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 $1,879
MLS Listing ID A2249719
Style Bi-Level
Bedrooms 4
Full Baths 2
Year Built 1955
Lot Size 10,018 Sqft
Property Sub-Type Detached
Property Description
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.
Location
State AB
County 0164
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
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
Building
Lot Description Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Dwelling Type House
Foundation Poured Concrete
New Construction No
Others
Virtual Tour https://unbranded.youriguide.com/125_rainbow_ave_banff_ab/