Creekstone Mountain Lodge, Canmore: What Buyers Need to Know Before They Offer

Creekstone Mountain Lodge Canmore is a 56-suite building at 707 Spring Creek Drive, and the question that decides most purchases in this neighbourhood is settled before you open a floor plan: it is not a tourist home. On the Town of Canmore's 2025 assessment roll, not one title in the building is assessed Tourist Home, so no unit here can be rented nightly. That single fact sets the tax class, shapes the condo fee and defines who the buyer pool is. Here is what the roll, the plan and the condominium documents actually show.

What Creekstone Mountain Lodge Canmore is

Creekstone Mountain Lodge Canmore is a residential lodge on condominium plan 1810266, registered in 2018, with occupancies starting April 2018. The developer, Spring Creek Mountain Village, describes 56 suites from 730 to more than 1,700 square feet across one, two, two-plus-den, three and three-plus-den layouts, with multi-zone in-slab geothermal heating and air conditioning, a private courtyard with an outdoor garden hot tub, an owners' lounge and an exercise room. The developer's own inventory is long gone.

The Town's 2025 roll carries 55 roll numbers and 56 assessment parcels at 707 Spring Creek Drive, because one live-work title there is split into a residential assessment and a commercial one. The plan does not stop at that house number: four further parcels on plan 1810266 sit next door, a second live-work title at 701 Spring Creek Drive split into $821,250 residential and $273,750 non-residential, and non-residential bays assessed $428,000 at 711 and $282,000 at 703. Read across the whole condominium that is 52 market-rate residential titles, two live-work titles and four non-residential parcels; every count below is for 707 unless it says otherwise, because that is the house number the suites are sold under. The building sits between Policeman's Creek and Spring Creek, a flat walk from Main Street, in the same community as the rest of the Spring Creek development.

Is Creekstone Mountain Lodge a tourist home or a residential condo

Residential, on every market-rate title. Here is the roll split at 707 Spring Creek Drive, which is the only public record that settles it.

The four Vital Homes titles are the reason a $249,000 assessment appears in a building where the open-market suites assess a million, and no, you cannot simply buy one. They are Canmore Community Housing units, and the programme caps resale at 110% of CPI compounded annually on the original purchase price, so the value never runs with the open market. A buyer needs a household income under $250,000 and has to qualify on one of three routes: permanent employment of 30 hours a week for six months or more, twelve months' residency plus 20 hours a week or a Town business licence, or 60 months' residency in the last ten years. The perpetually affordable housing guide sets out how the restriction sits on title. Everything else on this page called market-rate means the 51 titles that are not restricted.

The Spring Creek Area Redevelopment Plan caps tourist homes at 300 across the whole community, and the roll shows where that allocation landed: 81 titles at the Tamarack, 55 at Rundle Cliffs Lodge, 55 at Timberstone Mountain Lodge, 46 at White Spruce Lodge and none at Creekstone, which is 237 of the 300 in four buildings. Since 11 March 2025 Tourist Home is no longer a permitted use in Canmore's established residential districts; it remains permitted only in Silvertip's STR-1 and STR-2 districts and on the Three Sisters Village parcels identified in that Area Structure Plan, which is where any new supply will come from. Existing tourist homes keep their status; conversion to residential is one-way and fee-free to 31 December 2026, which means the tourist-home stock in the established neighbourhoods can only shrink. A residential title at Creekstone cannot become one. The Canmore Land Use Bylaw guide sets out how the districts work.

Creekstone Mountain Lodge suite sizes and how the floors are numbered

The roll numbers the suites 100 to 113, 200 to 213, 300 to 314 and 400 to 412, with no 103 and no 110, so it carries 54 numbered suites across four residential floors plus an unnumbered live-work title at the address. The developer advertises 56 suites, which is the marketing count rather than the roll count, and the two figures are worth reconciling with the seller's title. Sizes run from 730 square feet at the smallest one-bedroom to more than 1,700 at the largest three-plus-den, in one, two, two-plus-den, three and three-plus-den layouts; the developer publishes the range and the layout types but no count of each. The assessed spread of $743,000 between the cheapest and the dearest market-rate title tracks floor, aspect, parking and finish as well as floor area, so read it as the range of value in the building rather than the range of square footage. Ask the seller for the registered floor plan rather than a brochure drawing, because the plan is what the unit factor is calculated from.

What Creekstone Mountain Lodge condo fees cover

There is no published fee schedule for the building and no town-wide average worth quoting, so take the monthly figure from the listing and check it against the corporation's budget. In a 2018 Spring Creek lodge the fee typically carries the geothermal heating and cooling plant, the elevator, heated underground parking, the courtyard hot tub, the exercise room and owners' lounge, snow clearing and landscaping, building insurance and the monthly reserve-fund contribution.

Your share of that budget is set by unit factor, not by square footage. The unit factor schedule sits on condominium plan 1810266 at Alberta Land Titles and is repeated in the information statement, and two suites of similar size can carry different factors. Read it before you compare two listings on fee alone. Since no published figure exists to check a listing against, run the arithmetic yourself on the two suites you are weighing: divide each monthly fee by that suite's square footage to get a dollars-per-square-foot number, then ask the corporation how the fee splits between operating cost and the reserve contribution, which is the sixth item in the document list below. A fee that looks low because the reserve share is thin is a deferred bill, not a saving. The Canmore condo fee guide explains how a mountain building's budget is built and why a low fee is not automatically the cheaper unit.

