Canmore Area Neighbourhoods … where should you buy?

Canmore is a unique blend of  old and new neighbourhoods. With brand new homes sitting beside older ones every area in Canmore is a good area to invest, depending on what your priorities and requirements are. To find that perfect property, here is a bit of background on the Canmore area to get you started so you can be aware when buying into the local market.

This will give you an idea of how the town has grown from a Mining Town to the interesting, vibrant and funky place that it is now.

Following is a very general idea guideline for pricing. Please note the range can be huge depending on specific home details.

South Canmore

This area dates back to 1960 but many of these have been replaced starting in about 2000 with fourplexes, then duplex development and more recently single family new construction. This area is east of Main Street … proximity to central shopping, restaurants and amenities. Zoning in this area is mostly residential. The Middle School and day care center are located here as well.
Lot value : $875,000
New construction single family $2,000,000, new construction half duplex $1,500,000

Lions Park / Larch / Town Center /Railway

Built 1970s and 1980s and more recent condos up into the 1990s +. Also located on the valley floor and still within walking distance to main street. Many streets in Larch and Lion’s Park lead to the river and pathways.
Lot value: $750,000 +
Single family: $950,000
Condo/townhome: $600,000.

Hospital Hill

Several of the older cabins date as far back as 1940-50. New construction replacing these started in and around 2000… mostly half duplexes. Here once again mostly residential and a mix of older and newer construction. This area is located just across the bridge from the downtown area… walking distance to downtown.
Lot price (duplex lots) $850,000
New construction half duplex price $1,400,000

Rundleview – 1983-1998

Several of the older cabins date as far back as 1940-50. New construction replacing these started in and around 2000… mostly half duplexes. Here once again mostly residential and a mix of older and newer construction. This area is located just across the bridge from the downtown area… walking distance to downtown.
Lot price (duplex lots) $850,000
New construction half duplex price $1,400,000

Homesteads – 1994-1998

Mostly single family with several townhome condo complexes. Walking distance to downtown.
Single family: $$1,100,000
Townhome/condo: $750,000.

Prospect – 1997-2002

Larger River homes, continuing development of lots. Walking distance to downtown.
Lot value: $1,000,000+
Single family : $2.5 million+
Townhomes/condos: $950,000

Peaks of Grassi – 1997-2003

Residential area. Single family homes and townhome/condos. Longer walk but many pathways lead to downtown, Quarry Lake and river.
Single family $700,000
Townhome/condo $550,000

Quarry Pines – 2000-2002

Residential area located above Quarry Lake. Great pathways and views entering Quarry Lake area. Longer walk or bike but many pathways lead to downtown and river.
Half duplexes: $850,000

Three Sisters 2004 +

Single family $1,500,000
Half duplex $1,150,000
condo/townhome $750,000 +

Cougar Creek

Located on the north side of the Transcanada Highway. Considered the “sunny side” of Canmore. Many young families and more of a community neighborhood feel.
Single family $900,000
Townhome/apartment condo $600,000

Silvertip

Silvertip has is the highest location on the north side of the highway… often referred to as a truly remote feel!

Single family $2,000,000 +
Half duplex $1,450,000
Townhome $875,000

Eagle Terrace

Mostly single family homes with several ridge location townhome complexes. Newer construction, more consistent architectural design. North side of the highway.

Single family $1,350,000
Townhome $800,000
Apartment $650,000 +