Canby Land for Sale

Canby Land for Sale

Welcome to Canby, Oregon – a charming city nestled in the heart of Clackamas County! Known for its picturesque landscapes and small-town charm, Canby is a delightful blend of rural tranquility and urban convenience. With a rich agricultural heritage, this vibrant community boasts lush farmlands, blooming gardens, and an inviting atmosphere that makes it an ideal place to call home.

Canby is steeped in history, with its roots tracing back to the mid-1800s. Today, the city offers a plethora of amenities, including boutique shops, cozy cafes, and delightful restaurants that cater to a variety of tastes. The annual Canby Rodeo and the famous Canby Dahlia Festival are just a couple of the events that showcase the city’s vibrant community spirit and bring residents together.

For those looking to invest in land, Canby presents a unique opportunity. With its diverse landscapes ranging from rolling hills to serene riverfronts, the land for sale in this area is perfect for building your dream home or starting a new venture. Whether you envision a sprawling estate surrounded by nature or a quaint homestead within close-knit neighborhoods, Canby’s available land options cater to a variety of lifestyles and aspirations.

In addition to its scenic beauty, Canby offers excellent schools, parks, and recreational opportunities, making it a fantastic place for families and outdoor enthusiasts alike. With easy access to Portland and surrounding areas, you can enjoy the best of both worlds – the peace of rural living and the excitement of city life. Discover the charm of Canby and explore the land for sale that could be the perfect canvas for your future!

Newest Canby Land for Sale

$489,000
752637550 MLS
Rare opportunity to acquire a fully approved 5-unit townhome-style multifamily development situated on approximately 8,625 SF (0.198 acres) in the heart of Canby, Oregon. The project has received final City approval and is positioned within one of Canby's established residential neighborhoods.For approximately $780,000 in equity, a developer can satisfy the estimated 40% construction lender contribution typically required for a new multifamily development of this size. The underlying land is offered at $499,000, providing a compelling entry point into new construction multifamily development.PROJECT HIGHLIGHTS• Approved 5-unit multifamily townhome development• Approximately 8,625 SF lot (0.198 acres)• Final City of Canby approval with no appeals filed• Two-building design• Three larger townhomes with attached garages• Two additional residential units with dedicated parking• Approximately 6,824 SF total living area• Approximately 7,511 SF total built area including garages• Central Canby infill location with strong demand for new housing• Development package available upon requestBased on current planning assumptions:• Estimated total development cost: approximately $1.87M–$1.95M• Estimated equity requirement: approximately $747,000–$780,000• Expected annual rental income: approximately $155,400• Projected completed project value: approximately $2.085M• Potential upside scenario exceeding $2.2MGreat project for developers seeking:• Long-term rental ownership• Build-to-rent investment• Individual unit sales, subject to applicable legal, platting, condominium, and regulatory requirements• Hybrid hold-and-sell strategiesOpportunities to acquire approved multifamily infill projects in central Canby are increasingly limited. The Residences at Fourth Avenue offers a development-ready project with approvals in place, defined construction assumptions, and multiple potential exit strategies.Complete approval documents, site plans, development

442 NW 4TH AVE, Canby

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.