586-598 Canterbury Street, Boston, MA for sale

Investment Overview

Boston Realty Advisors is pleased to present 586-598 Canterbury Street, a 46,021 SF ground-up residential development opportunity located in the Roslindale neighborhood of Boston. Situated on a 41,732 SF parcel with frontage on American Legion Hwy, the approved plans call for 46 residential units with 32 on-site parking spaces, positioning much-needed housing density in one of Boston's most walkable, transit connected, in-demand outer neighborhoods. Roslindale continues to post healthy residential fundamentals across both for-sale and rental product. Condominiums in the submarket carried a median sale price of +/-$600,000 and +/-$520 per square foot, with a median 40.5 days on market. Rental demand in Roslindale has climbed as tenant preference grows for more space, open-air, parking, and proximity to rapid transit. Rental rates in Roslindale are strong and reflective of sustained demand in a supply-constrained submarket. Taken together, the data points to a neighborhood with sustained price appreciation, tight inventory, and absorption speed well ahead of national benchmarks — a favorable backdrop for lease-up and potential condo exit alike. Canterbury Street sits within proximity to Roslindale Village, the neighborhood's commercial and civic core, and benefits from direct access to the MBTA Needham Line Commuter Rail as well as multiple bus routes connecting to Forest Hills Orange Line station offering residents immediate transit accessibility. The surrounding submarket is characterized by strong owner-occupant demand, a walkable village center, and continued reinvestment — making it an attractive target for both developers and long-term multifamily investors.