Canopy, 55 Deans Avenue, Addington, Christchurch

Introducing Canopy, 55 Deans Avenue, Addington, a landmark development of 91 townhouses and 38 apartments positioned directly opposite Christchurch’s iconic Hagley Park. This thoughtfully designed collection features a range of homes including dual-key townhouses, two and three bedroom townhouses, and two-bedroom apartments, each with private courtyards or balconies and secure parking. Every residence is designed to maximise natural light, functionality, and comfort, blending contemporary style with low-maintenance living for families, professionals, and investors alike.

Homes at Canopy are finished to a premium standard, featuring designer kitchens with Smeg appliances and stone benchtops, fully landscaped courtyards, LG washer-dryer combos, and stylish bathrooms. Dual-key townhouses provide income potential with a one-bedroom, one-bath unit on the ground floor and a two-bedroom, two-bath unit above, while three-bedroom townhouses offer two master suites with ensuite one on the ground floor and the other on the second floor, living on the first floor, and two additional bedrooms with a family bathroom on the second. Two-bedroom townhouses and apartments provide practical, modern layouts with ample storage, high-quality fixtures, and car parking or garages.

Residents enjoy secure parking with EV charging, landscaped communal spaces with seating and table tennis, and a premium on-site café. Canopy combines park-side tranquillity with city-fringe convenience, offering walking and cycling access to Hagley Park, easy connectivity to the CBD, and zoning for Christchurch Boys’ and Girls’ High Schools. With its mix of modern homes, premium finishes, and lifestyle-focused amenities, Canopy represents a rare opportunity to enjoy contemporary living in one of Christchurch’s most desirable locations.

completion due q2 2028

Location

Set on Deans Avenue in Addington, Canopy delivers unmatched proximity to Hagley Park’s 165 hectares of greenery, walking and cycling paths, and the Avon River, while the CBD, cafés, restaurants, and shopping are only minutes away. This city-fringe location also provides zoning for top schools, creating an ideal environment for families, professionals, and investors seeking both lifestyle and connectivity.

• Christchurch Girls' High School 1.6km

• Christchurch Hospital 1.9km

• Christchurch Boys' High School 2.4km

• New World Durham Street 2.5km

• Cathedral Square 2.9km

• Christchurch Airport 8.6km

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Investment Overview

Canopy, 55 Deans Avenue in Addington presents a compelling investment opportunity in one of Christchurch’s most central and fast-growing suburbs. Addington has delivered solid long-term capital growth of 4.78% over the past 10 years and 5.35% over 20 years, demonstrating consistent market performance. With the suburb’s median sales price at $595,000, Canopy is priced between $709,000–$1,109,000, offering investors the chance to enter a premium, high-quality development while benefiting from anticipated market gains leading up to 2028. Its central location directly opposite Hagley Park provides unparalleled lifestyle appeal while maintaining proximity to the CBD, key workplaces, and major transport links.

Rental fundamentals reinforce Canopy’s investment case. With median rents in Addington at $495 per week, this development has been appraised between $560–$1,020 per week, depending on the typology, delivering gross yields of 3.6%–4.8%. The dual-key townhouses offer additional income potential, appealing to investors seeking versatile cashflow opportunities. High-quality, low-maintenance builds with designer kitchens, stone benchtops, landscaped courtyards, and modern appliances make these homes particularly attractive to tenants, especially young professionals and small families seeking city-fringe convenience.

Canopy’s strategic location further enhances its long-term value. Residents enjoy walking and cycling access to Hagley Park, easy connectivity to the CBD, and proximity to Christchurch Boys’ and Girls’ High Schools. Major city infrastructure projects, including the Te Kaha Stadium opening in 2026, ongoing CBD revitalisation, and upgrades to public transport and local amenities, are expected to drive both rental demand and capital growth. The suburb’s accessibility, combined with its urban renewal, positions Addington as a prime location for investors targeting both income and long-term appreciation.

With ninety-one townhouses and thirty-eight apartments thoughtfully designed to maximise light, functionality, and comfort, Canopy combines lifestyle appeal with investment potential. The mix of modern layouts, premium finishes, secure parking, communal amenities, and dual-key options makes it a rare opportunity for investors to secure a high-quality, future-proof asset in Christchurch’s growing city-fringe market. For those seeking strong rental returns and long-term capital gains in a premium location, Canopy represents a strategic, well-rounded addition to any portfolio.

Our partner company, Thrive Investment Partners talks more about how you could benefit from purchasing a property off the plan early here.

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