Seattle Condo Buildings
Canal Station
A late-2000s Ballard condominium south of Market Street, within walking distance of the Ship Canal and Ballard’s restaurant core.
Ballard · Seattle
At a Glance
- Built
- 2007
- Stories
- 169 homes
- Neighborhood
- Ballard
- Market
- Seattle
- Building Type
- Mid-rise condominium
About the Building
Canal Station at 5440 Leary Way NW delivered its first phase of 169 homes in 2007 as a six-story mid-rise. Continental Properties describes the broader Canal Station project as multiphase, which is why the community reads larger than a single building.
The setting is south of Market Street along Leary, within walking distance of the Ship Canal and Ballard's restaurant core, and slightly removed from the busiest retail blocks. Reported shared facilities include a fitness center, business and conference center, an outdoor jacuzzi and BBQ area, and a community lounge with kitchen.
Amenities
- Fitness center
- Business / conference center
- Outdoor jacuzzi and BBQ area
- Community lounge with kitchen
Rental & Investment Rules
Rental flexibility can materially affect both investment use and future resale. A building with no rental cap may still require a minimum lease term or prohibit short-term rentals.
- Building Rental Cap
- Current HOA documents required
- Current Cap Status / Waitlist
- Current HOA documents required
- Minimum Lease / Stay
- Current HOA documents required
- Short-Term Rentals Permitted by Association?
- Current HOA documents required
- Subleasing
- Current HOA details required
- Lease / Registration Requirements
- Current HOA details required
- Move-In / Rental Fees
- Current HOA details required
- Background Check
- Current HOA details required
Important
No Rental Cap ≠ Short-Term Rental
A building can allow an unlimited number of owners to lease their residences while still requiring a 30-day, three-month, six-month, twelve-month, or longer minimum lease. Rental-cap percentage and minimum lease duration are separate rules and should always be reviewed independently.
What Buyers Should Know
Due-diligence checklist
- Resale certificate
- Reserve study
- Budget and financial statements
- Insurance
- Assessments
- Capital projects
- Litigation
- Rental rules
- Owner occupancy
- Financing / warrantability
- Parking and storage rights
- View / future development
- Building systems and age
What Sellers Should Know
Who you compete with
Sellers compete with current same-building inventory, similar stacks, floor height, views, parking, condition, amenities and nearby buildings.
Current Listings
Currently available at Canal Station
Live availability for Canal Station is served by IDX Broker from NWMLS data. Editorial content on this page stays Pinnacle Group's own.
Live NWMLS listing data is not connected yet. This section is the reserved IDX Broker integration point, so no listing counts, prices, or availability are shown.
Listing data, when connected, is provided by Northwest Multiple Listing Service (NWMLS) through IDX Broker. Information is deemed reliable but not guaranteed and must be independently verified.
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Association rental and leasing rules, rental caps, current cap availability, waitlists, minimum lease terms, fees and short-term-rental policies can change at any time. Information should be independently verified through the current resale certificate, declaration, rules and regulations, association management and applicable City of Seattle requirements before purchase or lease.