8 Best Neighborhoods in Canmore: Where to Live in Canmore, AB

Canmore, Alberta, is a bustling mountain town with a variety of neighbourhoods to choose from. Whether you're looking for a luxurious mountain home with stunning views or a cozy condo, homebuyers moving to Canmore have an abundance of choices. Read on to explore the best, most expensive, and most affordable neighbourhoods in Canmore.

Best Neighbourhoods in Canmore

Canmore is home to some of the most beautiful neighbourhoods in Canada. Homes in Canmore range in size, price, and amenities, but they all offer homebuyers a unique mountain living experience. Each neighbourhood offers unique features and amenities, making them ideal places to call home.

Lion's Park

Lion's Park is one of the best neighbourhoods in Canmore, Alberta, boasting beautiful single-family homes, a green space with a playing field, and easy access to amenities. Located close to the shops and restaurants of Main Street, it stretches west to Larch and runs along the Bow River, providing stunning views of the surrounding mountain peaks and the river.

The area boasts a diverse mix of mature bungalows and redeveloped homes, showcasing the finest examples of local buildings. In addition to the outdoor tennis courts and massive playground, Lion's Park is close to a high school, the Canmore Recreation Centre, the Canmore Golf and Curling Club, and the skating pond. It's also conveniently located near the downtown core of Canmore.

Homes here typically range between $1 million and $3 million, though some may go for more.

Larch District

Another great neighbourhood in Canmore is the Larch District, located in the northwest corner of the city between the Canmore Golf and Curling Club and the Bow River. It offers quick access to amenities along Main Street and Railway Avenue and is a short walk or bike ride from the Recreation Centre, Skateboard Park, and Lions Park.

The district mainly consists of single-family dwellings developed in the late 1970s to early 1990s that typically list for over $1 million. It provides a peaceful environment for residents with a variety of housing options. The neighbourhood also features an outdoor rink/arena pad, trails for outdoor activities, and easy access to amenities.

Larch District offers something for everyone—quick access to amenities, a peaceful environment, and outdoor activities—making it one of the best neighbourhoods in Canmore.

Spring Creek

Nestled between Policeman’s Creek and Main Street, Spring Creek offers luxurious, modern architecture amidst serene natural landscapes. It is known as the heart of Canmore and is near downtown, with easy access to great restaurants and shops. 

Residents can enjoy outdoor activities thanks to central pathways, and the community offers a range of amenities. Homes in Spring Creek are typically condos offered for anywhere from $800,000 to over $1 million. While the prices for these homes don’t come close to the high end of condos in Calgary, where penthouses can list for up to $10 million, the downside is a lack of options priced below the $700s. 

Silvertip

Set amidst iconic mountain views, Silvertip is one of the most desirable neighbourhoods in Canmore, Alberta. Single-family real estate in this luxury resort can cost upwards of $8 million. These listing prices are fairly comparable to the higher end of Calgary’s luxury homes,  with prices starting around $3.5 million.

With large lots able to accommodate homes from 3,000 to 12,000 square feet, Silvertip offers detached homes, townhouses, semi-detached options, and sought-after condos. Amenities include the Silvertip Resort Golf Club, playgrounds, trails, and the clubhouse for weddings and events.

Cougar Creek

Continuing the discussion of neighbourhoods in Canmore, Alberta, Cougar Creek offers a desirable mountain living experience. With its proximity to an abundance of playgrounds, trails, and local shops and cafes, Cougar Creek is a popular choice. Homes for sale in Cougar Creek typically list in the $1 million range, though some condos may be available closer to the $600,000s.

Cougar Creek's north side location gives it glowing afternoon sunlight and scenic views of the Three Sisters and Ha Ling Peak. Plus, it’s a short drive or scenic stroll to Canmore's town centre, and extensive trail systems make it a great choice for those who want to get outdoors.

Eagle Terrace

Enjoying mountain views and plenty of sunshine, Eagle Terrace is a great neighbourhood in Canmore. With condo apartments, townhouses, duplexes, and detached homes, abundant options suit any budget for homebuyers moving to Alberta and considering this area. Those who are looking for detached homes will usually find them listed from $1 million to $3 million.

Eagle Terrace is on the north side of Bow Valley, with quick access to shops and amenities in downtown Canmore, and Eagle Terrace Park is a popular spot for residents to enjoy the outdoors. Enjoy living in a beautiful neighbourhood away from the hustle and bustle with reliable bus service available for convenient transportation.

Prospect

Situated off Three Sisters Drive, Prospect offers breathtaking views of the Bow River Valley and a mix of townhomes and single-family homes. The area is convenient to downtown and Bow Valley Provincial Park and is connected to the Three Sisters pathways. 

