Name: 125 Rainbow Avenue, Banff | MLS® A2249719
SKU: a2249719
Price: 1895000.0 CAD
Availability: InStock

$1,895,000 Sale

Listed 2 hours ago

125 Rainbow Avenue

MLS® a2249719 House

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Beds · 3+1

Baths · 2.0

Parking · 4

Sqft · 1009

Est. mortgage

$7,189/mo

Key Facts

Key facts for 125 Rainbow Avenue

Property Type

House, House

Parking

Garage: Yes, 4 parking

MLS #

A2249719

Size

1009 sqft

Basement

Finished, Full (Finished)

Listed on

Lot size

Tax

Days on Market

Year Built

1955

Maintenance Fee

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:10452)

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Full Property Details

Interior

Bedrooms

Bedrooms Plus

Washrooms

2.0

Square Footage

1009 sqft

Basement

Finished

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Carpeted, Laminate, Tile

Bedrooms

Bedrooms Plus

Washrooms

2.0

Square Footage

1009 sqft

Basement

Finished

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Flooring Type

Carpeted, Laminate, Tile

Exterior

Acreage

913.6 m2|7,251 - 10,889 sqft

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

RRA (Rainbow Avenue District)

Land Amenities

Golf Course, Playground, Schools, Shopping

Acreage

913.6 m2|7,251 - 10,889 sqft

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

RRA (Rainbow Avenue District)

Land Amenities

Golf Course, Playground, Schools, Shopping

Building Description

Style

House

Home Type

House

Subtype

House

Year Built

1955

Exterior

Wood siding

Architectural Style

Bi-level

Style

House

Home Type

House

Subtype

House

Year Built

1955

Exterior

Wood siding

Architectural Style

Bi-level

Community

Area Code

Banff

Features

Golf Course Development

Area Code

Banff

Features

Golf Course Development

Other

Virtual Tour Link

https://youriguide.com/125_rainbow_ave_banff_ab/

Virtual Tour Link

https://youriguide.com/125_rainbow_ave_banff_ab/

Room Types

3pc Bathroom

Dimensions .00 Ft x .00 Ft

0 sqft

4pc Bathroom

Dimensions 4.92 Ft x 8.00 Ft

39.36 sqft

Bedroom

Dimensions 10.67 Ft x 10.67 Ft

113.85 sqft

Ario Daniel Khajavi

Email: [email protected] Cell: 647-893-2482