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CAABBanff125 Rainbow Avenue
125 Rainbow Avenue, House other with 4 bedrooms, 2 bathrooms and 4 parking in Banff AB | Image 1
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$1,895,000

125 Rainbow Avenue, Banff, AB

House

For Sale

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424
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1008 sqft
Garage Yes
Taxes 
Days Active 27
Lot Size 
Approx. Age 1955
Avg. Price Per Sqft $1,879
MLS® Number A2249719

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberA2249719
Laundry LevelIn Basement
Central VacNo
FireplaceNo
Acreage0.23
ExteriorPrivate Entrance, Private Yard, Storage
GarageYes
Approx. Age1955
BasementFinished, Full
DrivewayAlley Access, Driveway, Enclosed, Secured, Single Garage Detached
Garage Spaces
HeatForced Air, Natural Gas
A/CNone
Heating Fuel

Extras

N/A

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