AB > Banff
Banff, AB T1L1A1,125 Rainbow Avenue
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Banff, AB T1L1A1,125 Rainbow Avenue
Banff, AB T1L1A1,125 Rainbow Avenue
Banff, AB T1L1A1,125 Rainbow Avenue
Banff, AB T1L1A1,125 Rainbow Avenue
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Elizabeth Chi

Elizabeth Chi

+1(778) 715-9988
$ 1,895,000
Est. payment /mo
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125 Rainbow Avenue Banff, AB T1L1A1

4 Beds

2 Baths

1,009 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Leasehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,009 sqft

Price per Sqft $1,878

MLS® Listing ID A2249719

Style Bi-level

Bedrooms 4

Year Built 1955

Lot Size 9,833 Sqft

Acres 0.22575548

Property Sub-Type Leasehold

Source Calgary Real Estate Board

Property Description

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:24570)

Location

State AB

Rooms

Kitchen 2.0

Extra Room 1 Lower level .00 Ft x .00 Ft 3pc Bathroom

Extra Room 2 Lower level 22.75 Ft x 20.00 Ft Living room

Extra Room 3 Lower level 10.67 Ft x 10.67 Ft Bedroom

Extra Room 4 Lower level 10.58 Ft x 8.83 Ft Dining room

Extra Room 5 Lower level 11.25 Ft x 9.33 Ft Kitchen

Extra Room 6 Lower level 6.75 Ft x 17.58 Ft Laundry room

Interior

Heating Forced air,

Cooling None

Flooring Carpeted, Laminate, Tile

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Partially fenced

Community Features Golf Course Development

View Y/N Yes

View View

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped

Architectural Style Bi-level

Others

Ownership Leasehold

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Listed by MaxWell Capital Realty
agent

Elizabeth Chi

+1(778) 715-9988

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125 Rainbow Avenue