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.
Address
125 Rainbow Avenue
List Price
$1,895,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bi-Level
Transaction Type
sale
Area
Banff
Sub-Area
Other
Bedrooms
4
Bathrooms
2
Floor Area
1,009 Sq. Ft.
Lot Size
9833 Sq. Ft.
Year Built
1955
MLS® Number
A2249719
Listing Brokerage
MaxWell Capital Realty
Basement Area
Finished, Full
Postal Code
T1L 1A1
Zoning
RRA (Rainbow Avenue Distr
Site Influences
Views, Rectangular Lot, Front Yard, Few Trees, Level, Landscaped, Low Maintenance Landscape, Private, Playground, Sidewalks, Golf, Cleared, Back Lane, Schools Nearby, Shopping Nearby, Walking/Bike Paths