AB > Banff
Banff, AB T1L 1A1,125 Rainbow AVE
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Banff, AB T1L 1A1,125 Rainbow AVE
Banff, AB T1L 1A1,125 Rainbow AVE
Banff, AB T1L 1A1,125 Rainbow AVE
Banff, AB T1L 1A1,125 Rainbow AVE
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Justin Warthe

Justin Warthe

+1(403) 620-8746
$ 1,845,000
Est. payment /mo
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Price Dropped by $50K

125 Rainbow AVE Banff, AB T1L 1A1

4 Beds

2 Baths

1,008 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1008.93

Square Footage 1,008 sqft

Price per Sqft $1,830

MLS Listing ID A2249719

Style Bi-Level

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1955

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Detached

Property Description

Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot 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. This iconic 1955 built home includes a detached garage which provides extra storage, while 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

Community Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Zoning RRA (Rainbow Avenue Distr

Rooms

Basement Finished, Full

Interior

Interior Features Bar, Chandelier, Separate Entrance

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Laminate, Tile

Fireplace Yes

Appliance Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer

Laundry In Basement

Exterior

Exterior Feature Private Entrance, Private Yard, Storage

Parking Features Alley Access, Driveway, Enclosed, Secured, Single Garage Detached

Garage Spaces 1.0

Fence Partial

Community Features Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 4

Garage Yes

Building

Lot Description Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views

Dwelling Type House

Faces S

Story Bi-Level

Foundation Poured Concrete

Architectural Style Bi-Level

Level or Stories Bi-Level

New Construction No

Others

Restrictions Short Term Rentals Not Allowed

Virtual Tour https://unbranded.youriguide.com/125_rainbow_ave_banff_ab/

Listed by MaxWell Capital Realty
Justin Warthe

Justin Warthe

Realtor® | Team Lead

+1(403) 620-8746

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125 Rainbow AVE