Bow Valley Trail, Canmore · MLS® A2341601
111
605 sq ft · Condo · Single Family · built 2007 · 54 days on market
listed by Thomas Krause, RE/MAX Alpine Realty
INVESTOR ALERT — Rare Canmore Tourist Home with Mountain Views!A fantastic opportunity to own a 1-bedroom, 1-bathroom Tourist Home offering the flexibility to generate short-term rental income or be enjoyed as a full-time residence. This bright corner unit features a well-designed floorplan, abundant natural light and beautiful wood floors. A gas fireplace creates a cozy Rocky Mountain atmosphere in winter, while A/C provides comfortable summer living.The unit is offered fully furnished and turnkey, including an in-suite washer and dryer, making it ready for immediate personal use or vacation rental. The property is currently successfully self-managed on Airbnb, providing an established rental model for a new owner.The west-facing balcony offers beautiful views across the Rundle Mountain Range toward Bald Head Eagle Peak. An underground parking stall in the neighboring Grand Rockies is included, and guests are permitted to use the indoor pool and fitness facility there.Parkland Plaza is an intimate complex with only 19 units, featuring elevator access and convenient electronic keypad entry—ideal for easy guest access and remote management. Restaurants are nearby and downtown Canmore is an easy walk away.With Tourist Home zoning, short-term rental flexibility, proven rental use, turnkey furnishings, mountain views and an excellent walkable location, this is a rare opportunity for investors seeking both income potential and a personal Rocky Mountain retreat. The list price is incl. 5% GST which most buyers would be able to defer. Consult with your professional accountant!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $2,950 · tax $387 · strata $1,017 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Canmore: CMHC's average there ($1,858) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $3,499 a year
The asking price times Canmore's 2026 residential rate of 5.17 per $1,000 (municipal and education).
The listing shows $4,641 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 96/100 · Very walkable: most errands on foot
Within a 10 minute walk: 3 grocery stores, 42 places to eat or drink, 8 cafes, 7 parks and playgrounds, 1 pharmacy, 23 transit stops.
mihom score from OpenStreetMap places, by straight line distance.