Prospect townhomes are located at the entrance to the community, and further on, spectacular single-family homes perched above the base of the river valley. It is also easily accessible downtown via river trails, close to West Canmore Park, and wildlife like deer and elk often pass through.

Three Sisters

The Three Sisters area is one of the best neighbourhoods in Canmore, Alberta, offering stunning views of the Bow River Valley, a mix of townhome and single-family dwellings, and convenient access to downtown and the Three Sisters pathways. Properties here range between the $600,000s for condos up into the low millions for single-family homes.

The Cairns, Crossbow, and Three Sisters Mountain Village are all part of the Three Sisters communities. Homeownership options range from apartments to townhouses, duplexes, and single-family dwellings to suit any budget.

Most Expensive Neighbourhoods in Canmore

Canmore is home to some expensive neighbourhoods, such as Rundleview Estates, South Canmore, Silvertip, and Lion's Park. These neighbourhoods offer residents luxurious homes, desirable amenities, and breathtaking views. While Calgary’s neighbourhoods with Rocky Mountain views are great, they simply can’t compete with these areas of Canmore. As such, they come at a premium cost.

Rundleview Estates

It is no surprise that Rundleview Estates is one of the most expensive neighbourhoods in Canmore. Situated on a hill beyond Quarry Lake, this subdivision has magnificent views of the surrounding peaks. 

It's located along Spray Lakes Road and provides easy access to downtown Canmore. The area offers a variety of housing options, from single-family homes to multi-unit townhouses. Homes usually list for between $800,000 and can reach up to around $3 million.

South Canmore

Alongside Rundleview Estates, South Canmore is one of the most expensive neighbourhoods in Canmore, Alberta. Situated south of Main Street and bounded by the Bow River and Policeman’s Creek, the area was originally populated with single-family homes. 

Homes in South Canmore range from $500,000 to just north of $2 million, with a mix of duplexes and single-family homes. Housing options range from under 1,000 square feet to well over 2,300 square feet, the majority built after 1980. 

Centennial Park, Canmore Day Care, and Millennium Park offer plenty of amenities for residents.

Silvertip

Also considered one of Canmore's best, the Silvertip neighbourhood, offers a range of amenities to its residents. Silvertip is desirable for those looking for a luxurious lifestyle in the Canadian Rockies. With its stunning mountain views and many amenities, it's easy to see why this neighbourhood is in high demand.

Lion's Park

Mentioned in the best neighbourhoods section, Lion's Park is one of the most luxurious and expensive neighbourhoods in Canmore. The area's natural beauty features high-end homes and close proximity to the city's amenities, making it an attractive option for those looking for a high-end lifestyle.

Most Affordable Neighbourhoods in Canmore

For those looking for more affordable accommodations in Canmore, three neighbourhoods stand out—Avens/Canyon Close, Cougar Creek, and Three Sisters. Each neighbourhood offers a range of amenities and attractive housing options at a relatively lower cost. Though the overall entry price is still higher than some communities, homebuyers drawn to beautiful Canmore can benefit from more affordable options.

Avens/Canyon Close

Offering a variety of affordable housing options, Avens/Canyon Close is one of the best neighbourhoods to consider in Canmore. Located on the eastern side of Cougar Creek and the northeast side of the valley, this area primarily consists of single-family homes, duplexes, and condominiums. Homes here typically list in the $1 million range but are more affordable than the town's more expensive options.

Residents benefit from close access to amenities like Elk Run Park, with an off-leash dog park, small shops, and cafes. 

Cougar Creek

Another neighbourhood deserving a second mention is Cougar Creek. Located close to downtown, it is a great choice for those who want to be close to the action but don't want to pay the higher prices of more central neighbourhoods. With plenty of trails, parks, and outdoor activities nearby, it is perfect for those who love the outdoors. Cougar Creek is one of the most affordable neighbourhood options in Canmore.

Three Sisters

Though it was mentioned earlier, the Three Sisters neighbourhood deserves another mention, thanks to providing an affordable living option in Canmore. It has long been an attractive option for those looking to purchase property while still enjoying the beauty of the area. 

Enjoy the Stunning Scenery in Canmore

Canmore is a beautiful mountain town with many great neighbourhoods. Whether you are looking for a neighbourhood boasting luxury homes and amenities or showcasing great views, the Canmore area has something for everyone. With its many outdoor activities and stunning scenery, it's easy to see why Canmore is quickly becoming one of the most sought-after places to live in Alberta.