Rundle Cliffs Lodge Canmore

Rundle Cliffs Lodge Canmore sits where the Spring Creek neighbourhood meets downtown, a 2009 lodge of one- to three-bedroom suites and penthouses that the developer still lists as sold out. The fact that decides what a unit here can do is on the Town's 2025 assessment roll rather than in the marketing: of the 60 titled parcels at 379 Spring Creek Drive, 55 are assessed Tourist Home. That is the flexible class in Canmore, the one that can be a home, a long-term rental or a nightly rental, and it is why Rundle Cliffs trades differently from the residential-only lodges around it.

What Rundle Cliffs Lodge Canmore is, and what the roll shows

Condominium plan 0912250 was registered in 2009, which makes Rundle Cliffs one of the earlier Spring Creek lodges, built between the two creeks that give the neighbourhood its name. The developer's specification is what the resale listings still describe: rock fireplaces, picture windows, spa-style bathrooms, geothermal heating and cooling through in-slab floors, heated underground parking with storage lockers, an outdoor hot tub, a lounge with a pool table and an exercise room, with landscaped courtyards opening onto the Spring Creek trail system.

On the roll, 55 of the 60 parcels are Tourist Home, two are residential, one is a primary residence, one is a small commercial title and one is a parking stall. The Spring Creek guide sets Rundle Cliffs beside the neighbourhood's other lodges; most of them are residential-only, which is what makes the class here worth paying attention to.

Is nightly rental permitted at Rundle Cliffs Lodge

Yes, on the tourist-home titles, with a Town of Canmore business licence per unit at $150 a year and the licence number in every advertisement. Spring Creek Vacations, the developer's management arm, offers professionally managed short-term rentals to owners in the building, and many units are rented that way; others are simply lived in. Since 11 March 2025 a residential unit in Canmore cannot be converted to tourist-home use, so the 55 tourist-home titles at Rundle Cliffs are a fixed set, which is part of what they are worth against a residential lodge.

What it costs to own at Rundle Cliffs Lodge Canmore

Property tax on a tourist home is 0.832% of assessed value all in for 2026, whether or not you rent it. On the roll's median tourist-home assessment of $956,000 that is about $7,950 a year; on the top penthouse assessment of $1,737,000, about $14,450. The property tax guide shows how the rate is built and why a tourist home pays more than a primary residence at 0.457%.

Condo fees carry the hot tub, lounge, exercise room, courtyards, underground parking and the geothermal plant, and a 2009 building is reaching the age where mechanical systems come up for renewal; the reserve fund study is the document that tells you whether the fee is keeping pace. If you rent nightly, add the management share, cleaning and linen, platform fees, Alberta's 6% tourism levy and GST once you cross the threshold or register.

The five documents that settle a Rundle Cliffs purchase

1. 1The assessment noticeConfirms the unit is one of the 55 tourist-home titles rather than one of the five that are not, and gives the value the tax bill is a percentage of.
2. 2The condominium documentsBylaws, budget, financial statements, reserve fund study and two years of minutes. Check the bylaws specifically on short-term rental; zoning permits what a corporation may still restrict.
3. 3The management agreementIf the unit is with Spring Creek Vacations or another manager: the split, owner-use rules, refurbishment obligations and the exit clause.
4. 4The business licenceIts status with the Town for the specific unit, and the transfer to your name after possession.
5. 5Two years of the unit's tradingMonthly, not annual. Spring Creek's location supports shoulder-season occupancy better than the highway corridor, but the numbers should show it.

How Rundle Cliffs compares with the rest of Spring Creek

Against White Spruce Lodge and the Tamarack, the other tourist-home lodges in the neighbourhood, Rundle Cliffs is a decade older and priced accordingly, with larger penthouse titles at the top. Against the residential lodges, Glacier Rock, Jack Pine and Creekstone, it carries the nightly-rental option those buildings cannot have. The Spring Creek guide compares every building.

Who Rundle Cliffs suits

A buyer who wants a walkable second home with the option of income between visits, and who values a proven 2009 building over a new one. An investor who wants tourist-home flexibility with an established on-site manager. A downsizer who wants to live in Spring Creek full time and does not mind paying the tourist-home rate for a building with a hot tub and a lounge. It does not suit a buyer who needs residential financing at 5% down for a rented unit; a short-term rental cannot be insured.

Financing a unit at Rundle Cliffs

Rundle Cliffs, Canmore's longest-established Spring Creek tourist-home lodge, is financed on how you will use the unit rather than on the building. Occupy it as a home and a conventional mortgage at standard down payments is usually available, because a tourist home is a dwelling. Rent it nightly and CMHC will not insure it, so expect 25% to 35% down and a lender who is comfortable with short-term rental income, which few count in full. Spring Creek Vacations' management history for the specific unit helps the file; a 2009 reserve fund study that shows the corporation keeping up helps more.

What this means if you are buying at Rundle Cliffs Lodge Canmore

Confirm the class on the title first, because five of the sixty are not tourist homes. Read the bylaws on short-term rental and the reserve fund study on a 2009 building. Get the management agreement if there is one, and the unit's own monthly numbers. Then price it at 0.832% property tax in the ROI calculator and compare it with the other tourist homes for sale and the rest of the Canmore condo buildings.