125 Rainbow AVE new Save Request In-Person Tour Request Virtual Tour
Banff,AB T1L 1A1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1008.93
Square Footage 1,008 sqft
Price per Sqft $1,830
MLS Listing ID A2249719
Style Bi-Level
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1955
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Detached
Property 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.
Location
Province AB
Community Golf,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Walking/Bike Paths
Zoning RRA (Rainbow Avenue Distr
Rooms
Basement Finished,Full
Interior
Interior Features Bar,Chandelier,Separate Entrance
Heating Forced Air,Natural Gas
Cooling None
Flooring Carpet,Laminate,Tile
Fireplace Yes
Appliance Electric Oven,Electric Range,Electric Stove,Refrigerator,Washer/Dryer
Laundry In Basement
Exterior
Exterior Feature Private Entrance,Private Yard,Storage
Parking Features Alley Access,Driveway,Enclosed,Secured,Single Garage Detached
Garage Spaces 1.0
Fence Partial
Community Features Golf,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Deck
Total Parking Spaces 4
Garage Yes
Building
Lot Description Back Lane,Cleared,Few Trees,Front Yard,Landscaped,Level,Low Maintenance Landscape,Private,Rectangular Lot,Views
Dwelling Type House
Faces S
Story Bi-Level
Foundation Poured Concrete
Architectural Style Bi-Level
Level or Stories Bi-Level
New Construction No
Others
Restrictions Short Term Rentals Not Allowed
Virtual Tour https://unbranded.youriguide.com/125_rainbow_ave_banff_ab/