Three Sisters Canmore Real Estate
Three Sisters Canmore real estate explained: the condos, townhomes and detached homes around Stewart Creek golf, which buildings allow nightly rentals, the schools and trails, and what the Three Sisters Village expansion means for buyers.
- Sun exposure
- shady side
- Short-term rentals
- some tourist-home buildings
- Property mix
- Condos, townhomes and single-family homes; new phases at the eastern edge
- Suits
- Families, Investors, Weekenders
- Three Sisters spans three planning areas: the established Stewart Creek neighbourhood, Three Sisters Village (first residential phase launched 2025) and Smith Creek (later).
- Entry pricing is in the older condo buildings; detached homes on the golf course and upper streets run to $2M and beyond.
- It is on the south side of the valley beneath the Three Sisters peaks, so parts of it lose winter afternoon sun earlier than the north side.
- Nightly rentals are legal only in specific tourist-home zoned buildings, check the unit, not the neighbourhood.
- Two K–12 schools sit on Stewart Creek Drive; Roam Route 5T links the neighbourhood to downtown for free.
Three Sisters Canmore real estate covers more ground, property types and price points than any other neighbourhood in town: a first-time buyer's one-bedroom condo, a Calgary family's detached cul-de-sac home, and the only large-scale new construction in Canmore. This page explains where it is, who lives there, what sells for what, and how it compares with its neighbours.
Where Three Sisters Canmore real estate sits, and what it feels like
Three Sisters is the southeast end of Canmore, strung along Three Sisters Parkway between the Bow River and the base of the peaks it is named for. It is a master-planned area rather than an organic one: the Stewart Creek Golf & Country Club (opened 2000, designed by Gary Browning) sits in the middle, with condo buildings on the lower ground near the highway and detached streets climbing toward the forest above.
The developer, Three Sisters Mountain Village, describes it as three neighbourhoods: the established Stewart Creek area (over 65 hectares), Three Sisters Village (the planned resort-village centre, first residential phase launched 2025) and Smith Creek (later). The Three Sisters Mountain Village page covers the expansion; this page covers what exists. Who lives here is unusually mixed: full-time families drawn by the two K–12 schools, Calgary weekenders in the condos, golfers and view buyers above the course, and investors in the tourist-home units.
Property types and price tiers in Three Sisters
| Property type | What you find | Price tier (qualitative) |
|---|---|---|
| Apartment condos (1–3 bed) | Older three- and four-storey buildings near the parkway, some with amenity rooms and pools; newer stock at Altitude in Canmore | Entry level for the neighbourhood; the cheapest way into Three Sisters |
| Townhouse condos | Two- and three-bedroom townhomes in complexes throughout the lower streets | Mid-market; from roughly the town-wide townhome average |
| Detached homes | Large homes on the golf course and upper cul-de-sacs, many with Three Sisters or Rundle views | Upper-mid to $2M+ |
| New construction | Logel Homes’ Altitude, 239 condos and townhomes, condos from $544,900 and townhomes from $1,175,000 (developer pricing, August 2026) | Mid-market to upper-mid, plus GST on new builds |
The Canmore condos for sale page explains condo fees and reserve funds, which matter more in the older Three Sisters buildings than in the newer ones. Named complexes worth knowing on this side of the valley include Crossbow Place in Canmore, where an age-40 occupancy rule applies, Renaissance in Canmore at 101 Stewart Creek Rise, and Platinum Suites in Canmore at 91B Three Sisters Drive, whose titles are all visitor accommodation. Two streets have their own guides: Dyrgas Gate and Stewart Creek.
Altitude and the coming Three Sisters Village phases add GST, developer deposit schedules and completion-date risk to the sticker price. Resale condos next door do not. Compare on total cost, and read the new developments guide before you sign a pre-construction contract.
Sun exposure and winter on the south side
Three Sisters is on the shady side of the valley. The peaks rise directly behind it, so the low winter sun drops behind the ridge earlier in the afternoon than across the valley in Silvertip or Eagle Terrace. Lower streets near the river stay open longer; homes against the forest lose light first, and snow lingers on north-facing driveways. View a specific street in winter, the winter in Canmore guide explains why.
Three Sisters Creek also runs through the neighbourhood: the Town rehabilitated its lower reach in 2018, finished the mitigation structure's design in 2025 and plans construction from late summer 2026. Check the steep-creek hazard layer for any address on the Town's map.
Short-term rentals and tourist-home status in Three Sisters
Some Three Sisters buildings are zoned Tourist Home and can be rented nightly with a business licence; most are residential and cannot. Since 11 March 2025 the existing buildings cannot gain new tourist-home designation; the exception is the Three Sisters Village parcels identified in that plan, which is where new supply will come from. They trade at a premium and are taxed at the non-residential rate. Check the specific unit on the Town's map and read the tourist-home zoning guide before relying on rental income. Three Sisters Village's first phase is planned to include tourist homes alongside rentals and affordable housing.
