4 Beds
2 Baths
1,008 SqFt
4 Beds
2 Baths
1,008 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $1,879
MLS® Listing ID A2249719
Style Bi-Level
Bedrooms 4
Full Baths 2
Year Built 1955
Annual Tax Amount $2,945
Tax Year 2025
Lot Size 9,833 Sqft
Acres 0.23
Property Sub-Type Detached
Source Calgary
Property Description
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.
Location
Province AB
County Improvement District No. 09 (banff)
Zoning RRA (Rainbow Avenue Distr
Direction S
Rooms
Basement Finished, Full
Interior
Interior Features Bar, Chandelier, Separate Entrance
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Laminate, Tile
Appliance Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
Laundry In Basement
Exterior
Parking Features Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
Garage Spaces 1.0
Garage Description Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
Fence Partial
Community Features Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Roof Type Asphalt Shingle
Porch Deck
Lot Frontage 79.99
Total Parking Spaces 4
Building
Lot Description Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Foundation Poured Concrete
Architectural Style Bi-Level
Level or Stories Bi-Level
Structure Type Wood Frame,Wood Siding
Others
Restrictions Short Term Rentals Not Allowed
Tax ID 101446981
Ownership Private
Virtual Tour https://unbranded.youriguide.com/125_rainbow_ave_banff_ab/
FEATURED AREAS
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
