This property, situated on a serene Banff street, is a rare investment opportunity. It has been handed down through generations and comprises two separate homes on the site. There is the original home along with a large newer addition offering a sizable legal suite, an illegal basement suite, attached garage, a large workshop and including a new outdoor covered hot tub. With the current layout, the property generates substantial income, and if the existing construction does not meet your requirements, it presents an excellent opportunity for redevelopment. The location is ideal, just two blocks from Banff Ave., and within walking distance of both the Elementary and High Schools. Additionally, the property is ripe for development, with permitted uses for apartment housing, fourplex, multiplex, and more. Discretionary uses include home occupation types 1 &2, duplex and more, making it a versatile investment.
Data was last updated April 26, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$2,150,000
Min list price:
$795,000
Max list price:
$6,400,000
Avg days on market:
40
Min days on market:
4
Max days on market:
381
Avg price per sq.ft.:
$688.24
These statistics are generated based on the current listing's property type
and located in
Banff. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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