Prime Redevelopment Opportunity in the Heart of Banff
Nestled on a spacious 9,834 sq. ft. lot with breathtaking views towards the surrounding mountain vistas, this property offers a rare chance to secure a revenue-generating holding property with exceptional future potential.
Currently improved with a well-maintained 1955-built home and a detached garage, the site produces steady rental income while you plan your next steps. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for an apartment complex, subject to town planning approval.
With convenient alley access—a valuable advantage for residents, guests, or construction access—this lot is well-positioned for a thoughtful multi-family build in one of Canada’s most sought-after mountain communities.
Whether you’re planning your dream build, an investor looking to hold and generate income or a developer ready to bring new housing to the heart of Banff, opportunities like this are rare.
Contact Corinne Watson About MLS® A2249719
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Corinne Watson , 403-921-7653 at CIR Realty North West, #168, 8060 Silver Springs Blvd. N.W., Calgary, Alberta, T3B 5K1
property information
Property Type: Detached Home
MLS®#: A2249719
Style: Bi-Level
Year Built: 1955
Lot Shape: Back Lane,Cleared,Few Trees,Front Yard,Landscaped,Level,Low Maintenance Landscape,Private,Rectangular Lot,Views
Total Floor Area: 1,009 sq.ft
Restrictions: Short Term Rentals Not Allowed
Community Information
Address: 125 Rainbow Avenue
Neighbourhood: Banff
City: Banff
Postal Code: T1L 1A1
interior
Included: N/A
Bedrooms: 4 (Bedrooms Above: 3)
Bathrooms: Full: 2
Rooms Above Grade: 6
Fireplace Details: For Sale
Basement: Finished, Full, Finished, Full
Floor Finish: Carpet, Laminate, Tile
exterior
Exterior Features: Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Exterior Finish: Wood Frame, Wood Siding
Construction: Wood Frame,Wood Siding
Roof: Asphalt Shingle
Front Exposure: S
Frontage: 24.38M 80`0" metres
services & amenities
Parking: Alley Access, Driveway, Enclosed, Secured, Single Garage Detached (4 Total Parking Spaces)
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