Condominium at 10 Canal Street UNIT M2, Westerly
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22 photos

$150,000

10 Canal Street UNIT M2
Westerly, RI 02891
Listed by Caitlyn Wass
Bedrooms
0
Bathrooms
0.5
Living area
755 sqft
Year built
1888

About this home

Fantastic opportunity to own a commercial condominium in the heart of vibrant downtown Westerly! Zoned COMMERCIAL CONDO, NON-RESIDENTIAL. Located within the iconic Martin House, this unique 755-square-foot commercial condo offers a rare opportunity to own rather than lease your workspace. The building underwent an extensive renovation, creating a distinctive setting designed to accommodate both residential and commercial condominium ownership within the property. Unit M2 features a half bath, newer mini-split system, upgraded electrical, custom shelving, workbenches, and a versatile open layout ready to suit a variety of potential uses. Whether you're seeking a workshop, private office, studio, dedicated storage space, or another approved commercial use, this unit offers plenty of possibilities to make the space your own. Enjoy a convenient downtown location close to Westerly's shops, restaurants, amenities, and Amtrak station, with Watch Hill and Mystic just a short drive away and easy access to both Boston and New York. A unique opportunity to own a manageable commercial space in one of Westerly's distinctive historic buildings. Unit is designated for non-retail, non-residential use, and any intended use is subject to applicable approvals. Requires commercial financing or cash.

Property details

MLS #
1424509
Property type
Condominium
Subdivision
Westerly-Downtown
Status
Active
Days on market
N/A
On market date
September 30, 2026
Stories
1
Total bathrooms
0.5
Garage spaces
N/A
Parking spaces
1
Lot size
0.6506 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
State Street School
1.07 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
246
Student:teacher ratio
10.7:1
District
Westerly
Middle
Westerly Middle School
3.13 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
740
Student:teacher ratio
11.2:1
District
Westerly
High
Westerly High School
0.67 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
726
Student:teacher ratio
9.9:1
District
Westerly

Walkability

Blended score for Westerly's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

99
Highly walkable
out of 100
EPA National Walkability Index
19.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks10
Schools9
Transit stops5
Pharmacies4

Market position

How this listing compares to current activity in Westerly, from live MLS data.

On the market 0 days -- 44 fewer days than Westerly's current average of 44 days.
For reference, the median list price across 232 active listings in Westerly right now is $587,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,053/mo
$30,000 down
$120,000 loan
Principal & interest$778
Property tax (est.)$125
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.