Homes for sale

Canmore Townhomes for Sale

Canmore townhomes for sale: the middle of the market between condos and detached houses. Prices in 2026, the difference between a townhouse, a half-duplex and a stacked townhome, where they are and what to check.

Updated August 27, 2026Canmore Properties editorial team7 min read

Short answerCanmore townhomes averaged about $1,149,450 on a three-month basis in December 2025 (Zolo), and 61 of roughly 160 active listings in August 2026 were townhouses. Older townhomes start around $700,000–$900,000; newer three-bedroom townhomes and half-duplexes run $900,000 to $1.3 million; premium units in Three Sisters, Spring Creek and Silvertip go higher. Check whether the title is conventional condo, bare-land condo or fee simple. It changes fees, insurance and what you own.

Key takeaways

Townhomes are Canmore’s middle market: roughly $900K–$1.3M for a newer three-bedroom, against $1.3M+ for the cheapest detached houses.
Three title structures exist: conventional condo, bare-land condo and fee-simple half-duplex, and they change your fees, your insurance and your maintenance obligations.
Most townhome stock is in Three Sisters, Peaks of Grassi, Spring Creek, Riverstone and Palliser; 230+ new stacked and row townhomes are coming in Three Sisters Village.
A townhome zoned Residential cannot be rented nightly; a small number of tourist-home townhomes exist and are taxed at 0.832% of assessed value in 2026.
61 townhouses were listed in August 2026. The largest inventory in years, so there is room to be selective.

Canmore townhomes for sale occupy the part of the market most buyers actually shop in: more space and often a garage compared with a condo, at a price that starts well below the $1.3 million floor of the detached market. The catch is that “townhome” in Canmore covers three different legal animals: the conventional condo townhouse, the bare-land condo and the fee-simple half-duplex, and they behave differently on fees, insurance and resale. This page sets out prices in 2026, the differences, where the stock is, and what to check before you offer.

What Canmore townhomes for sale cost in 2026

The three-month average townhome price was about $1,149,450 in December 2025 (Zolo). August 2026 inventory included 61 townhouses out of roughly 160 active listings (REW / Realtor.ca), the deepest selection in several years.

Townhome 3-month average: ≈ $1,149,450; Zolo, December 2025
Townhouses for sale: 61; REW / Realtor.ca, August 2026
Cheapest detached market: $1.3M+; for comparison: Peaks of Grassi, Cougar Creek

Band	What it buys (August 2026)
$700K – $900K	Older two- and three-bedroom townhomes in Peaks of Grassi, central Canmore and older Three Sisters complexes; carports or surface parking
$900K – $1.3M	Newer three-bedroom townhomes and half-duplexes with garages in Three Sisters, Riverstone, Palliser and Cougar Creek; some tourist-home townhomes
$1.3M – $2M	Premium townhomes and villas: Spring Creek, Silvertip, Stewart Creek-side Three Sisters; end units with views

These are bands drawn from market averages, not individual listings. For the whole market by property type see Canmore homes for sale.

Townhouse, half-duplex, stacked townhome: the difference

Canmore townhouses for sale come in three legal forms, and what separates them is what you own rather than what the building looks like from the street.

	Conventional condo townhouse	Bare-land condo	Fee-simple half-duplex
What you own	The unit; a share of common property (roof, structure, grounds)	The lot under your unit; the building on it is yours; shared roads and services are common property	The land and the building on your side of the party wall
Condo fees	Yes: cover exterior, roof, insurance, snow, reserve fund	Yes, but smaller, typically roads, snow, landscaping, some shared items	None
Building insurance	Corporation insures the building; you insure contents, improvements and the deductible	Usually you insure your own building, though it varies: read the corporation’s bylaws and insurance certificate before you offer	You insure your own half
Roof and exterior	Corporation’s responsibility, paid from reserve	Usually yours	Yours; party-wall agreement governs shared elements
Documents to review	Full condo package; reserve fund study every five years by law	Condo package	RPR with compliance; party-wall agreement; title
Typical Canmore examples	Three Sisters, Peaks of Grassi, Palliser complexes	Some Three Sisters and Riverstone developments	Cougar Creek, Teepee Town infill, Larch

Stacked townhomes are a fourth variant in form rather than title: two units stacked vertically, each with its own entrance, almost always in a conventional condo. They are the entry point in Three Sisters and the bulk of the first Three Sisters Village phase. Expect lower prices, shared structure and no direct garage access from the upper unit.

Where townhomes are in Canmore

Three Sisters Canmore real estate: the largest concentration: 1990s–2010s townhouse complexes, stacked townhomes near the amenity buildings, and newer rows at the eastern edge near Stewart Creek golf. Trails from the door; a ten-minute drive to Main Street.
Peaks of Grassi, 1990s townhomes and duplexes at the base of the Lawrence Grassi range; historically the entry point to the detached market and still the most affordable family-sized townhomes. Less winter sun.
Spring Creek: newer villa-style townhomes, walkable to downtown, higher price band; some buildings zoned tourist home.
Riverstone, 2000s townhomes and half-duplexes near the Bow River on the east side; garages standard.
Palliser, townhomes and condos off Palliser Trail, including tourist-home rows on Palliser Lane; transit and highway access.
Silvertip, a small number of luxury duplexes and the Villas at Silvertip on the sunny side; premium band.
Cougar Creek and Teepee Town, fee-simple half-duplexes, older in Cougar Creek and newer infill in Teepee Town beside downtown.

