Timber Peaks Canmore (Timber Peak Suites, 310 William Street)

Timber Peaks Canmore is the search name people type for Timber Peak Suites, a 156-unit visitor-accommodation development at 300 to 310 William Street on Bow Valley Trail. The Town of Canmore approved it as file PL20250375 on 12 May 2026: four buildings, 156 units, in the BVT-C Bow Valley Trail Central Commercial District. Units carry a 2028 build year, the listing record reads Zoning: Visitor Accommodation with short-term rentals allowed, and the developer's own site says the project is sold out. What follows is the ownership file rather than the brochure.

What is Timber Peaks Canmore, and is it the same as Timber Peak Suites?

Same building, different spelling. The marketing name is Timber Peak Suites, singular, and the plural is what buyers search. Both point to William Street. The name that does not point there is the Timber Peaks and Timber Haus trust offering, a separate Basecamp capital raise covered further down, and the two get merged constantly.

Work from the Town's record. PL20250375 describes a visitor accommodation development of four buildings with a combined total of 156 units at 300 William Street. Visitor accommodation is a permitted use in the BVT-C district, so the file needed no use approval, only three variances: building projections, building height and eaveline height. The Development Authority approved it on 12 May 2026 and the appeal period expired on 4 June 2026 with no appeals filed. Units are marketed at 310 William Street, postal code T1W 3H1, and the listing cites legal plan 2511973. Read that as the plan number printed on a listing record, not as proof that a condominium plan is registered and that titles already exist. On a building with a 2028 build year, what an early buyer normally signs is a purchase contract, with title following completion. The same point reconciles the dates that look wrong at first glance. Unit 64 was on the MLS® System on 5 May 2026, a week before the Development Authority decided the permit, because pre-construction and assignment inventory is marketed ahead of construction rather than after it. Have your lawyer confirm at Land Titles which of the two you are actually buying, a registered unit or a contract.

Where 310 William Street sits, and why it is Bow Valley Trail and not downtown

Listing copy for the building calls William Street the heart of downtown. The record says otherwise. Pillar 9 files the address in the Bow Valley Trail community, the land use district is BVT-C Bow Valley Trail Central Commercial, and the nearest neighbours on the listing's own proximity list are Grande Rockies Resort at 901 Mountain Street, about 70 metres away, and the Sunset Mountain Inn on Sidney Street, about 130 metres.

This is the hotel corridor on the north side of the Trans-Canada, and that is a feature for a nightly rental rather than a flaw. Guests arriving by car find parking, highway access to Banff and Kananaskis, and restaurants within a block. What it is not is a five-minute stroll to Main Street, and buyers who model walkability and resale on a town-centre address will be disappointed twice. The Bow Valley Trail neighbourhood guide covers who the corridor suits.

Who is building it: Basecamp Resorts, and how Timberhaus differs from Timber Peaks

Basecamp is the Canmore-founded hospitality group behind Basecamp Resorts, and it describes itself as a development group focused on mountain communities. Its existing town properties are operator-held and profiled on our Basecamp Resorts Canmore page. Timber Peak Suites is the different case: a condominium sold door by door to private buyers.

Then there is the offering on the Parvis platform titled Timber Peaks and Timber Haus Trust Units. That is a trust and limited partnership interest in a Basecamp hotel project, with a stated minimum of $50,000 in the offering summary and $100,000 quoted for limited partnership units in the project overview, a three-year horizon, a 12% preferred return and a 23% projected internal rate of return, and its investment window has closed. It is a security governed by offering documents. Buying it gives you no title, no unit and no key.

Unit mix, sizes and floor plans at Timber Peak Suites

The developer advertises studios through four-bedroom-plus layouts; the MLS® remarks for unit 64 describe the range as efficient studios to spacious five-bedroom layouts. The unit mix itself is not published anywhere: not on the developer's site, not in the Town's file, not in the listing. Ask for the disclosure statement's unit schedule before you assume what you are buying into, because the ratio of studios to multi-bedroom plans sets both the nightly rate the building can command and the share of the condo fee your own unit carries.

The one plan we can describe from a listing record is a 508 sq ft one-bedroom, one-bathroom unit on a single level, with in-suite stacked laundry, a dishwasher, electric range, microwave and refrigerator, carpet, tile and vinyl plank flooring, a balcony, central air and one assigned parking stall. Structure type is a low rise of two to four storeys, with four floors total and poured concrete foundations. Ask for the specific floor plan and the parking stall assignment on any unit you look at, because on a four-building site those vary.

What the first Timber Peaks Canmore listings show for price, size and condo fees

One public record, so treat it as a data point rather than a market. Unit 64 was listed on 5 May 2026 at $520,223 for 508 sq ft, which is about $1,024 per square foot, with a $468 monthly condo fee. The listing showed as inactive on 26 May 2026 after 21 days. Inactive is not the same as sold. There is no public sold price, so the unit may have sold, expired or been withdrawn, and only a REALTOR® with Pillar 9 access can tell you which of the three happened.

Against the 2025 Canmore averages, an $814,000 apartment condo and a $978,000 hotel condo, a $520,000 studio-scale unit at Timber Peaks Canmore is an entry ticket rather than a bargain. The price per square foot is the number to argue about.

Amenities, and what a pool and three hot tubs mean for your monthly fee

The Timber Peaks Canmore amenity package is an indoor pool with a waterslide, three hot tubs and a fitness centre, plus elevators, storage, snow removal and parking. Those amenities are the marketing case: they raise nightly rates and they fill shoulder-season weekends with families.

