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Reduced $75,000 (5%) from $1,625,000
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226 Lady MacDonald Drive
Beds
6
Baths
4 full + 1 half
Sqft
1,645
Year
1990
Type
Single Family
On market
57d
Experience the best of Canmore living in this beautifully maintained bright and sunny 6-bedroom home, perfectly positioned to capture unobstructed views of the Three Sisters. Offering comfort, style, and flexibility, this property features hardwood flooring throughout the main and upper levels, heated floors in select bathrooms, a landscaped backyard with a pond, outdoor firepit, and movable greenhouse, plus a separate-entry 2-bedroom basement suite with its own kitchen, living area, storage rooms which has good potential as a mortgage helper.The main level is bright and welcoming, with vaulted wood ceilings, large picture windows, and an open-concept layout designed to showcase the mountain views. The kitchen is well appointed with solid wood cabinetry, stainless steel appliances, and seamless access to the dining area and back deck, making it ideal for everyday living and entertaining. The chimney is roughed in to make future fireplace addition easy. (see renders)With 4 bedrooms in the main home and a 2-bedroom suite below, this property offers excellent versatility for extended family, guests, or additional income potential. The sunny south-facing orientation may also offer good potential for solar installation, and the backyard includes a power distribution point that could support a future hot tub install.Ideally located near trails, schools, and downtown Canmore, this is a rare opportunity to own a spacious mountain home in one of Canmore’s most desirable neighborhoods. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.67 Ft x 11.92 Ft | |
| Bedroom | 14.00 Ft x 8.42 Ft | |
| Living room | 14.75 Ft x 16.42 Ft | |
| 3pc Bathroom | 8.67 Ft x 4.83 Ft | |
| Kitchen | 6.92 Ft x 10.25 Ft | |
| Dining room | 12.58 Ft x 11.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.75 Ft x 115.83 Ft | |
| Laundry room | 5.67 Ft x 5.17 Ft | |
| Bedroom | 10.83 Ft x 11.83 Ft | |
| Dining room | 8.92 Ft x 10.67 Ft | |
| 2pc Bathroom | 7.08 Ft x 4.75 Ft | |
| Bedroom | 11.08 Ft x 10.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.58 Ft x 6.25 Ft | |
| 4pc Bathroom | 9.33 Ft x 10.33 Ft | |
| Primary Bedroom | 13.25 Ft x 14.00 Ft | |
| Bedroom | 13.33 Ft x 10.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.68%
Cap rate
4.73%
GRM
13.9
Break-even rent
$9,485
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Canmore. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.