The four-lot holding at 89, 105, 107 and 111 Lake Street is being offered for sale via an Expression of Interest campaign closing Wednesday, 24 June 2026, through RWC WA agents Stephen Harrison and Brett Wilkins.
Positioned within the City Residential Precinct under the Canning Activity Centre Plan, the R-AC0 zoned site permits a range of higher-density residential and mixed-use outcomes, generally between six and nine storeys, with additional height incentives linked to sustainability outcomes.
The offering comprises a 10,157sqm parcel at 89 Lake Street and three adjoining lots totalling 5,362sqm at 105, 107 and 111 Lake Street. The sites are separated by a landscaped Urban Stream corridor connecting pedestrian pathways through the precinct.
Brett Wilkins, Director of Capital Markets at RWC WA, said the site reflected the growing shift toward larger-scale infill development opportunities in established urban areas.
“Sites of this scale within metropolitan growth corridors are becoming increasingly limited, particularly where the land is already titled and serviced,” Mr Wilkins said.
“From a development perspective, that removes a number of early-stage constraints and provides greater certainty around timing and delivery.”
“The location is also significant given its proximity to major transport infrastructure, government offices and established retail amenity.”
The site sits approximately 250 metres from Cannington Train Station and within walking distance of the Cecil Avenue Bus Interchange, Sevenoaks Senior College, the Cannington Leisureplex and Westfield Carousel.
The broader Cannington precinct has experienced substantial residential growth over the past year, supported by infrastructure investment, increasing housing demand and low vacancy rates across Perth’s rental market.
Stephen Harrison, Joint Managing Director at RWC WA, said the precinct was continuing to evolve under the City’s long-term planning framework.
“This part of Cannington is undergoing a significant period of urban renewal, particularly around the Cecil Avenue corridor,” Mr Harrison said.
“The Activity Centre Plan sets out clear expectations around residential density, housing diversity and improved connectivity, and this site aligns closely with those objectives.”
“The zoning framework provides flexibility for developers to consider a range of residential or mixed-use outcomes depending on market demand.”
Recent market data shows median house prices in Cannington have risen approximately 24 per cent over the past 12 months, while median unit prices have increased around 18 per cent. Rental vacancy rates across the broader region remain near one per cent.
