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Investment Highlights

  • Prime downtown Canmore commercial condo with prominent corner exposure delivering exceptional street presence and consumer visibility.
  • Exposure to both local residents and Canmore's year-round tourism market, supported by over CA$1 billion in annual visitor spending.
  • Available for sale or lease with quick possession in a professionally managed condominium facility with active stewardship and strong reserves.
  • Rotary Park frontage and unobstructed Three Sisters mountain views create a distinctive commercial setting within the Bow Valley.
  • Broad range of permitted uses, accommodating retail, professional services, wellness, studio, specialty services, and office tenants.
  • Established downtown commercial location with approximately 20 years of continuous business use in a premier Alberta destination.

Executive Summary

Position a growing business in one of downtown Canmore’s most visible and sought-after commercial locations with this 1,500-square-foot commercial condominium at Mistaya Place. Available for sale or lease, the property presents a rare opportunity for an owner-user, investor, or tenant seeking high-profile retail, office, professional services, wellness, studio, or specialty commercial space in the heart of the Bow Valley. Combining prominent corner exposure, excellent street presence, Rotary Park frontage, and mountain views, the unit offers a distinctive setting that supports both brand visibility and customer access in a thriving resort-market environment. Currently owner occupied and exceptionally well maintained, the unit is available for quick possession and benefits from approximately 20 years of continuous commercial use. Broad permitted-use flexibility accommodates a diverse range of business concepts, aligning with the continued evolution of downtown Canmore’s commercial landscape. Mistaya Place is a professionally managed commercial condominium property with an active condominium board, established reserve planning, and a well-funded reserve position, supporting the ongoing stewardship and long-term care of the building and common areas. The offering is available for lease on a Triple Net (NNN) basis or as a commercial condo acquisition opportunity. Located directly across from Rotary Park, the only green space in Downtown Canmore, the property enjoys open frontage and unobstructed views toward the Three Sisters mountain range while remaining within Canmore’s established retail, hospitality, service, and visitor district. This highly visible downtown location benefits from exposure to both local residents and Canmore’s strong year-round tourism economy. Situated in the Bow Valley near Banff and connected to Calgary via the Trans-Canada Highway, Canmore continues to attract visitors, entrepreneurs, and businesses seeking a presence in one of Western Canada’s most dynamic mountain communities. The combination of downtown Canmore visibility, flexible commercial zoning permissions, mountain views, park frontage, and established ownership stewardship creates a compelling commercial real estate opportunity. Whether for retail space, office space, professional services, wellness uses, specialty retail, or investment purposes, Mistaya Place offers the rare ability to secure a highly functional and highly visible commercial property in a premier Alberta tourism and business destination. Reach out to Charlene Cherniwchan today to schedule a tour and get additional information on this incredible opportunity.

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1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 101
  • 1,500 SF
  • Retail
  • $1,800,000 CAD ($1,200.00 CAD/SF)
  • $82,390 CAD
Sale Type Investment
Cap Rate 4.58%
Sale Conditions Lease Option
Sale Notes
Prime Commercial Condo Corner Unit  For Sale in Beautiful Downtown Canmore - Current Business also for Sale
Unit Unit Size Condo Use Price NOI
Unit 101 1,500 SF Retail $1,800,000 CAD ($1,200.00 CAD/SF) $82,390 CAD

Unit 101

Unit Size
1,500 SF
Condo Use
Retail
Price
$1,800,000 CAD ($1,200.00 CAD/SF)
NOI
$82,390 CAD

Unit 101

Unit Size 1,500 SF
Condo Use Retail
Price $1,800,000 CAD ($1,200.00 CAD/SF)
NOI $82,390 CAD
Sale Type Investment
Cap Rate 4.58%
Sale Conditions Lease Option
Sale Notes
Prime Commercial Condo Corner Unit  For Sale in Beautiful Downtown Canmore - Current Business also for Sale

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 31,866 SF
Property Type Retail (Condo)
Property Subtype Storefront
Building Class C
Floors 3
Typical Floor Size 499 SF
Year Built 2010
Lot Size 0.40 AC
Parking Ratio 6.68/1,000 SF
Zoning Downtown Centre - Zoned Downtown Centre - Excellent zoning options for all types of businesses.

Amenities

  • 24 Hour Access
  • Banking
  • Bus Line
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Accent Lighting
  • Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Exceptionally bikeable
90/100

Demographics

Demographics

1 Km. 1 Km. 3 Km. 3 Km. 5 Km. 5 Km.
1 KM
3 KM
5 KM
2026 Population
3,273
12,311
14,834
2031 Population
3,463
12,711
15,347
2026-2031 Projected Population Growth
5.8%
3.3%
3.5%
Daytime Employees
4,574
7,280
7,770
Total Businesses
491
760
854
Average Household Income
$192,578
$180,450
$176,222
Median Household Income
$103,548
$112,047
$110,709
Total Consumer Spending
$235.1M
$790.5M
$934.3M
Median Age
44.9
44.1
43.8
2026 Households
1,458
5,131
6,177
Percent College Degree or Above
22%
26%
25%
$ values in CAD

Nearby Major Retailers

Safeway
BMO
CIBC
Scotiabank
Royal Bank of Canada
Tim Hortons
Sobeys Liquor
Save-On-Foods Pharmacy
TD Canada Trust
Starbucks
  • Listing ID: 27548464

  • Date on Market: 2023-01-19

  • Last Updated:

  • Address: 1001 6 Ave, Canmore, AB T1W 3L8

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