What units at Creekstone Mountain Lodge sell for

Assessed value is the public proxy, not a list price, but it is the only figure covering every unit in the building on the same date.

Market-rate residential titles

51

plus four Vital Homes titles and one commercial bay, 2025 roll

Median assessed value

$1,021,000

market-rate titles, Town of Canmore 2025 roll

Assessed range

$657,000 to $1,400,000

707 Spring Creek Drive, effective 18 February 2025

Canmore apartment condo average sold, 2025

$814,000

canmorealberta.com 2025 annual review, 483 sales

The median market-rate title at Creekstone assesses about 25% above the 2025 Canmore average sold apartment condo of $814,000, and above the $960,000 average sold tourist home, so this is not the cheap end of the market: what you are buying at that level is a larger, newer, walkable residential suite rather than a rentable one. Treat the comparison as directional, because an assessment is the Town's February 2025 valuation of every unit on one date and an average sold price is what a different mix of properties actually traded for over a year.

Spring Creek Canmore condos for sale in this building come from resale only, since it sold out from the developer, so availability is whatever an owner has chosen to list this month rather than an inventory the builder controls. Watch the whole community rather than one lodge: compare what is listed across the Spring Creek neighbourhood and against the wider Canmore condo market before you anchor on one listing.

How Creekstone compares with the other Spring Creek buildings

Set against the tourist-home lodges, a buyer at Creekstone Mountain Lodge Canmore does not pay the 20% to 30% premium a tourist-home title carries and cannot earn nightly income from the suite. Get the direction right on that premium: it is a price on the way in and a gain only on the way back out, so avoiding it is money kept today and value forgone at resale. What the residential class buys instead is the 0.457% or 0.833% tax rate rather than 0.832%, and a building with no guest turnover in the corridors. Against Origin, it has no age positioning and no care services. Every one of the Spring Creek Mountain Village buildings, and every other condominium in town, is listed on the Canmore condo buildings hub.

What you will pay in Canmore property tax on a unit here

The 2026 rates are 0.457% all in for a primary residence and 0.833% for a residential property that is not a primary residence, the Livability Tax rate. The tourist-home rate of 0.832% is shown only for contrast; it cannot apply here.

Provincial legislation exempts properties owned wholly or partly by Alberta residents from the higher rate regardless of use, so in practice the 0.833% column is a non-Albertan second-home owner's number. The declaration is due 31 December each year and a missed declaration means the higher rate. Run your own assessment through the Canmore property tax calculator, and the Canmore property tax guide covers the classes in full.

Putting a tenant in a unit here, and what the bylaws allow

Live in it, use it as a second home, or rent it long term on a residential tenancy. The constraint that surprises buyers is the corporation rather than the Town: condominium bylaws can restrict long-term rental further than the Land Use Bylaw does, with minimum lease terms, notice to the board before a tenancy starts, tenant undertakings to abide by the rules and in some corporations a cap on how many units may be tenanted at once. Ask for the rental clause and any board resolution under it before you underwrite a rental plan, because a bylaw amendment needs a special resolution and can arrive after you buy. The one Town-side exception to the nightly ban is a licensed bed and breakfast of no more than three rooms in a unit that is lived in, and a condominium's own bylaws will usually rule that out anyway. The fee-free conversion from tourist home to residential runs one way only and adds nothing to a title that is already residential.

Condo documents to read before you write an offer

1. 1The assessment notice for the unitConfirms the class (Primary Residential, non-primary residential or Vital Homes) and the assessed value the 2026 rate is applied to.
2. 2The information statement and estoppel certificateUnit factors, the reserve fund balance, contributions, any lawsuit or claim against the corporation, arrears and any special assessment levied or pending. Capped at $100 and $200 respectively in Alberta.
3. 3The reserve fund study and funding planPlan 1810266 registered in 2018, so ask for the current study and the update Alberta requires at least every five years. Look for what the geothermal plant, the parkade membrane and the roof are scheduled to cost and whether the board is collecting it.
4. 4Bylaws, rules and board resolutionsRental minimums, pets, parking, storage, renovations and short-term rental prohibitions. A corporation can forbid what the Town permits.
5. 5Two years of board and general meeting minutesWater ingress, insurance claims, geothermal service issues and fee-increase debates surface here before they reach a budget.
6. 6The budget and financial statementsHow much of the monthly fee goes to the reserve rather than to operations, and whether the operating account has run a deficit.
7. 7The title and the registered planThe unit factor, the parking and storage titles or assignments, and any caveats. A live-work bay in the same building means commercial neighbours and a mixed-use insurance profile.

Make the offer conditional on a satisfactory review with enough days for a lawyer or a document reviewer to read it. The Canmore condo buying guide lists the deal-breakers buyers find late.

What this means if you are buying at Creekstone Mountain Lodge

At Creekstone Mountain Lodge Canmore the zoning question is settled, so the documents are the work. Confirm on the assessment notice that the unit is residential and whether the seller declared it primary or non-primary, because that decides whether your first tax bill is closer to $4,661 or $8,510 on a median suite. Pull the reserve fund study on a 2018 building running geothermal and a parkade, read the rental clause in the bylaws before you plan on a tenant, and check the unit factor against the fee. Then price the carrying cost as fee plus tax plus insurance, not fee alone.