10 Canton Street, Canterbury, NSW 2193

  • 8
  • 8
  • 5


Sold for $2,650,000 (Oct 01, 2021)

Small Block of 8 Apartments

A rare market offering with eight one-bedroom units included, this classic full brick complex provides an instant retirement plan or an exceptional addition to your investment portfolio. Nestled in a serene residential street, it comes complete with parking for five cars, high-quality tenants in place and ever-popular scope to add value on your own timeline, moments from the Cooks River Parklands and just a 700-metre walk from Canterbury train station. Land size 730 sqm approximately.

  • Low-maintenance block tightly held by the same owner for 58 years

  • Gross annual income June 2020 – July 2021 of $130,000 (approximately)

  • Torrens Title with possibility for Strata Title conversion (subject to council approval)

  • R4 High Density Residential zoning provides potential for redevelopment (subject to council approval)

  • Each apartment boasts a living/dining area plus generous bedroom

  • Neat bathrooms with combined tub/shower, internal laundries

  • Units would reward a modern renovation to maximise rent return

  • Vibrant lifestyle address steps to cafes, Woolworths and Plaza shops

  • Canton Street Park next door, minutes to schools and child care

  • Council rates: $1,795.84 per quarter approx.

  • Water rates: $1,924.82 per quarter approx.

    DISCLAIMER: Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or agent. Prospective purchasers are urged to rely on their own enquiries.

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Property Info:
  • Property ID: L11210940
  • Property Type: BlockOfUnits
  • Garages: 5
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R&H Suburb Profile: Canterbury

R&H Suburb Summary Houses
Number of sales 38
Average Price $1,353,806
Median Price $1,442,500
Median Rental Price $580 p.w.
Change in Rental Rate (5yr) 0 %
R&H Suburb Summary Units
Number of sales 107
Average Price $668,213
Median Price $662,500
Median Rental Price $430 p.w.
Change in Rental Rate (5yr) -7 %
Canterbury, NSW - Median Trend