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A2262805 - 707 Railway Avenue , Canmore, Alberta T1W 1P2




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Flagship Hotel Development Opportunity | Gateway to Downtown Canmore
This is arguably the most valuable hotel development land in Canmore, a rare 1.06-acre parcel backing directly onto Policeman’s Creek and facing Elevation Place with unobstructed 360° mountain views that capture the very best of the Bow Valley. Perfectly positioned in the Gateway District, the site offers a blend of natural serenity and urban accessibility, just a 5-minute walk to Main Street and a short drive off the Trans-Canada Highway.
Zoned Gateway Commercial District (GD), the property allows for visitor accommodation, boutique hotel, mixed-use retail, dining, and cultural concepts, presenting unmatched flexibility for a visionary developer or brand looking to anchor their presence in Canmore’s luxury tourism market.
Imagine a flagship boutique resort — a sanctuary of alpine design and refined hospitality that reflects Canmore’s adventurous spirit and world-class setting. The architecture could frame mountain views from every suite, feature a creekside café plus a rooftop wellness spa, and connect seamlessly to the boardwalk trail on the creek and recreation network. With over $44 million in planned municipal infrastructure upgrades along Railway Avenue and the Downtown ARP, this corridor is poised to become the new heart of Canmore’s visitor experience.
One of the few remaining parcels legally zoned for short-term rental and hotel use, 707 Railway Avenue offers both rarity and potential in a market defined by high demand and limited supply. A landmark location — ready to define the next chapter of mountain luxury.

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ESSENTIAL
MLS®:A2262805
Price:10,995,000.00
Type:Commercial
Sub Type:Mixed Use
Lot Size:46,196 sq. ft.
RestrictionsCall Lister
DOM29
INTERIOR SNAPSHOT   
Sq Ft:8,284


COMMUNITY DETAILS
Address:707 Railway Avenue , Canmore, Alberta T1W 1P2
City:Canmore
Subdivision:Town Centre_Canmore
County:Bighorn No. 8, M.D. of
Province:Alberta
Postal Code:T1W 1P2
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1974
Structure Type:Mixed Use
Frontage:74.61M 244`10"
Zoning:GD Gateway Commercial Dis
ROOM DIMENSIONS


Inclusions: NA



Courtesy: MaxWell Capital Realty


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Town Centre_Canmore Housing Trends


Real Estate Listings: 4
Highest Price: $4,678,500.00
Lowest Priced: $1,099,000.00
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FAQs about 707 Railway Avenue , Canmore,
Alberta, T1W 1P2

707 Railway Avenue MLS® A2262805 has an approximate size of 0 Sq. Ft. located in Town Centre_Canmore.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 707 Railway Avenue , MLS® A2262805.

This Commercial listings is priced at $10,995,000.

This property is located at 707 Railway Avenue , Canmore, Alberta, T1W 1P2 in the Town Centre_Canmore community on the market for 29 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Town Centre_Canmore community resources page.