With all the craziness going on in the world right now, having a solid investment in both your portfolio and your lifestyle could be more important now than ever before. Have you been looking for that perfect Canmore investment property? How about the ideal place to hang your hat while you’re exploring the Canadian Rockies, in the heart of scenic Canmore, Alberta?
Today, let’s take a look at one property and dive into the 3 reasons why it might be perfect for the savvy buyer:
As always, feel free to call or text me anytime for advice & insights into the Canmore market.
Its no secret that Canmore & Banff are a world-class tourism destination. A 2015 study concluded that the town of Canmore alone generates over $344M of tourism revenue annually (no doubt growing since then), roughly 25% of which was spent on accommodation. From 2010-2016 there was an average of over 3 million annual visitors to Banff National Park – and since 2016 that has spiked to over 4 million visitors per year.
As a Hotel Condo, 201-191 Kananaskis Way is perfect for generating excellent returns. Situated in the well-known and loved Solara Resort & Spa, you can keep it in the managed rental pool and let the professionals handle everything about your new hotel business. Marketing, bookings, cleanings and touch-ups are taken care of. Simply let them know when you’ll be visiting, and it’ll be pristine, clean and ready for you. If you’re truly industrious, you can opt to self manage via Airbnb or VRBO this unit. Add a personal decor touch and manage your own bookings for potentially increased returns!
Looking at the numbers above, you can understand why a key landmark in the area is the Banff Springs Hotel. For over a century, taking advantage of the nightly room-rental market has been a cornerstone of the local economy here.
Hotels and nightly accommodation have built more than a few fortunes for smart investors in the Rockies.
If you live in Calgary, Edmonton, or surrounding communities, you likely spend a lot of time in the mountains. Maybe you’re a “weekend warrior,” hiking peaks every weekend or hitting the slopes religiously on powder days. Perhaps like a lot of people in Canmore, you’re hopelessly addicted to cycling! Even if you don’t hike, bike or ski as much as you aspire to (or used to…), you can get out so much more with a home base here in Canmore.
If you own a property like 201-191 Kananaskis Way, you have your own piece of the Canadian Rockies. Step out your front door, get on your mountain bike, and hit the trails. Load the family up for a ski-day during the Christmas break. You’ll certainly get fresher tracks than anyone who has to trek all the way from the City.
Most importantly: If you visit the mountains even just a few times each year, you probably spend too much money on hotel rooms or rentals – putting your money into someone else’s pocket. Stop!
Stop putting your money into someone else’s pocket.
Not only is this property currently generating returns in the professionally-managed rental pool – it is also ready for your use & enjoyment. This condo comes fully furnished with leather couches, modern mountain decor and everything a gourmet chef could need. European stainless-steel appliances (including a built-in wine fridge!) outfit the open-concept kitchen & dining area.
Relax in the spacious living room by the fireplace, or head down to the resort’s indoor pool, hot tubs, fitness centre, theatre or full spa. After a day on the ski hill and a soak in the hot pools, you and your guests can retire to either of the two elegantly finished bedrooms – each with their own fireplace.
Located in the Bow Valley Trail neighbourhood, this property is perfectly located for easy access to the best of Canmore. Nearby you’ll find the cute Shops of Canmore, Elevation Place for activities, and local grocery stores to stock up. Downtown Canmore is steps away, with its incredible restaurants and bars.
This property is turnkey & perfectly located for easy access to the best of Canmore.
If you’d like to arrange a showing for 201-191 Kananaskis Way, or any other home in Canmore, feel free to call or text me anytime. I’m also happy to answer any questions you might have regarding on the Canmore market, buying, or selling your home. Cheers!
Feel free to call, text, or email Dan today for no-pressure advice,
tips and insights into the Canmore, Cochrane & Banff real estate market.