Fantastic development opportunity in Banff! Nestled on a quiet street just steps from the Banff Centre, this character-filled property offers a rare opportunity to own a double lot exceeding 10,000 sqft in the heart of Banff. Zoned RNC, the lots allow for up to 8 units (with potential for 9+ through discretionary use - FAR 1.0), offering incredible development potential. The home retains its original charm and could also be a fantastic family home with some renovations. The expansive yard is a highlight, featuring a charming patio, firepit, and greenhouse—perfect for outdoor relaxation. It is also ideal for staff accommodation with 6 bedrooms and 2 bathrooms. The basement can easily be partitioned into an (illegal) suite, and with the town’s current financial incentives to legalize secondary suites, this property is a prime candidate. A unique investment with endless possibilities!
Data was last updated November 16, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$924,750
Min list price:
$472,500
Max list price:
$6,400,000
Avg days on market:
68
Min days on market:
3
Max days on market:
616
Avg price per sq.ft.:
$718.86
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™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.