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Canal Place

Canal Place

Canal Place
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

200 Market St
Lowell, MA 01852
119 Units
8 Stories
1908 Year Built
$229K - $616K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Medical Services
  • Waterfront
  • Open Floorplan
  • Canal View
  • Community Pool
  • 4 min walk to Lucy Larcom Park

Historic mill transformed into urban living

Canal Place, a former textile mill built in 1908, stands as a testament to Lowell's industrial past reimagined for modern living. This 8-story building in downtown Lowell houses 119 condominium units, blending historical character with contemporary comfort. The red brick exterior and large rectangular windows reflect its industrial heritage, while the interior spaces have been thoughtfully renovated to meet the needs of today's residents. Situated along the city's iconic canal system, Canal Place offers a unique living experience that connects residents to Lowell's rich history and vibrant present.

Versatile layouts with industrial charm

Canal Place offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to spacious three-bedroom homes. The one-bedroom layouts span from 456 to 1,498 square feet, with prices starting at $199,000. Two-bedroom units, ranging from 746 to 2,396 square feet, are priced between $255,000 and $365,000. For those seeking more space, three-bedroom units offer 1,440 to 3,030 square feet of living area, with prices around $440,000. Many units feature open-concept designs that maximize space and natural light. The industrial heritage of the building is evident in details such as exposed brick walls, wood beams, and soaring ceilings. Large windows, some floor-to-ceiling, provide ample natural light and, in some cases, picturesque views of the canal or downtown Lowell. Kitchens in many units have been updated with modern amenities, including stainless steel appliances, granite countertops, and custom cabinetry. Some homes boast unique features like breakfast bars, pantry closets, or kitchen islands. Bathrooms often include updated fixtures and finishes, with some featuring heated floors for added comfort. Storage is abundant in many units, with some floor plans offering walk-in closets, additional storage rooms, or clever built-in solutions. In-unit laundry is a standard feature, adding convenience to daily life. Some units also include private balconies or lofted spaces that can serve as home offices or additional living areas. Monthly HOA fees range from $200 to $900, covering water, insurance, ground maintenance, and trash removal. These fees also include heat in many units, which can significantly reduce monthly living expenses for residents.

Convenient features for comfortable city living

Canal Place offers a range of amenities designed to enhance the urban living experience. The building features secure entry systems and an intercom for visitor access, ensuring residents' safety and peace of mind. An elevator provides easy access to all floors, making the building accessible for all residents. One of the standout amenities is the parking options available to residents. The building offers both front and side parking areas, as well as direct access to the adjacent Leo Roy city parking garage. This variety of parking solutions is a significant benefit in a bustling downtown area where parking can often be a challenge. For those who enjoy outdoor relaxation, Canal Place boasts a wood-beamed atrium with skylights, providing a bright and airy common space for residents to gather or unwind. The building also features a community pool, offering a refreshing retreat during warmer months. Additional storage units are available for residents who need extra space beyond their apartments. This feature is particularly valuable for those downsizing from larger homes or for residents with seasonal items to store. The building is pet-friendly, allowing up to two pets per unit (subject to certain restrictions), which is a significant draw for animal lovers. This policy recognizes pets as important members of many households and contributes to the community feel of the building. Laundry facilities are provided within the building, supplementing the in-unit washers and dryers found in many apartments. A secure mail room ensures that residents' packages and correspondence are safely stored until collection. The inclusion of central air conditioning in many units is a comfort-enhancing feature, especially appreciated during Lowell's warm summers. This, combined with the central heating systems, ensures year-round comfort for residents. Maintenance and upkeep of common areas are handled by the building management, allowing residents to enjoy the amenities without the worry of personal upkeep. Snow removal services are also provided, a valuable amenity during New England winters.

A vibrant downtown rich in culture and convenience

Canal Place is situated in the heart of downtown Lowell, a city known for its rich industrial history and ongoing cultural renaissance. The neighborhood surrounding the building is a tapestry of historical sites, modern amenities, and diverse entertainment options, all within easy reach of residents. The Lowell National Historical Park, which encompasses much of the downtown area, offers a unique backdrop to daily life. Residents can explore the city's industrial past through preserved mill buildings, canal walks, and museums. The park's visitor center, located next to Canal Place, serves as a gateway to understanding Lowell's significant role in the American Industrial Revolution. Cultural attractions abound in the neighborhood. The Merrimack Repertory Theater, known for its high-quality productions, is just steps away from Canal Place. Art enthusiasts will appreciate the proximity to numerous galleries, including the Millwork Gallery and the eclectic offerings at Mill No. 5, a repurposed mill space housing independent shops, a cinema, and regular events. For music and entertainment, residents need not venture far. Boarding House Park, a short walk from Canal Place, hosts outdoor concerts and festivals throughout the summer months. The Lowell Memorial Auditorium and Tsongas Center at UMass Lowell bring in a variety of performances and events year-round. The area is rich in dining options, from casual eateries to fine dining establishments. Residents can enjoy a diverse culinary scene, with restaurants offering everything from traditional New England fare to international cuisines. The Old Court Irish Pub and Restaurant, a neighborhood favorite, is just a five-minute walk away, offering a cozy atmosphere and hearty meals. For everyday needs, the neighborhood is well-equipped. Market Street Market, a convenient grocery store, is less than a five-minute walk from Canal Place. For more extensive shopping, several supermarkets, including Market Basket and Hannaford, are within a short drive or bus ride. Outdoor enthusiasts will appreciate the proximity to several parks and recreational areas. Lucy Larcom Park and Kerouac Park are both within a five-minute walk, offering green spaces for relaxation or exercise. The Bruce Freeman Bike Trail provides opportunities for cycling and jogging. The neighborhood's educational institutions add to its vibrancy. UMass Lowell and Middlesex Community College have campuses nearby, contributing to a youthful and dynamic atmosphere. The Pollard Memorial Library, a beautiful historic building offering a wealth of resources, is just a five-minute walk from Canal Place. Living in downtown Lowell means being part of a community that values its history while embracing modern urban living. The mix of historical sites, cultural venues, dining options, and everyday conveniences creates a rich and engaging environment for Canal Place residents.

