125 Rainbow Avenue

Offered at: $1,845,000

MLS®: A2249719

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. (id:6769)

Quick Stats

Key Home Data

2
BATH(S)
4
BED(S)
3321
SQFT
YES
SHOWING AVAILABLE

Payment Calculator

Calculate your monthly mortgage payment.

Mortgage Amount
$
Amortization
years
Payment Freq.
Interest Rate
%
Calculating...

All About the Details

See specific details below.

Neighbourhood Statistics

Get to know your neighbourhood.

Similar Properties

Other properties you might like.

Available
preview | details

Courtesy Of
Rebecca Brookes Of RE/MAX Alpine Realty

163 Cairns Landing Canmore
Alberta T1W3J9

$4,699,000

Beds
3
Baths
5

AVAILABLE

Single Family

MLS® #A2217947

Set on a private 17,642 sq ft lot in Canmore’s most prestigious gated community, this extraordinary 4,000+ sq ft timber-framed residence is a rare opportunity to experience refined craftsmanship and mountain living at its finest. As you enter, you are welcomed by soaring fir-paneled ceilings and the timeless elegance of Italian plaster, setting a warm and sophisticated tone that defines…
Active
preview | details

Courtesy Of
BRAD HAWKER Of ROYAL LEPAGE SOLUTIONS

813 13th Street Canmore
Alberta T1W1W5

$1,790,000

Beds
3
Baths
3

ACTIVE

Single Family

MLS® #A2272932

Imagine discovering a rare property in an exceptional location, just steps from Spring Creek and an easy stroll to downtown Canmore. This lot spans over 6,600 sq ft and offers outstanding panoramic valley and mountain views. The existing home features three bedrooms and two bathrooms, sunroom and more. One of the standout features is the impressive oversized heated garage (29’7”…
Active
preview | details

Courtesy Of
Lori Mitchell Of RE/MAX Alpine Realty

150 Crosbow Place Canmore
Alberta T1W3H5

$699,000

Beds
2
Baths
2

ACTIVE

Single Family

MLS® #A2272912

Discover effortless Mountain Living in this spacious 2 bed, 2 bath open-concept condo, perfectly positioned in the heart of Three Sisters Mountain Village. Steps from the new Gateway development, you’ll enjoy future shops, restaurants, and everyday amenities—plus instant access to the extensive walking and biking paths that connect you directly to town. Set in a quiet, nature-rich location backing onto…


Request a Showing

Have questions about this property?

Chat Now

Contact Rebecca Brookes
About This Property


Office: 403-678-5890