If you missed the first open for this new listing in Waikiki due to the long weekend, you have another chance to see it tomorrow, then next Sunday. Although foot traffic was slower at open houses during Labor Day, this one did get quite a few inquiries due to its location and price.
While blogging about real estate, I've come to realize that Waikiki often gets a bad rap for its fame (or infamy) as a tourist destination. When it comes to Waikiki as a home, it's still a very desirable place to live—for those who work there, who love the ocean, and/or want to be "where the action is," especially the various events throughout the year. It just depends what part of Waikiki you live in.
The Canal House is at the Diamond Head end of Waikiki, so it's as quiet as it is convenient. It's walking distance to the beach, Kapiolani Park, and—best of all—the many restaurants on Kapahulu Ave.
This unit comes with one covered parking stall and has been updated a bit since it was purchased in 2004, so it's easy to move right in. At 598 square feet, it's also fairly spacious for a one-bedroom, especially in a spot like Waikiki.