoned R3 Medium Density and offers enormous flexibility for a range of future uses, subject to council approval.
"The prominent location makes it ideal for low- to mid-rise residential development, such as townhouses, units, or even co-living or boarding house models. It’s also 14km from the CBD and surrounded by quality schools, hospitals, retail centres," Mr Wang said.
"There’s a deeper story here too, about a suburb evolving with its people. Property values in North Strathfield have grown significantly, with an 8.9 per cent increase in the last quarter alone, and a median house price of over $2.58 million. It’s the young families putting down roots here, the mix of cultures and generations, and the sense of belonging that’s hard to manufacture but easy to feel."
“Dad loved this place,” the family spokesperson said. “He would sit on the porch and watch the world go by. Over time, the world got bigger. But the heart of the street remained the same. We hope the next custodians of this home will feel as lucky as we did to be part of this community.”
