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Data was last updated 2025-10-21 at 18:40:04 GMT
$1,845,000

125 Rainbow Avenue   Banff, Alberta

MLS®: A2249719
URL:    
Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot lot, with breathtaking views towards the surrounding mountain views, this property offers a rare chance to secure a revenue-generating holding property with exceptional development potential. The land is currently improved with a 4 bedroom home and a detached garage, producing steady rental income. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for additional development including an apartment complex, subject to town approval. With convenient alley access, a valuable advantage for residents, visitors, and 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.
Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot lot, with breathtaking views towards the surrounding mountain views, this property offers a rare chance to secure a revenue-generating holding property with exceptional development potential. The land is currently improved with a 4 bedroom home and a detached garage, producing steady rental income. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for additional development including an apartment complex, subject to town approval. With convenient alley access, a valuable advantage for residents, visitors, and 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.

Listing Information

Prop. Type:
Detached
Property Style:
Bi-Level
Status:
Active
City:
Banff
Bedrooms:
4
Full Bathrooms:
2
Neighbourhood:
NONE
Area:
Improvement District No. 09 (Banff)
Province:
Alberta
MLS® Number:
A2249719
Listing Price:
$1,845,000

General Information

Year Built:
1955
Total Square Feet:
1009ft2

Additional Information

Basement Dev:
Finished, Full
Parking:
Alley Access, Driveway, Enclosed, Secured, Single Garage Detached

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This property is listed by MaxWell Capital Realty and provided here courtesy of Carmelle Smutko. For more information or to schedule a viewing please contact Carmelle Smutko.
Carmelle Smutko
Century 21 Bamber Realty LTD
Phone: 403-863-4536
Mobile Phone: 403-863-4536
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
This site's content is the responsibility of Carmelle Smutko, licensed REALTOR®(s) in the Province of Alberta.
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The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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