Trails, schools and amenities
- Schools on Stewart Creek Drive
- 2 × K–12
- Our Lady of the Snows Catholic Academy and École Notre-Dame des Monts
- West Bow River Pathway
- 5.5 km one way
- Paved, boat launch to Three Sisters (Town of Canmore)
- Roam Route 5T
- Free
- Local Canmore routes are free for all riders (Town of Canmore)
- Employee housing at The Gateway
- 50 beds built, 150 more due 2027
- TSMV community update, May 2026
The Highline trail runs along the bench above toward Quarry Lake, and the Three Sisters Sports Complex has a field and ball diamond. Until the Gateway commercial hub beside Altitude opens, groceries mean a drive to the town centre.
Who Three Sisters suits, and how it compares
- Widest range of property types and prices in Canmore
- Two K–12 schools and sports fields on site
- Trail and golf access from the door
- Only established neighbourhood with new supply coming
- Far end of town; you will drive
- Shady-side winter light on upper streets
- Years of construction as the Village builds out
- Older condos need careful reserve-fund review
A local REALTOR®'s observation from showings across the neighbourhood: the same condo feels different depending on what is planned on the empty lot beside it. Ask which parcel is next, and when. The Village's phasing is public in the Town's ASP documents.
Peaks of Grassi Canmore, just west on the same side of the valley, is almost entirely detached homes and duplexes with no condo entry point, generally below Three Sisters' detached prices and closer to Quarry Lake and the Nordic Centre. Three Sisters Village is the same land a few years from now: pre-construction pricing, rentals, tourist homes and a village centre, with the uncertainty of buying what is not yet built. Existing Three Sisters real estate is the middle path: built, priced, and about to get neighbours.
What this means if you're buying
Three Sisters Canmore real estate asks you to decide one thing first: whether you need nightly-rental income, which narrows you to tourist-home units, or a school run, which points to the detached streets near Stewart Creek Drive. View the specific street in winter, check the steep-creek hazard layer and the condo's reserve fund, and ask what is being built next door. Then compare against Peaks of Grassi and the Village before you commit.
How Three Sisters Canmore real estate compares with the other seventeen neighbourhoods, on price, sun, schools and nightly-rental status, is in the Canmore neighbourhoods guide.
A local REALTOR® keeps a working list of which Three Sisters complexes allow nightly rental, which have healthy reserve funds and which are next to a construction phase. Fifteen minutes, free.
For the town-wide picture, Canmore homes for sale sets out every property type and what each budget buys.
Frequently asked
Is Three Sisters a good place to live in Canmore?
For families and trail users, yes: it has two K–12 schools, the Three Sisters Sports Complex, the Stewart Creek golf course and direct access to the West Bow River Pathway and the Highline. The trade-offs are distance from Main Street. You drive or take Roam Route 5T, and less winter afternoon sun than the north side of the valley.
Can you Airbnb a condo in Three Sisters?
Only if the specific unit is zoned Tourist Home. Some Three Sisters buildings carry that zoning and many do not, and since 11 March 2025 new tourist homes can be created only in Silvertip’s STR districts and on the Three Sisters Village parcels identified in that plan, not in the existing Three Sisters buildings. Check the land use district and assessment code for the exact address on the Town’s interactive map before assuming rental income.
What is Three Sisters Mountain Village?
The developer’s name for the whole southeast end of Canmore, the established Stewart Creek neighbourhood plus two approved expansion areas, Three Sisters Village and Smith Creek. The approved plans allow up to roughly 7,000 homes over decades. Phase 1 of Three Sisters Village is 700–1,075 units on 29.1 hectares with 400+ rental units and at least 10% affordable housing.
How far is Three Sisters from downtown Canmore?
It is the far end of town from Main Street, at the southeast edge along Three Sisters Parkway. Most residents drive; the free Roam Route 5T bus runs between Three Sisters and the town centre, and the paved West Bow River Pathway connects the neighbourhood to the Canmore boat launch over 5.5 km one way.
Are there schools in Three Sisters?
Yes. Our Lady of the Snows Catholic Academy (K–12) and École Notre-Dame des Monts, the francophone K–12 school, share a site at 3100 Stewart Creek Drive. Public elementary students attend Elizabeth Rummel School in Cougar Creek, Lawrence Grassi Middle School on 7th Avenue and Canmore Collegiate on 8th Avenue.
- Three Sisters Mountain Village: Neighbourhoods (Stewart Creek, Three Sisters Village, Smith Creek)
- Three Sisters Mountain Village: Community update on housing (May 2026)
- Town of Canmore: Three Sisters Mountain Village Area Structure Plans
- Stewart Creek Golf & Country Club
- Logel Homes: Altitude at Three Sisters Mountain Village
- École Notre-Dame des Monts
- Town of Canmore: Flood Mitigation (Three Sisters Creek)
- Town of Canmore: Roam transit in Canmore
- Town of Canmore: Accommodation Types
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