Canal Station North — 109 units, 6 stories, built 2007. Get verified HOA data and current listings from Jeff Reynolds.
Ballard • Leary Ave NW • Ship Canal Views
5450 Leary Ave NW • 109 Units • 6 Stories • Built 2007 • Ballard, Seattle
Building Profile
Canal Station North is a 109-unit, 6-story condominium at 5450 Leary Ave NW in Ballard, built in 2007. The companion building to Canal Station at 5440 Leary Way NW, it shares the same construction vintage and Leary corridor address while offering a slightly more intimate ownership scale at 109 units versus Canal Station's 169.
Upper-floor units at Canal Station North have views toward the Ship Canal and the Ballard Bridge — the historic bascule bridge that carries 15th Ave NW over the canal and serves as one of Ballard's defining visual landmarks. The 2007 construction vintage places the building's systems in the same general age profile as Canal Station, with the same 18-year reserve study milestone now relevant for buyers.
The Leary Ave NW address provides the same Ship Canal corridor character as its neighbor — industrial heritage, Burke-Gilman Trail proximity, and a distinctly different energy from Ballard's residential grid or NW Market St commercial core. Contact Jeff Reynolds for current listings, HOA data, and a direct Canal Station vs. Canal Station North comparison.
| Building Name | Canal Station North |
| Address | 5450 Leary Ave NW, Seattle, WA 98107 |
| Neighborhood | Ballard (Leary Ave / Ship Canal Corridor) |
| Year Built | 2007 |
| Total Units | 109 |
| Stories | 6 |
| Building Type | Condominium |
| Notable Feature | Upper-floor Ship Canal & Ballard Bridge views |
| HOA Fees | ~$0.73/sf avg · $362–$1,009/mo confirmed on 16 SCA MLS transactions |
| Rental Restrictions | Contact Jeff Reynolds to verify |
| Registry Status | Pending KC Assessor Verification |
| Nearest Transit | RapidRide D Line (~0.6 mi) |
| Last Verified | March 2026 — SCA Registry |
Current Inventory
Active Canal Station North listings updated in real time. With 109 units, inventory turns over regularly — contact Jeff Reynolds for off-market access and advance listing alerts.
View All Ballard Listings & Set Alerts →Due Diligence
Key factors for buyers evaluating Canal Station North. Jeff Reynolds reviews each of these in every Ballard buyer consultation.
Buyers evaluating the two Leary corridor buildings should assess the HOA structures independently — different buildings, different reserve funds, different per-unit cost trajectories even though they share vintage and address proximity. Canal Station is larger (169u) with more HOA scale; Canal Station North is more boutique (109u) with a tighter owner community. Both require the same 2007-vintage reserve study review. Jeff provides a direct side-by-side comparison on request.
Canal views at Canal Station North are floor-dependent. Lower floors face the street and adjacent development; upper floors have the Ballard Bridge and Ship Canal sightlines that justify a view premium. Before purchasing, confirm the exact floor, unit orientation, and what the view actually looks like from that specific unit — don't rely on building-level marketing. Jeff tracks which floors and units in each building have confirmed view positioning.
At 18 years old, Canal Station North is at the same reserve maturity point as its neighbor. Request the current reserve study, fund balance, and last 3 years of HOA meeting minutes as a first-order due diligence item. Confirm the reserve contribution rate accounts for the building's age and projected capital repair timeline. Jeff reviews reserve positions on every Ballard buyer consultation.
The Leary Ave NW address is walkable to Ballard's commercial core but not immediately adjacent to it. Weekend Farmers Market visits require a 10–15 minute walk. The Leary corridor's industrial-residential character is authentic Seattle — appreciated by buyers who value the area's heritage — but buyers expecting the immediate walkability of NW Market St or Ballard Ave should assess the actual walk routes before purchasing.
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Buyer Questions
Your Agent
Jeff Reynolds has guided Seattle condo buyers for over 20 years, including Ballard's Ship Canal corridor where Canal Station North's 109-unit scale, 2007 vintage, and Leary Ave NW positioning create a specific buyer proposition worth evaluating against its larger neighbor.
At 18 years old, Canal Station North's reserve study position is the primary due diligence focus. Jeff reviews reserve fund balance, contribution rate, and capital repair trajectory as a first-order condition before any Ballard buyer makes an offer. A building this age with no clear reserve review history is a significant risk factor.
Canal Station North's 109-unit scale is more intimate than Canal Station's 169 — fewer owners, a tighter community, and more direct HOA engagement. For buyers who value knowing their neighbors and having meaningful influence over HOA decisions, the smaller scale is a genuine advantage.
jeff.reynolds@compass.com • Compass Seattle
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HOA red flags, reserve study analysis, vintage-specific considerations, and the 12 questions every Seattle condo buyer should ask before making an offer.
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