For Lease · Specialty

2, 1302 Bow Valley Trail, Canmore

2, 1302 Bow Valley Trail, Canmore, AB T1W1N6

$519,000 per sq ft / yr

850 SF

Asset Class

Specialty

Size

850 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$611

Occupancy

88%

Year Built

1996

About this property

Seize a rare opportunity to own prime commercial real estate on Bow Valley Trail in Canmore, Alberta — one of the most sought-after business districts in the Canadian Rockies. Unit 2 at 1302 Bow Valley Trail offers approximately 850 square feet of versatile, ready for immediate possession to apply for your development permits (if needed) and tenant improvements. Perfectly positioned to serve Canmore's thriving tourism, wellness, and local business economy. Located in the Bow Valley Trail Central (BVTC) commercial district, this vacant unit is ideal for a wide range of office or retail uses, from boutique wellness studios and medical clinics to personal service businesses and specialty retail, with BVTC zoning providing exceptional flexibility to tailor the space to your vision. With area lease rates ranging from $34 to $39 per square foot, purchasing this unit at $519,900 represents a compelling investment opportunity whether you're an owner-operator looking to establish your Canmore business or an investor seeking strong rental income potential in a high-demand mountain town market. The unit benefits from a shared front parking lot for convenient customer and client access, and Canmore's Bow Valley Trail sees consistent high traffic from both residents and the millions of tourists who visit the Bow Valley each year. Walkable from the high volume tourist districts and Canmore's bustling downtown without the parking struggles! (id:66811)

Financial sandbox

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Estimate
Purchase price$519K
Down payment30% · $156K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$-3K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply400 SF2029-11
Summit Trades Supply400 SF2029-11

Area demographics

Trade area within 3 miles of the property.

Population

76,615

Households

32,650

Median income

$122,000

Median age

36.5

Daytime population

102,443

5-yr growth

6.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2, 1302 Bow Valley Trail, Canmore.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.