3 Beds

4 Baths

2,551 SqFt

Active

Tucked gracefully above the canal, this one-of-a-kind waterfront residence blends timeless 1930s cottage charm with modern, high-end enhancements. Originally built in 1935, the home underwent an architect-led transformation in 2010 by Susan Collard, known for her sensitive approach to historic remodels, in collaboration with respected local builder Mike Mertes of Britewood Construction.The reimagined design added a second story featuring a serene primary suite with an en-suite bath and a reading nook. The main level was reconfigured to include a second full bathroom.Character was preserved throughout with custom fir trim, built-ins, and carefully matched windows, creating a seamless blend between old and new. The heart of the home—a beautifully designed kitchen with walk-in pantry—was built with both hospitality and heritage in mind. The previously unfinished basement was fully excavated and finished with poured concrete walls and floors—bringing functionality to the lower level.The original garage, previously converted to an office, has been thoughtfully remodeled into an inviting guest suite with its own bathroom. Highlights include a locally crafted metal sink, heated marble tile floors, and a cozy gas fireplace, creating a private retreat with architectural flair.In 2018, an additional detached studio was designed and built at the water’s edge—perfect for art, carpentry, or quiet reflection. A private dock with an electric boat lift was added for effortless access to the lake lifestyle.Lush, layered landscaping and bespoke stonework, created by Rick Hansen of Pacific Garden and Waterworks, frame the property with natural elegance and privacy, completing this truly special lakeside escape. Enjoy boating, canoeing or paddle boarding to the Farmer’s Market, dining lakeside, or catching a movie across the bay. Access to parks, along with nearby coffee shops and markets, makes everyday living feel like a retreat.** EV charger located along parking pad **

Property Details
Price $2,185,000
Bedrooms 3
Full Baths 3
Half Baths 1
Total Baths 4
Property Style Cottage,Traditional
Acres 0.17
Stories 3
Features HardwoodFloors,HighCeilings,Laundry,ReclaimedMaterial,SolarTube,TileFloor,WasherDryer
Exterior Features CoveredPatio,Dock,GuestQuarters,OutdoorFireplace,Patio,Sprinkler,ToolShed,Workshop
Year Built 1935
Fireplaces 2
Roof Composition
Waterfront Oswego Lake Canal
Heating ForcedAir
Foundation ConcretePerimeter
Lot Description GentleSloping,Terraced
Parking Description Driveway,ParkingPad
Association Fee 2700
Geographic Data
Directions LAKEVIEW OR McVEY TO SOUTH SHORE TO CANAL CIRCLE
County Clackamas
Latitude 45.401675
Longitude -122.715479
Market Area _147
Address Information
Address 17367 CANAL CIR
Postal Code 97035
City LakeOswego
State OR
Country United States
Listing Information
Listing Office Cascade Hasson Sotheby's International Realty
Listing Agent Sara Jones-Graham
Terms Cash,Conventional
School Information
Elementary School Westridge
Middle School Lakeridge
High School Lakeridge
MLS® Information
Days on market 125
MLS® Status Active
Listing Date Jun 6, 2025
Listing Last Modified Oct 9, 2025
Tax ID 00322396
Tax Year 2024
Tax Annual Amount 16111
MLS® Area _147
MLS® # 606849344

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This information is believed to be accurate, but without any warranty.