INVESTMENT REAL ESTATE
Canmore is a picturesque mountain town that draws in visitors from all over the world seeking adventure and a taste of the Canadian Rockies. Canmore's location and close proximity to Banff, Alberta makes it a perfect jumping off point for world-class skiing, hiking, biking, and all types of adventuring deep into the Canadian Rockies. Canmore has a well developed investment property industry that has unique zoning rules unlike anywhere else in Canada.
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These zoning rules dictate what you can and cannot do with the property in terms of renting and residing. Trusting a local realtor to help with your purchase will ensure that you don't have any surprises after completing the purchase of your dream investment.
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CANMORE ZONING
Zoning is often the first thing to consider when purchasing investment property in Canmore. Homes zoned for tourists allow the owner to rent out the property short-term, long-term, or even make it their primary property. These property types have the most flexibility, but often fetch higher prices due to this. Hotel/condo zoned properties can be used as your own mountain getaway, but have limitations on how long a guest (including you) can stay at a time. Property managers sometimes offer management services to help you get the most out of your investment.
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Residentially zoned properties have strict rules against renting to anyone for less than 30 days, meaning that you either need to rent the property long-term or reside in it yourself. I am here to help make sure you know what you can (and can't) do with your property, and understand the implications of your purchase regarding condo fees, property taxes, and more.
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