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Division No. 15
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Banff
125 Rainbow Avenue
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125 Rainbow Avenue $1,750,000
$1,750,000
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125 Rainbow Avenue
Banff, Alberta T1L1A1

MLS® Number: A2249719
3 + 1
Bedrooms
2
Bathrooms
1009
Square Feet

Listing Description

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. (30998164)

Property Summary

Property Type
Single Family
Building Type
House
Square Footage
1009 sqft
Title
Leasehold
Land Size
913.6 m2|7,251 - 10,889 sqft
Built in
1955
Annual Property Taxes
$2,945
Parking Type
Detached Garage (1)
Time on REALTOR.ca
120 days

Building

Bedrooms
Above Grade
3
Below Grade
1
Bathrooms
Total
2
Partial
0
Interior Features
Appliances Included
Refrigerator, Oven - Electric, Range - Electric, Stove, Washer & Dryer
Flooring
Carpeted, Laminate, Tile
Basement Type
Full (Finished)
Building Features
Features
Back lane, Level
Foundation Type
Poured Concrete
Style
Detached
Architecture Style
Bi-level
Construction Material
Wood frame
Structures
Deck
Heating & Cooling
Cooling
None
Heating Type
Forced air, (Natural gas)
Exterior Features
Exterior Finish
Wood siding
Neighbourhood Features
Community Features
Golf Course Development
Amenities Nearby
Golf Course, Playground, Schools, Shopping
Parking
Parking Type
Detached Garage (1)
Total Parking Spaces
4

Measurements

Square Footage
1009 sqft
Total Finished Area
1009 sqft

Rooms

MetricImperial
Main level
4pc Bathroom
Bedroom
Bedroom
Dining room
Kitchen
Living room
Primary Bedroom
Storage
Lower level
3pc Bathroom
Living room
Bedroom
Dining room
Kitchen
Laundry room
Furnace

Land

Lot Features
Fencing
Partially fenced
Frontage
24.38 m
Land Depth
37.34 m
Land Disposition
Cleared
Landscape Features
Landscaped
View
View
Other Property Information
Zoning Description
RRA (Rainbow Avenue District)
Data provided by: Pillar 9™
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403-679-1708
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MaxWell Capital Realty
201A, 306 Bow Valley Trail
CANMORE, Alberta T1W0L1
403-763-8726
403-253-0679
Email
MaxWell Capital Realty
6204B BURBANK RD SE
CALGARY, Alberta T2H2C2
403-253-5678
403-253-0679

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