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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 new day care center are located here as well. Average Range for newer construction single family and duplex starting: $1m.
Townhomes, including fourplexes: $600,000 – $650,000.

 

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. Average Range for single family: $650,000 – $850,000.
Average Range for Condo/townhome: $450,000- $550,000.

 

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.
Average Range for half duplexes: $750,000 – $850,000.

 

Rundleview – 1983-1998

Unique designs, residential single family and several townhome condo complexes. Located just below the Nordic Center… increased development with 1988 Olympics.
Average range for single family: $725,000 – $825,000
Average range for townhome: $450,000 – $550,000.

 

Homesteads – 1994-1998

Mostly single family with several townhome condo complexes. Walking distance to downtown.
Average range for single family: $850,000 – $1 m
Average range for townhome/condo: $550,000 – $750,000.

 

Prospect – 1997-2002

Larger River homes, continuing development of lots. Walking distance to downtown.
Average range for single family river homes: $2 million,
Average range for townhomes/condos: $750,000 – $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.
Average range for single family homes: $600,000
Average range for townhome/condos: $400,000 – $450,000

 

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.
Average range for duplexes: $750,000 – $850,000