This zoning category includes apartment style condos and provides the owner with the zoning necessary for full-time, long-term rental, and/or part-time living uses.
This being the most flexible zoning category within the Bow Valley. Tourist zoned properties permit full-time living, long-term rentals (over 28 days), and short-term rentals (nightly/weekly).
Properties with this particular type of zoning can be managed independently, through a property management company (long-term rentals) for approx. 7-12% gross revenue, or a vacation rental company (nightly/weekly) for approx. 40-60% of gross revenue.
All dependant on the facility, it may be difficult to obtain standard mortgage financing and the option for a commercial loan may have to be investigated, otherwise privately funded or cash deals only.