Timberstone Mountain Lodge Canmore

Timberstone Mountain Lodge Canmore is the last tourist-home lodge Spring Creek is likely to add for a while, and that is the first thing to understand about it. Its condominium plan was registered in 2024, and the Town of Canmore's 2025 assessment roll carries all 55 titled parcels at 1408 Spring Creek Gate as Tourist Home. Since 11 March 2025 no residential unit in Canmore can be converted to that class, so a new building with the designation is now a rare thing, and Timberstone was permitted before the door closed.

What Timberstone Mountain Lodge Canmore is, and what the roll shows

The building sits on the neighbourhood plaza, beside the summer water feature and winter skating rink, the cafe and the grocery-restaurant, a few minutes on foot from Main Street. Units were sold furnished and turn-key, aimed at owners who want to use the place and rent it nightly through Spring Creek Vacations, the developer's management arm, which operates the building's short-term rentals. The developer's listing describes upgraded two-bedroom condos with gourmet kitchens and stone fireplaces, a courtyard hot tub and an exercise room.

On the roll the class is uniform: 55 titles, all Tourist Home, on plan 2410122. That uniformity is unusual and useful; there is no mixed-class ambiguity to resolve, only the condominium's bylaws and the management agreement. The Spring Creek guide sets Timberstone alongside the Tamarack on the same plaza, White Spruce and Rundle Cliffs.

Is nightly rental permitted at Timberstone

Yes, on every title, with a Town of Canmore business licence per unit at $150 a year and the number shown in advertising, subject to the condominium's bylaws. Owners may also live in the unit or rent it long term; the tourist-home class allows all three. A conversion to residential is available, fee-free until 31 December 2026 and irreversible, and it would be an odd thing to do in a building bought for income.

What it costs to own at Timberstone Mountain Lodge Canmore

Property tax at the 2026 tourist-home rate of 0.832% of assessed value is about $9,300 a year on the roll's median assessment of $1,117,000 and about $13,760 on the top assessment; the property tax guide shows how the rate is built. Condo fees on a 2024 building with a hot tub, exercise room and underground parking are moderate and the reserve fund is at its youngest, which also means the first reserve study is the one to read carefully. Nightly rental adds management, cleaning and linen, platform fees, Alberta's 6% tourism levy and GST once revenue passes the threshold or you register.

The five documents that settle a Timberstone purchase

1. 1The assessment noticeTourist Home, and the value the tax is calculated on.
2. 2The condominium documentsBylaws on short-term rental, budget, financial statements, the first reserve fund study and the minutes so far.
3. 3The management agreementSpring Creek Vacations' arrangement for the unit: split, owner-use rules, furniture and refurbishment obligations, exit clause.
4. 4The business licenceStatus with the Town for the unit and its transfer after possession.
5. 5The unit's own tradingAs many months as exist under the current manager. Plaza-facing units in a new building book well early; the shoulder seasons decide the year.

How Timberstone compares with the rest of Spring Creek

Against the Tamarack, its neighbour on the plaza, Timberstone is two years newer, smaller, sold furnished, and assessed higher per title. Against White Spruce it is newer and denser. Against Rundle Cliffs it is fifteen years newer at a higher price. The Spring Creek guide compares every building.

Who Timberstone suits

An investor who wants a new, uniformly zoned, professionally managed short-term rental on a walkable plaza and is willing to pay for all four of those things at once. A second-home owner who wants weeks in the valley without running a rental themselves. It does not suit a buyer who wants quiet, or one who needs high-ratio financing on a rented unit.

Financing a unit at Timberstone

Timberstone, Canmore's newest tourist-home lodge, is bought almost entirely as an income property, and lenders treat it that way. Expect 25% to 35% down, no CMHC insurance on a rented unit, and a lender that will count some but not all of the managed rental income. The furniture package is not financeable in the ordinary sense, so it comes from equity. On the other side of the ledger, a 2024 building with a first reserve fund study and a professional manager is a clean file, and Timberstone Lodge, Canmore's most recent Spring Creek addition, has recent sales inside the building to appraise against.

Getting around from Timberstone

A guest at Timberstone can spend a weekend without touching a car, which is the whole commercial case for the building. Coffee and groceries are on the square outside, downtown restaurants are a short walk across the creek, and the trail network starts at the plaza and reaches the river. Skiers and hikers drive: Banff's gates are close, the Nordic Centre and the Three Sisters trailheads are minutes away, and Roam's buses cover the corridor for anyone who would rather not. That car-free weekend is why plaza units hold occupancy through the shoulder months when the highway hotels empty out, and it is the thing to put first in a listing.

What this means if you are buying at Timberstone Mountain Lodge Canmore

The class is settled, so the diligence is financial: the bylaws, the first reserve study, the management agreement and the unit's own trading. Price it at 0.832% property tax with a real management share in the ROI calculator, and compare it with the other tourist homes for sale and the rest of the Canmore condo buildings.