$1,599,000
1/54 BD · 4.5 BA · 3,813 SF · 0.33 AC
824 Highland View Loop
Redmond, OR 97756
#220229230 01 / 14
Pending
$1,600,000
215 NW Canal Boulevard
Redmond, OR 97756 · Sothmans
- Baths
- 0
- Acres
- 0.9
- Built
- 1972
Est. $9,602/mo~33 min to downtown Bend (approx.)
Listing by Compass Commercial Real Estate · 541-383-2444
MLS# 220199856 · Pending
01
About this home
Canal Commons consists of 8 single family homes and 1 duplex all on one tax lot. Total of 10 units. Five manufactured homes and five stick built. 100% occupied. The property offers strong cash flows with a 7.54% cap rate on in place income. Please refer to attached offering memorandum in documents section for rent roll and expenses. Tenants are separately metered for gas and electric. Owner pays water, sewer, and trash with some tenant bill backs in place. Located in the heart of Redmond, the property offers convenient access to local amenities and transportation routes. Its central location makes it an attractive option for residents seeking proximity to downtown Redmond and other key areas. The property sits directly off NW Canal Blvd, a growing mixed-use spine that has seen increased interest from developers due to recent zoning updates and urban renewal efforts Financing available. Call broker for details.
02
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03
Price history
Up $150K| Date | Event | Price |
|---|---|---|
| May 29, 2026 | Price increase+$150,000 (10.3%) | $1,600,000 |
| May 28, 2026 | Listed for sale | $1,450,000 |
From the MLS: original list price and latest price change. 131 days on market.
04
Drive times
~33 min to downtown Bend- Redmond Airport (RDM)~9 min · 2.5 mi
- Smith Rock State Park~17 min · 8.2 mi
- St. Charles Bend~30 min · 19.6 mi
- Downtown Bend~33 min · 21.8 mi
- Old Mill District~34 min · 22.8 mi
- Sisters~36 min · 24.4 mi
- Sunriver Village~53 min · 39.9 mi
- Mt. Bachelor~57 min · 42.9 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1972- Type
- Multi Family
- Year built
- 1972
- Stories
- 1
- Lot
- 0.9 AC · 39,204 SF
- HOA
- None reported
- Taxes
- $10,943/yr
- Subdivision
- Sothmans
- County
- Deschutes
- Days on market
- 131
- MLS #
- 220199856
- Appliances
- Dishwasher · Microwave · Oven · Range
- Flooring
- Carpet · Laminate
- Heating
- Electric · Forced Air
- Parking
- Attached Carport · Asphalt · Driveway · Gravel · On Street
- Construction
- Frame
- Roof
- Composition · Membrane
- Community
- Gas Available · Park
06
Location & schools
Sothmans44.2777° N · 121.1697° W
Directions- Elementary
- John Tuck Elem
- Middle
- Elton Gregory Middle
- High
- Redmond High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$9,602/mo$9,602/mo
$1,280,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $8,090
- Property tax (listing)
- $912
- Home insurance (est.)
- $600
20% · $320,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220225564Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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