125 Rainbow Avenue Banff, Alberta T1L 1A1

4 Bedroom 2 Bathroom 1,009 ft2
Bi-Level None Forced Air Landscaped

$1,895,000

Prime Redevelopment Opportunity in the Heart of BanffNestled 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. (id:60626)

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 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

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