Homes in Canyon Reserve Phoenix, AZ See all homes for sale in Canyon Reserve in Phoenix AZ.  Is it time to sell?  Find out what your home in Canyon Reserve in Phoenix AZ is worth. Why Do People Live here? Canyon Reserve is a highly regarded gated community nestled in the appealing South Mountain Park. It is a favored neighborhood, which has an extraordinary mountain vistas. Canyon Reserve is close to shopping, fine dining, entertainment as well as the recommended Tempe Union and Kyrene schools. Apart from the stunning panoramas of the mountain and the sunset, it also has access to three different pools where one is heated. The sought-after amenities such as biking and walking path and lighted courts for volleyball and tennis are well-maintained in the neighborhood. Canyon Reserve simpl... 02/05/2015