Well-connected with multiple transit options

Canal Place's downtown location provides residents with a variety of transportation options, making it easy to navigate both within Lowell and to surrounding areas. The building's central position means that many of the city's attractions, services, and amenities are within walking distance, reducing the need for frequent car use. For those who rely on public transportation, Canal Place is exceptionally well-served. Several bus stops are located within a five-minute walk of the building, offering connections to various parts of the city. The Leo Roy Parking Garage bus stop, just a minute's walk away, is served by multiple routes including the Broadway/UMass Lowell line, Downtown Shuttle, and Downtown/UMass North line. This provides convenient access to the university campuses and other key areas of the city. Additional bus stops on Dutton Street and Merrimack Street, all within a five-minute walk, connect residents to routes serving Centralville, Dracut/Tyngsboro, and Pawtucketville. This extensive bus network ensures that most areas of Lowell are easily accessible to Canal Place residents. For longer-distance travel, the Lowell commuter rail station is about a 15-minute walk or a quick 5-minute drive from Canal Place. This station, served by the MBTA's Lowell Line (also known as the Purple Line), provides direct access to Boston's North Station, making it convenient for those who work or frequently visit the city. Canal Place is also well-positioned for car owners. The building offers parking options, including front and side parking areas, as well as direct access to the Leo Roy city parking garage. This is a significant advantage in a downtown area where parking can often be challenging. For those traveling further afield, Canal Place provides easy access to major routes. The Lowell Connector, Route 3, and Interstate 495 are all within a short drive, facilitating travel throughout the region. Cyclists will find that while Lowell is somewhat bikeable, there's room for improvement in cycling infrastructure. However, the presence of the Bruce Freeman Bike Trail nearby offers a safe and enjoyable route for recreational cycling. For air travel, Canal Place is conveniently located about 45 minutes by car from both Manchester-Boston Regional Airport and Boston Logan International Airport, providing options for both domestic and international flights. The variety of transportation options available from Canal Place allows residents to tailor their commutes and travel plans to their individual needs, whether they prefer to walk, use public transit, or drive. This flexibility, combined with the walkability of the downtown area, contributes significantly to the convenience of living at Canal Place.

Building Details

Recreation

  • Outdoor Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Outdoor Features

  • Waterfront
  • Common Area

Amenities

  • Canal Views
  • Medical Services
  • Shops
  • Coin Laundry
  • Community Storage Space
  • Controlled Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Detached Garage
  • Common or Shared Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Pet Policy

  • Call for details about the types of pets allowed

Condo Association

  • $207 Monthly HOA Fees
  • Monthly HOA Fees Range from $207 - $893
  • Association fees include water, insurance, ground maintenance, trash
  • Canal Place 2 Community

Building Design

  • Mid-Rise Condominium
  • Elevator

Unit Features

  • Open Floorplan
  • Laundry in unit
  • Washer and Electric Dryer Hookup

Unit Information

Date
06/12/2024
05/09/2024
06/28/2024
08/16/2024
08/12/2024
06/10/2024
07/09/2024
05/29/2024
07/24/2024
08/26/2024
Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
1 Bed
2 Beds
Baths
1 Bath
1.5 Baths
1.5 Baths
1.5 Baths
1.5 Baths
1.5 Baths
1.5 Baths
1 Bath
1 Bath
1 Bath
Sq Ft
820
1,494
1,454
1,458
1,462
1,452
1,522
785
503
865
Price
$308,050
$360,000
$348,000
$360,000
$347,500
$345,000
$360,000
$255,000
$199,000
$297,000
Price / Sq Ft
$376 / Sq Ft
$241 / Sq Ft
$239 / Sq Ft
$247 / Sq Ft
$238 / Sq Ft
$238 / Sq Ft
$237 / Sq Ft
$325 / Sq Ft
$396 / Sq Ft
$343 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
456 - 1,498
Est. Values
$228,715 - $484,468
2 Bedroom Units
Sq Ft Range
746 - 2,396
Est. Values
$316,946 - $534,194
3 Bedroom Units
Sq Ft Range
1,440 - 3,030
Est. Values
$432,997 - $616,075
All Units
Sq Ft Range
456 - 3,030
Est. Values
$228,715 - $616,075

Map

Area Factors

Bikeable

Bike Score®

51 / 100

Walker's Paradise

Walk Score®

94 / 100

Good Transit

Transit Score®

60 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

70 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$176K - $556K
Range of Taxes in Building
$2,019 - $6,381
Range of Taxes per Sq Ft
$2.09 - $4.54

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.