Property Details

125 Rainbow Avenue
Banff (A2249719)

$1,895,000
4
2
1,009 ft²
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Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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.

Property details

Basic Info

MLS® #
A2249719
Property Type:
Residential
Subtype:
Detached
Subdivision:
NONE
Price
$1,895,000
Sale/Lease:
For Sale
Size:
1,009 sq.ft.
Bedrooms:
4
Bathrooms:
2
Year Built:
1955 (70 years old)

Building Info

Structure Type:
House
Building Style:
Bi-Level
Garage:
Yes
Parking:
Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
Fence:
Partial
Basement:
Finished, Full
Features:
Bar, Chandelier, Separate Entrance
Inclusions:
N/A
Appliances:
Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
Laundry:
In Basement
Exterior Features:
Private Entrance, Private Yard, Storage
Patio/Porch Features:
Deck

Neighborhood Info

Nearby Amenities:
Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.23 acres
Lot Features:
Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Zoning:
RRA (Rainbow Avenue Distr

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Wood Frame,Wood Siding
Floors:
Carpet, Laminate, Tile
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
None
Amenities:
Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Listing Info

Possession:
Negotiable
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Your Agent
  • Daniel Cram

    Sutton Group Grande Prairie
    780-814-9482

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