Office Listings
125 Rainbow Avenue
Banff
T1L 1A1
$1,895,000
Residential
beds: 4
baths: 2.0
1,009 sq. ft.
built: 1955
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2249719
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1955
- Photos (46)
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Prime Redevelopment Opportunity in the Heart of Banff
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.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- Suite - Illegal
- Home Style:
- Bi-Level
- Total Living Area:
- 1,008.93 sq. ft.
- Acreage:
- No
- Lot Area:
- 9,833 sq. ft.
- Lot Frontage:
- 79'11⅞"
- Front Exposure:
- South
- Levels:
- Bi-Level
- Total Rooms Above Grade:
- 6
- Year built:
- 1955 (Age: 70)
- Bedrooms:
- 4 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 1926HH
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Wood Frame, Wood Siding
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Laminate, Tile
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- Yes
- Garage Spaces:
- 1
- Parking:
- Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Basement
- NONE
- Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
- N/A
- Short Term Rentals Not Allowed
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 11'3" × 8'
- Main Floor
- Bedroom
- 11'5" × 7'11"
- Main Floor
- Dining Room
- 10'3" × 8'
- Main Floor
- Kitchen
- 13'8" × 11'4"
- Main Floor
- Living Room
- 22'7" × 11'10"
- Main Floor
- Bedroom - Primary
- 11'5" × 9'11"
- Main Floor
- Storage
- 6'10" × 3'5"
- Lower Level
- Living Room
- 22'9" × 20'
- Lower Level
- Bedroom
- 10'8" × 10'8"
- Lower Level
- Dining Room
- 10'7" × 8'10"
- Lower Level
- Kitchen
- 11'3" × 9'4"
- Lower Level
- Laundry
- 17'7" × 6'9"
- Lower Level
- Furnace/Utility Room
- 8' × 4'7"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 4'11" x 8'
- Lower Level
- No
- 3
- 0' x 0'
- Title to Land:
- Leasehold
- Community Features:
- Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Interior Features:
- Bar, Chandelier, Separate Entrance
- Exterior Features:
- Private Entrance, Private Yard, Storage
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Improvement District No. 09 (Banff)
- Zoning:
- RRA (Rainbow Avenue Distr
- Listed Date:
- Aug 18, 2025
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Virtual Tour
Virtual Tour
Listed by MaxWell Capital Realty
Data was last updated August 20, 2025 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 21
- Avg list price:
- $1,540,000
- Min list price:
- $510,000
- Max list price:
- $6,400,000
- Avg days on market:
- 16
- Min days on market:
- 2
- Max days on market:
- 195
- Avg price per sq.ft.:
- $832.34
These statistics are generated based on the current listing's property type
and located in
Banff. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- TRUDI BURNHAM
- MAXWELL CAPITAL REALTY
- 1 (403) 8606573
- Contact by Email
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