Ballard · Seattle
Verified Data Updated March 2026Canal Station North
5450 Leary Ave NW
Policy at a Glance
The four questions every serious buyer asks before scheduling a showing.
Canal Station North: Key Facts
Profile by Jeff Reynolds, Seattle Condo Specialist · Compass Real Estate · 20+ years, 500+ transactions
About Canal Station North
Canal Station North is a Mid-Rise building in Ballard, Seattle. Built in 2007 with 109 residences across 6 stories.
Building Details
Address 5450 Leary Ave NW, Seattle WA 98107
Neighborhood Ballard, Seattle
Year Built 2007
Stories 6
Total Units 109
HOA Range Data TBV
Rental Policy Rental Friendly — No rental cap
Pet Policy Pet Friendly
Canal Station North is a 109-unit mid-rise at 5450 Leary Ave NW, built in 2007 as part of the larger Canal Station community in Ballard. The building blends modern urban living with strong lifestyle amenities and easy access to Ballard’s vibrant neighborhood fabric.
Residents enjoy concierge service, a fitness center, sauna, outdoor spa, community gathering spaces, and a dog run — an amenity set that stands out among Ballard’s mid-rise buildings. Just outside, Ballard’s mix of restaurants, boutiques, cafés, and the beloved Farmers Market create a highly walkable neighborhood experience.
With no rental cap, Canal Station North appeals to both homeowners and investors looking for flexibility. At nearly 20 years old, buyers should request the current reserve study to assess the building’s long-term financial health.
No rental cap means owners can lease their unit without HOA restriction. Ballard’s rental market is strong, and this building’s amenity package supports competitive rental pricing.
Frequently Asked Questions
Where is Canal Station North? +
5450 Leary Ave NW, Seattle WA 98107 — in the heart of Ballard, steps from the Farmers Market, top restaurants, boutiques, and cafés.
How many units does Canal Station North have? +
109 residences across 6 stories, built in 2007 as part of the Canal Station community.
Does Canal Station North have a rental cap? +
No rental cap. Owners may rent their units without HOA restriction, making Canal Station North attractive for investors as well as owner-occupants.
What amenities does Canal Station North offer? +
Concierge service, fitness center, sauna, outdoor spa, community gathering spaces, and a dog run.
Is Canal Station North pet friendly? +
Yes. Verify current pet restrictions, breed limitations, and weight limits with the HOA before making an offer.
Jeff Reynolds
Seattle Condo Specialist · Compass Real Estate · 20+ Years
Jeff Reynolds has spent 20+ years exclusively focused on Seattle's condo market, closing 500+ transactions and personally profiling 202+ buildings. His building-level expertise, grounded in HOA financials, reserve fund health, construction quality, and resale performance, is the foundation of every recommendation on this site. Have a question about Canal Station North?