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.
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.
Property Details
Price:
$1,845,000
MLS #:
A2249719
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Detached
Listed Date:
Aug 19, 2025
Finished Sq Ft:
1,008
Lot Size:
9,833 sqft / 0.23 acres (approx)
Year Built:
1955
See this Listing
Schools
Interior
Appliances
Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
Basement
Finished, Full
Bathrooms Full
2
Laundry Features
In Basement
Exterior
Exterior Features
Private Entrance, Private Yard, Storage
Lot Features
Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Parking Features
Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
Parking Total
4
Patio And Porch Features
Deck
Roof
Asphalt Shingle
Financial
Map
Community
- Address125 Rainbow Avenue Banff AB
- CityBanff
- CountyImprovement District No. 09 (Banff)
- Zip CodeT1L 1A1
Market Summary
Current real estate data for Single Family in Banff as of Oct 24, 2025
11
Single Family Listed
100
Avg DOM
1,129
Avg $ / SqFt
$2,238,909
Avg List Price
Property Summary
- 125 Rainbow Avenue Banff AB is a Single Family for sale in Banff, AB, T1L 1A1. It is listed for $1,845,000 and features 4 beds, 2 baths, and has approximately 1,008 square feet of living space, and was originally constructed in 1955. The current price per square foot is $1,830. The average price per square foot for Single Family listings in Banff is $1,129. The average listing price for Single Family in Banff is $2,238,909. To schedule a showing of MLS#a2249719 at 125 Rainbow Avenue in Banff, AB, contact your Walter Saccomani | Real Broker agent at 4039035395.
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125 Rainbow Avenue
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