I think it will take a lot of planning for the Central Circulator. Many of the houses and other buildings are heritage sites.. Also, there are many trees on Whyte. While the location of the bridge across the North Saskatchewan is up for debate, I was thinking of something like this:
(1) The Central Circulator starts at Whyte and 83 Street (at the centre of the street). If there's a shortage of space on Whyte, the South Service Road can be eliminated to become part of Whyte. The first stop is at 91 Street (Gaboury Station).
(2) The line continues west across Mill Creek (new bridge), The upward slope of Whyte will allow the line to go underground (at 96 Street). Tunnelling could start at 97 Street, as the line goes west.
(3) The next stop (Strathcona) could be built at between 101 and 102 Street (about 160 metres between blocks). The entrances could be on the sides of 101 and 102 Streets, or in the middle of Whyte Avenue (like the proposed Griesbach station). This stop would also be in close proximity to the Gondola and proposed HSR station.
(4) The line can continue west to the next station at 106/107 Street (Garneau). The station would be in close proximity to the South Park apartments and other high density locations.
(5) The line can continue west and turn north at 112 Street and emerge north of 84 Avenue. A possible station at Health Sciences.
I'm not sure of the direction from here.