Seize this rare opportunity to invest in a prime redevelopment site in the heart of Teepee Town, one of Canmore’s most dynamic and evolving neighborhoods. Situated on a 6,600 sq. ft. lot, this property is zoned TPT-CR-B, allowing for multi-unit residential development, including apartment buildings, stacked townhouses, or townhouses. With its strategic location and flexible zoning, this site presents an exceptional opportunity for investors and developers looking to capitalize on Canmore’s growing demand for housing.
The existing two-story home features a two-bedroom main floor and a two-bedroom illegal suite on the lower level, offering strong rental income potential while planning your redevelopment. A shop and shed are also included on the property, providing additional storage or workspace. This lot is part of a unique opportunity to purchase adjacent properties, allowing for an even larger-scale project.
Teepee Town is undergoing significant transformation, making this an ideal location for a new residential development. The property is within walking distance of downtown Canmore, trails, and essential amenities, adding to its long-term appeal. Whether you choose to rent and hold or redevelop right away, this site offers outstanding potential in one of Canmore’s most sought-after redevelopment zones.
Asking Price: $1,750,000. Contact us today for more details on this exciting investment opportunity. This property is listed by Commercial Real Estate Services, please contact Shawn Biggings for more information.
Listed by RE/MAX Alpine Realty and NON BOARD BROKER
Data was last updated March 14, 2025 at 05:30 AM (UTC)
Area Statistics
Listings on market:
121
Avg list price:
$1,350,000
Min list price:
$39,995
Max list price:
$8,717,800
Avg days on market:
50
Min days on market:
1
Max days on market:
483
Avg price per sq.ft.:
$935.29
These statistics are generated based on the current listing's property type
and located in
Canmore. 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.