canal apartments

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CANA L A PA RTM ENTS

2 4 A P A R T M E N T C O M P L E X I N R E D M O N D , O R C O M P L E T I O N – F A L L 2 0 22

Realize the opportunity of strong local market demand with this three story Central Oregon apartment complex. New

construction with desirable location along SW Canal Avenue in thriving Redmond, Oregon. 24 units, all 2 bed/2bath with preferred high quality amenities to support long-term stable income potential.

This is an immediate ROI opportunity as this complex will be fully leased upon closing.

Offered at $8,105,0003808 SW Canal Blvd | Redmond, OR

• Beautiful Custom Cabinetry

• Refrigerator

• Double-Pane Windows

• Air Conditioning

• Wood-Style Flooring

• Washer & Dryer

• Private Balcony or Patio

• Granite Countertops

• Stainless-Steel, Energy-EfficientAppliances

• Extra Storage Off of Balcony

• Dishwasher

• Garbage Disposal

• High-Speed Internet Access

• Reliable Cell Reception

• Cable-Ready Apartments

• Electric Vehicle ChargingStations

541ARCHITECTURE INC2958 NW 19TH STREETREDMOND, OREGON 97756PH. 541.788.5234

CANAL APARTMENTS12 17 20

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AERIAL VIEW LOOKING NE541ARCHITECTURE INC2958 NW 19TH STREETREDMOND, OREGON 97756PH. 541.788.5234


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Ryan Amerongen & Ryan Buccola541.213.8967 | 541.728.8551

Private and Confidential

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FLO OR PLA NS



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S ITE MA P


SS

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StorageBuilding

Landscapeand

amenities

Maintenance Building

12 Units3-Story

12 Units3-Story


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CANALAPTS

Private and Confi dential

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MAR KE T RE P ORT

SUBJECT PROPERTY COMP 1 COMP 2 COMP 3

LOCATIONCanal

ApartmentsRidgeview

HeightsThe Reserve at Metolius

Cypress at Triple Ridge

Address 3808 SW Canal Blvd 4124 SW Canal Blvd 3570 SW Metolius Ave 4633 SW 37th St

Proximity to Subject Property 0.4 miles 2.3 miles 0.8 miles

Neighborhood SW Redmond SW Redmond Central/West Redmond SW Redmond

Building Location Off of Canal Blvd, main street

Off of Canal Blvd, main street Off of 35th Ave A few blocks off of

Canal Blvd

AccessibilityClose to 97 and Prairie

Crossing Park, easy com-mute to Bend and airport

Close to 97 and Prairie Crossing Park, easy

commute to Bend and airport

Close to 126 and 97

Close to 97 and Prairie Crossing Park, easy

commute to Bend and airport

School DistrictRidgeview High School, Obsidian Middle School,

Sage Elementary

Ridgeview High School, Obsidian

Middle School, Sage Elementary

Vern Patrick Elemen-tary School, Obsidian Middle School, Sage

Elementary, Redmond High School

Ridgeview High School, Obsidian Middle

School, Vern Patrick Elementary & Sage

Elementary,

# of Units 24 78 100+ 144

Square footage of 2 bedrooms 964 1080 1036-1156 845 / 1065

Price of Available 2 Bedrooms $1550 - $1750 $1,450.00 $1445- $1645 $1500 / $1635 - $1745

$/sq ft of available 2 bedrooms $1.60 - $1.81/sqft $1.34/sqft $1.39 - $1.42/sqft $1.77 / $1.53 -

$1.64/sqft

CANAL APARTMENTS

NOTES

Canal Apartments are conveniently located in SW Redmond, with close proximity to the Redmond Airport and a quick commute to Bend. Close to schools and parks, with easy access to grocery stores and other local businesses. Many new-construction apartment complexes and residential neighborhoods show that this area is growing and quickly becoming a hot spot for newcomers and high quality living.



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MAR KE T RE P ORT


COMMUNITY AMENITIES

Canal Apartments

Ridgeview Heights

The Reserve at Metolius


Parking Off Street Parking 1 Covered Parking per unit Off Street Parking

On-Site Storage Exterior storage unit attached to all units

Extra garage storage offered for 2 & 3

bedroom. Extra storage attached to all units.

Exterior storage attached to each unit,

additional storage lockers available for rent

Bike Storage N/A N/A Bike hooks in unit

Garage N/A Garage space offered to 2 & 3 bedroom units N/A

Pet Friendly Yes Yes Yes

On-Site Management No Yes Yes

Package Service N/A N/ALuxerOne Parcel

Lockers, indoor secure mailboxes

Community Amenities

Children’s play area, parks on-site

Fitness center, Play ground area,

Indoor/outdoor pool and jacuzzie coming 2021

Pool, pet wash station, resident lounge

Community Grills/Patio Space Outdoor BBQ Area N/A Outdoor firepit and

BBQs, dog park

Fitness Center N/A Yes Yes

CANAL APARTMENTS

NOTES

We recommend the following amenities to remain competetive with surrounding new, multi-family complexes in Remond. Community amenities to consider include: secure package lockers such as Amazon Prime lockers, assigned covered parking spaces, on-site storage available, pet friendly units, and a community garden with plots available for tenants to reserve as their own.



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COMMUNITY AMENITIES

Canal Apartments

Ridgeview Heights

The Reserve at Metolius


AC/Heat sourceEnergy efficent in

walling heating and cooling

AC in unit along with ceiling fans, electric

heatingAC in unit

Kitchen Layout Island, Lots of counter space

Large U Shape kitchen, lots of storage and

counter space

U Shape kitchen, lots of counter and storage

space

Large U-Shape kitchen, pantry space

Kitchen FeaturesLarge kitchen, black appliances, custom

cabinetry

Double kitchen sink, stainless steel

appliances, gas range

Stainless steel appliances, 2 tone kitchen cabinets

Walk-in Closet Walk-in closet in master Master has large closet Double closet in master

Laundry In Unit W/D Full size W/D in unit Laundry closet in unit Full size W/D in unit

High Ceilings Yes 9 foot high ceilings

Private Patio/Deck Yes Yes Yes Yes

Flooring Material Wood laminate throughout

Wood laminate in kitchen/bathroom, some units have

carpet in bedroom and living room

Wood laminate in entry way and kitchen,

carpeting in bedrooms and living room

Wood laminate in living space, carpet in

bedrooms

Bathroom features Large main bath, room for storage

Master has walk in shower

Some master baths have double vanity

Step in glass showers, single vanity, ample

counter space

Fireplace Electric fireplace in living room N/A Yes N/A

CANAL APARTMENTS

NOTES

Unit amenities, including stainless steel appliances, ample kitchen storage, AC, hard surface flooring, and high-end fixtures are all important amenities to consider to increase value to potential tenants and help set this property apart from the rest. High ceilings for top floor units would help increase value and motivate renters to lease higher-price units.



canal apartments

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