857-875 Canterbury Road, Lakemba 2 Retail Properties Offered at $7,333,227 CAD in Lakemba

857-875 Canterbury Road presents a rare opportunity to acquire a high-profile development site in one of Sydney’s most connected and rapidly evolving corridors. Spanning 2,087 sqm, this corner parcel benefits from three-street frontage, ensuring exceptional visibility and access. The property previously held a Development Approval (now expired) for 52 residential apartments and three ground-floor commercial units totaling approximately 626 sqm, offering a strong foundation for future redevelopment plans (STCA).
Strategically positioned along Canterbury Road, the site is zoned E3 Productivity Support, providing flexibility for residential, commercial, or mixed-use projects. Its location offers seamless connectivity to major arterial routes including the M4, M5, and M7, while being just 14 km from Sydney CBD. Public transport is easily accessible with both Belmore and Lakemba train stations within walking distance. The property is also surrounded by key retail and lifestyle destinations such as Burwood, Hurstville, Roselands, and Bankstown, all within a short drive.
With a current rental prospect of approximately $250,000, this asset provides holding income while planning future development. This is an outstanding opportunity for developers and investors to secure a landmark site in a high-demand growth corridor, supported by strong local amenities, transport links, and urban renewal activity.