Permanent settlement began in the early 1910s. Encouraged by the Dominion Lands Act of 1872, European homesteaders moved into the area to exploit the fertile aspen parkland soils, focusing heavily on mixed farming and ranching.

The development of the community accelerated with the arrival of the Canadian Pacific Railway’s Alberta Central line, which established a local station in 1914. The hamlet was officially named after the HMS Condor, a British Royal Navy gunboat commanded by Captain Lord Charles Beresford during the 1882 bombardment of Alexandria.

The community's official postal history began when its post office opened on July 19, 1915, with E.N. French serving as its first postmaster. Like many remote prairie settlements, early life was defined by isolation; local historical records note that as late as 1938, residents were still actively negotiating for a proper gravel road to connect them to larger neighboring centers.

Condor has historically maintained a small, stable population typical of central Alberta's rural farming hamlets. After modest growth spurts tied to mid-century agricultural expansions—peaking around 99 residents—its population has largely hovered under 100 people,