538 1 Street

South Canmore, Canmore · MLS® A2306141

4,983 sq ft lot · Land · Vacant Land · 177 days on market

listed by Joseph Mensah, Royal LePage Benchmark

realtor's description

Great views of Canmore's iconic 3 sisters mountains. Welcome to a rare opportunity to own this lot at a location that blends mountain charm with modern comforts, offering an exceptional lifestyle for buyers or investors wanting to hike, bike or go on ski trips in the surrounding areas. The 50 x 100 ft lot with a back alley access is just waiting for the right developer to showcase her/his artistic talents. The property is being sold for the lot value only. Old cabin on the lot and the Seller makes no warranties or representations. Buyer to accept as is

property details

type: Land, Vacant Land
lot: 4,983 sq ft
parking: 0
days on market: 177
MLS®: A2306141

features

Back lane

property tax

about $8,526 a year

The asking price times Canmore's 2026 residential rate of 5.17 per $1,000 (municipal and education).

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.

monthly cost

$7,189/mo

Mortgage $7,189

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$7,189/ monthly

loan $1,320,000

25-year amortization

down payment20% · $330,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $836,668
land title fees: $3,070; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $333,070; down + land title fees
total paid: $2,156,668

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.