Mystic Springs
140 Kananaskis Way, Canmore, AB T1W 2X2
Mystic Springs, at 140 Kananaskis Way, is a condo building in the Bow Valley Trail area of Canmore, Alberta. It was built in 2003.
Market Overview
Last sale: Aug 31, 2026
Condo Fees
Building Features
Policies
Known Issues & Notes
Known Issues (news/court)
[lawsuit_or_court - bylaw enforcement (pets, rentals, noise, smoking, renovations, short-term rentals)] A condominium corporation sought to enforce bylaw amendments requiring owners to use an approved rental manager and participate in a mandatory rental pool against two unit owners who had withdrawn and began renting independently; the owners argued the amendments violated s.32(5) of the Condominium Property Act and that the corporation acted oppressively. The court held the amendments mandating rental pool participation and use of a rental manager were ultra vires as they unlawfully restricted leasing rights under s.32(5), denied the oppression claim, and awarded the owners costs on Schedule C. (2015-03-23)
SourceSpecial Assessment Notes
Pool and hot tub underwent $400,000 upgrade (new pumps, heaters, tile work); timing/funding method not stated.
Repairs/Projects
Pool and hot tub recently upgraded ($400,000 for new pumps, heaters, tile work).
Management
About This Building
Mystic Springs is an apartment condo community in Canmore's Bow Valley Trail neighbourhood, built in 2003 and located at 140 Kananaskis Way. The property comprises townhome-style units marketed primarily as short-term rental investments, with recent sales averaging around $999,000 and monthly condo fees of approximately $1,019. The building features resort-style amenities including a year-round heated outdoor pool and hot tub—recently upgraded with new pumps, heaters and tile work—plus a BBQ area, ski lockers, and landscaped courtyard. Within walking distance of downtown Canmore, shops and dining, the location offers direct access to mountain recreation. Prospective buyers should have reserve fund studies, financial statements, board minutes and bylaws professionally reviewed to understand the building's capital reserves, special assessment history, and the financial implications of the recent amenity upgrades.
Nearby condo buildings
- Windtower Lodge – 160 Kananaskis Way · built 2002 · 44 m away
- Windtower Lodge – 160 Kananaskis Way · built 2002 · 49 m away
- Fire Mountain Lodge – 121 Kananaskis Way · built 2006 · 101 m away
- The Lodges at Canmore – 109 Montane Road · built 2006 · 113 m away
- The Lodges at Canmore – 107 Montane Road · built 2003 · 139 m away
- 112 Kananaskis Way · built 1999 · 144 m away
More in Canmore: Canmore condo buildings and document reviews. Alberta condo document reviews
General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.