They are also a permanent operating and replacement liability. Pool plant, pumps, chlorination, the slide structure, tub shells, heaters and the make-up air handling all sit in the reserve fund study, and no reserve fund study exists for this building yet, so nobody can tell you today what year those components come due or what the corporation has set aside for them. The $468 fee that includes common area maintenance, gas, insurance, reserve fund contributions, sewer and water is a developer's first-year budget on a building that has not run a single winter. First-year budgets are estimates set to sell units, and the first real reserve fund study usually resets them upward.

Is Timber Peaks Canmore zoned for short-term rentals?

Yes, and the wording matters. The listing record reads Zoning: Visitor Accommodation and Restrictions: Pets Allowed, Rental, Short Term Rentals Allowed. The Town defines visitor accommodation as a building or group of buildings not for residential use, rather only for short-term stays of up to 30 days, and lists it as a permitted use in the BVT-C district.

That is a different designation from a tourist home. 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. Existing tourist homes keep their status, and conversion to residential is one-way and fee-free to 31 December 2026. None of that reaches 310 William Street, because this building was never in a residential district. It also means the flip side applies: no one can occupy a unit here as a residence, in the way our tourist home versus residential versus visitor accommodation explainer sets out. Personal use is a guest stay in your own asset, and any rental-pool or management agreement will cap how many nights of it you get, usually excluding peak dates. Nightly rental still needs a Town business licence per unit, and Alberta's tourism levy rose to 6% for bookings after 31 March 2026. The tourist home zoning guide sets out the licensing side.

How a Visitor Accommodation condo is taxed in Canmore

A Timber Peaks Canmore unit is assessed as visitor accommodation, which is non-residential and the Town's most expensive class, and it sits outside the Livability Tax entirely because the Livability Tax applies to residential dwellings that are not someone's primary residence. A unit that legally cannot be anyone's residence never enters that test, and there is no declaration to file.

Non-residential (visitor accommodation), 2026

0.957%

About $4,980 a year on $520,223

Tourist home, 2026

0.832%

About $4,327 on the same value, for comparison only

Primary residence, 2026

0.457%

About $2,375 on the same value

The middle row is there because a tourist home is the other product a buyer at this price point tends to shop: a Silvertip or Three Sisters unit that can be rented nightly and lived in. It is taxed below visitor accommodation and well above a primary residence, which is worth knowing before you settle on a building type. The gap between the top and bottom rows is roughly $2,600 a year on a modest unit, and it is structural rather than negotiable. Run your own figure through the property tax calculator and the nightly-rental economics through the tourist home ROI calculator before you decide the yield works.

Buying pre-construction or resale: deposits, GST, assignment and completion risk

1. 1Confirm which route you are onThe developer's site says the project is sold out, so you are buying either a resale of a completed unit or an assignment of an original purchaser's contract. The paperwork, the deposit position and the GST treatment differ.
2. 2Read the assignment clausePre-construction contracts usually allow assignment only with the developer's written consent, often with a fee and a marketing restriction. Some prohibit it outright until closing. That clause governs the deal, not the price you agree.
3. 3Budget GST at 5%, with no rebateNew construction attracts GST. The new housing rebate requires the buyer or a relation to occupy the unit as a primary place of residence, which a visitor-accommodation title cannot be, and the rental property rebate is for long-term residential leases. GST has also applied to assignment sales since 7 May 2022. See our [GST on new construction guide](/blog/gst-on-new-construction-canmore/) and take advice from an accountant, because the mechanism matters: an owner who registers for GST and charges it on nightly bookings can generally recover the 5% paid on the purchase as an input tax credit, which turns roughly $26,000 of sunk cost into a timing question. Whether you qualify, and what happens if you later stop renting nightly, is an accountant's call.
4. 4Model the financing before you offerLenders treat an STR-zoned, non-residential-class condo as commercial-adjacent. It cannot be CMHC insured, projected nightly revenue is usually discounted heavily or ignored, and 25% to 35% down is the practical range. The list of lenders who will fund it is short. Our [financing a short-term rental guide](/blog/financing-a-short-term-rental-canmore/) covers the questions to put to a licensed mortgage broker first.
5. 5Price the completion riskA 2028 build year is a target, not a promise. Ask what the contract says about outside dates, interim occupancy, deposit protection and your rights if completion moves, and have a real estate lawyer read it before conditions come off.

How Timber Peaks Canmore compares with the established Bow Valley Trail rental buildings

The honest comparison is between a unit you can buy today and one that completes in 2028. Both are on the same corridor.

A brand-new building carries no deferred maintenance and no history. An older one carries both, but you can read its budget, its minutes and its actual nightly performance before you commit. That trade-off is the decision, and the buildings hub and our new construction condos guide lay out the other addresses worth weighing, including Grande Rockies.

What this means if you are buying

Treat Timber Peaks Canmore as a nightly-rental business with a title attached, not a mountain home you sometimes rent. The zoning permits what the brochure promises, and it forbids what some buyers assume: you cannot live there, and your own stays are guest stays. Budget roughly $883 a month in fee and tax before financing on a $520,000 unit, add 5% GST with no rebate, plan on 25% to 35% down, and expect the condo fee to move once the corporation runs its first winter and orders its first reserve fund study. Because the developer is sold out, the only way in is a resale or an assignment, which means someone has to be watching the address for you. If you are buying from Calgary, Vancouver or further afield, that is workable: there is no finished unit to tour anyway, and what you actually inspect is paper. The purchase or assignment contract, the disclosure package, the interim budget and any management agreement can all be pulled and read by a REALTOR® and a real estate lawyer without you flying in.