125 Rainbow Avenue Banff, Alberta T1L 1A1
$1,750,000.00
Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot lot, with breathtaking views towards the surrounding mountain views, this property offers a rare chance to secure a revenue-generating holding property with exceptional development potential. The land is currently improved with a 4 bedroom home and a detached garage, producing steady rental income. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for additional development including an apartment complex, subject to town approval.With convenient alley access, a valuable advantage for residents, visitors, and 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. (id:63844)
Property Details
| MLS® Number | A2249719 |
| Property Type | Single Family |
| Amenities Near By | Golf Course, Playground, Schools, Shopping |
| Community Features | Golf Course Development |
| Features | Back Lane, Level |
| Parking Space Total | 4 |
| Plan | 1926hh |
| Structure | Deck |
| View Type | View |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Appliances | Refrigerator, Oven - Electric, Range - Electric, Stove, Washer & Dryer |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1955 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Wood Siding |
| Flooring Type | Carpeted, Laminate, Tile |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,009 Ft2 |
| Total Finished Area | 1008.93 Sqft |
| Type | House |
Parking
| Detached Garage | 1 |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Golf Course, Playground, Schools, Shopping |
| Land Disposition | Cleared |
| Landscape Features | Landscaped |
| Size Depth | 37.34 M |
| Size Frontage | 24.38 M |
| Size Irregular | 913.60 |
| Size Total | 913.6 M2|7,251 - 10,889 Sqft |
| Size Total Text | 913.6 M2|7,251 - 10,889 Sqft |
| Zoning Description | Rra (rainbow Avenue District) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | 3pc Bathroom | .00 Ft x .00 Ft | ||
| Lower Level | Living Room | 22.75 Ft x 20.00 Ft | ||
| Lower Level | Bedroom | 10.67 Ft x 10.67 Ft | ||
| Lower Level | Dining Room | 10.58 Ft x 8.83 Ft | ||
| Lower Level | Kitchen | 11.25 Ft x 9.33 Ft | ||
| Lower Level | Laundry Room | 6.75 Ft x 17.58 Ft | ||
| Lower Level | Furnace | 4.58 Ft x 8.00 Ft | ||
| Main Level | 4pc Bathroom | 8.00 Ft x 4.92 Ft | ||
| Main Level | Bedroom | 8.00 Ft x 11.25 Ft | ||
| Main Level | Bedroom | 11.42 Ft x 7.92 Ft | ||
| Main Level | Dining Room | 8.00 Ft x 10.25 Ft | ||
| Main Level | Kitchen | 11.33 Ft x 13.67 Ft | ||
| Main Level | Living Room | 11.83 Ft x 22.58 Ft | ||
| Main Level | Primary Bedroom | 11.42 Ft x 9.92 Ft | ||
| Main Level | Storage | 3.42 Ft x 6.83 Ft |
Contact Us
Contact us for more information
201a, 306 Bow Valley Trail
Canmore, Alberta T1W 0L1
6204b Burbank Rd Se
Calgary, Alberta T2H 2C2
(403) 253-5678
(403) 253-0679
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December 01 2025 02:20:15
Calgary Real Estate Board
Maxwell Capital Realty