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.
For sale
C$1,750,000
125 S Rainbow Ave, Banff, AB T1L 1H1
4beds
1,009sqft
Single Family Residence
Built in 1955
10,018.8 Square Feet Lot
$-- Zestimate®
C$1,735/sqft
C$-- HOA
What's special
Detached garage
- 125 days |
- 208 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 03:30am
Listed by:
Jonas Gordon, Associate,
Maxwell Capital Realty,
Yannis Soukas, Associate,
Maxwell Capital Realty
Source: courtesy of Pillar9 System,MLS®#: A2249719
Originating MLS®#: Calgary
Originating MLS®#: CalgaryFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Dimensions: 8`0" x 11`3"
Bedroom
- Level: Main
- Dimensions: 11`5" x 7`11"
Other
- Level: Main
- Dimensions: 11`5" x 9`11"
Bedroom
- Level: Lower
- Dimensions: 10`8" x 10`8"
Other
- Level: Main
- Dimensions: 8`0" x 4`11"
Other
- Level: Lower
- Dimensions: 0`0" x 0`0"
Dining room
- Level: Main
- Dimensions: 8`0" x 10`3"
Dining room
- Level: Lower
- Dimensions: 10`7" x 8`10"
Other
- Level: Lower
- Dimensions: 4`7" x 8`0"
Kitchen
- Level: Main
- Dimensions: 11`4" x 13`8"
Kitchen
- Level: Lower
- Dimensions: 11`3" x 9`4"
Laundry
- Level: Lower
- Dimensions: 6`9" x 17`7"
Living room
- Level: Main
- Dimensions: 11`10" x 22`7"
Living room
- Level: Lower
- Dimensions: 22`9" x 20`0"
Storage
- Level: Main
- Dimensions: 3`5" x 6`10"
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
- Laundry: In Basement
Features
- Bar, Chandelier, Separate Entrance
- Flooring: Carpet, Laminate, Tile
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 1,008 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Bi-Level
- Stories: 1
- Patio & porch: Deck
- Exterior features: Private Entrance, Private Yard, Storage
- Fencing: Partial
- Has view: Yes
- Frontage length: 24.38M 80`0"
Lot
- Size: 10,018.8 Square Feet
- Features: Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
Details
- Parcel number: 101446981
- On leased land: Yes
- Zoning: RRA (Rainbow Avenue Distr
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1955
Community & HOA
Community
- Features: Golf, Playground, Sidewalks
- Subdivision: NONE
HOA
- Has HOA: No
Location
- Region: Banff
Financial & listing details
- Price per square foot: C$1,735/sqft
- Date on market: 8/19/2025
- Inclusions: N/A
Jonas Gordon, Associate
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: T1L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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