New supply: Three Sisters Village Phase 1, 94 stacked-townhouse units at 200 Yarrow Road approved 25 June 2026 and 76 more at 100 Village Road under review: plus the Alder & Stone project (230+ stacked and row townhomes by a local builder, residential, pre-sale registration open in August 2026). The new developments page explains how pre-construction purchases work.

Canmore half-duplex for sale: what is different

A fee-simple half-duplex is the closest thing to a detached house under $1.3 million: your own land, no condo fees, no board. The trade is that you carry everything yourself, including a shared roof and wall with a neighbour you did not choose. Before you buy one:

Get the RPR with a Town compliance stamp, encroachments and non-conforming additions are common on older duplexes.
Read the party-wall agreement on title (or note its absence. Some older duplexes have none, which matters when the roof needs replacing).
Check who insures what; you and the neighbour each insure your half, and a claim on a shared roof can get untidy.
Confirm the land-use designation; half-duplexes are almost always Residential, with no nightly-rental rights.

Townhome vs condo vs detached in Canmore

Upsides

More space and usually a garage for $300K–$500K less than the cheapest detached house
Lower fees than amenity-heavy condo buildings; often no elevator or pool to fund
Wide choice in August 2026, 61 listings, and steady resale demand from families and downsizers
Fee-simple and bare-land options let you avoid a condo board entirely

Trade-offs

Shared walls and, in condo structures, shared decisions about roofs and envelopes
Older complexes in Peaks of Grassi and central Canmore can carry underfunded reserve funds
Most townhomes are on the shadier south side of the valley; check winter sun
Residential zoning: nightly rental is off the table except for a small pool of tourist-home units

For the three-way comparison in detail, see townhome vs condo vs half-duplex in Canmore.

What to check before you buy a townhome in Canmore

1Identify the title typeConventional condo, bare-land condo or fee simple. It is on the title and the condo plan, and it decides everything below.
2Condo documents or RPRCondo structures: bylaws, budget, reserve fund study (mandatory every five years in Alberta), two years of minutes, insurance certificate, estoppel. Fee simple: RPR with compliance and the party-wall agreement.
3Zoning and tax classConfirm Residential vs Tourist Home with the Town. Tourist-home townhomes are taxed at 0.832% of assessed value in 2026 versus 0.457% for a primary residence.
4Livability Tax positionIf no Alberta resident is on title and nobody will live there 183+ days a year, the 2026 non-primary rate of 0.833% applies. See the Livability Tax guide.
5Sun, snow and parkingVisit in the afternoon. Ask where the snow from the roof lands and who clears the driveway. Tandem garages fit one truck, not two.

The condo buying guide covers the document review in depth; the buyer cost calculator adds fees, tax and closing costs to the price.

What this means if you’re buying

If your budget is between $900,000 and $1.3 million, Canmore townhomes for sale are your market, and in August 2026 there is more to choose from than at any time since 2021. Decide early whether you want a condo structure (lower personal maintenance, shared decisions) or fee simple (full control, full bills). Prioritise a garage and winter sun over an extra bedroom. Then use the document condition properly. A reserve fund study is the cheapest inspection you will ever get.

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Frequently asked

How much does a townhouse cost in Canmore?

The three-month average was about $1,149,450 in December 2025 according to Zolo. In practice older two- and three-bedroom townhomes trade from roughly $700,000 to $900,000, newer three-bedroom townhomes and half-duplexes from $900,000 to $1.3 million, and premium units with garages, views and newer construction above that. Prices rose through 2025 while sales volume eased.

What is the difference between a townhouse and a half-duplex in Canmore?

A townhouse usually sits in a condominium corporation, you own the unit and a share of the common property, and pay condo fees. A half-duplex is often fee simple: you own the land under your half outright, share a party wall with the neighbour and pay no condo fees, but carry your own roof, insurance and snow removal. Some Canmore duplexes are bare-land condos, which sit in between.

What is a stacked townhome?

A two- or three-storey building where units are stacked over each other rather than side by side, typically a ground-floor unit with a patio and an upper unit with a deck, each with its own entrance. They are cheaper than row townhomes and common in Three Sisters and the new Three Sisters Village phase. Expect condo fees and a shared roof and structure.

Can I rent out a Canmore townhome on Airbnb?

Only if the specific unit is zoned Tourist Home under the Town’s Land Use Bylaw, licensed with the Town, and the condo bylaws allow it. The large majority of townhomes are residential and cannot be rented for less than a month. No new tourist homes can be created since the 11 March 2025 bylaw change.

Do townhomes in Canmore have garages?

Many newer ones do, single or tandem attached garages are standard in Three Sisters, Riverstone and Silvertip townhomes built since the 2000s. Older complexes in Peaks of Grassi and central Canmore often have carports or surface stalls. In a town where it snows from October to May, a garage is worth paying for and affects resale.

Where are the new townhomes in Canmore?

Three Sisters Village Phase 1 is the main source: ten stacked-townhouse buildings with 94 units at 200 Yarrow Road were approved in June 2026, and a further 76 townhouse units at 100 Village Road are under review. The Alder & Stone project there advertises more than 230 stacked and row townhomes by a local builder. A 17-unit townhouse project on Mountain Avenue is also under review.

Sources