Neighbourhoods

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.

Updated August 27, 2026Canmore Properties editorial team5 min read

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

Short answerThree Sisters is Canmore’s largest neighbourhood, at the southeast end of town on the shady side of the valley. It mixes one- to three-bedroom apartment and townhouse condos with large detached homes around the Stewart Creek golf course, and it is the only established area still adding new supply, Logel Homes’ Altitude and the 700–1,075-unit first phase of Three Sisters Village. Some buildings carry tourist-home zoning; most are residential.

Key takeaways

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 is 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 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.

Three Sisters Canmore real estate: property types and price tiers

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	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.

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 no new tourist homes can be created, so existing units are the whole supply. 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

Upsides

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

Trade-offs

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

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.

Weighing up Three Sisters Canmore real estate?

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.

Talk to a Canmore realtor

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 no new tourist homes can be created anywhere in Canmore. 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.

Sources