37 Torrens Street, Canley Heights NSW 2166

6 bedrooms | multi-dwelling approved | Canley Heights | strong yield potential This property’s primary competitive advantage is its approved multi-dwelling configuration,a main house, granny flat, and studio on a single 506 m² block,which is rare in Canley Heights and directly addresses demand from investors seeking high rental yield or extended families requiring separate living spaces. For a buyer, this removes the typical approval risk and time cost of subdividing or adding secondary dwellings, making the income stream immediate and the property’s positioning defensible against standard single-house offerings. It serves best an investor with a medium-term hold strategy or a multigenerational household prioritising privacy and rental offset. The key risk is the bedroom count discrepancy across listings (five to six), which may reflect how the granny flat or studio is classified; a buyer should verify council classification to avoid valuation gaps. The 2015 last sale date suggests limited recent transaction evidence, so securing a building and pest inspection is prudent. The opportunity lies in the block’s configuration allowing flexible use,owner-occupy the main house while leasing the flat and studio, or fully lease all units for maximised cash flow. Hold this property for steady rental aggregation, or use as a base to trade up into a larger multi-dwelling portfolio in the same corridor.