JV Realty

Jonathan Varkey REALTOR®

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125 Rainbow Avenue, Banff, Alberta

$1,895,000

4 Beds
2 Baths
1,009 Square Feet

Prime Redevelopment Opportunity in the Heart of BanffNestled 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. (id:23309)

Listing ID: A2249719
Property Type: Single Family
Year Built: 1955

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Rooms

Level	Type	Dimensions
3pc Bathroom	Lower level	.00 Ft x .00 Ft
Living room	Lower level	22.75 Ft x 20.00 Ft
Bedroom	Lower level	10.67 Ft x 10.67 Ft
Dining room	Lower level	10.58 Ft x 8.83 Ft
Kitchen	Lower level	11.25 Ft x 9.33 Ft
Laundry room	Lower level	6.75 Ft x 17.58 Ft
Furnace	Lower level	4.58 Ft x 8.00 Ft
4pc Bathroom	Main level	8.00 Ft x 4.92 Ft
Bedroom	Main level	8.00 Ft x 11.25 Ft
Bedroom	Main level	11.42 Ft x 7.92 Ft
Dining room	Main level	8.00 Ft x 10.25 Ft
Kitchen	Main level	11.33 Ft x 13.67 Ft
Living room	Main level	11.83 Ft x 22.58 Ft
Primary Bedroom	Main level	11.42 Ft x 9.92 Ft
Storage	Main level	3.42 Ft x 6.83 Ft

Details

Architectural Style: Bi-level
Amenities Nearby: Golf Course, Playground, Schools, Shopping
Community Features: Golf Course Development
Features: Back lane, Level
Ownership: Leasehold
Parking Spaces: 4
Plan: 1926HH
Structure: Deck
Transaction: For sale
View: View
Zoning Description: RRA (Rainbow Avenue District)

Building

Appliances: Refrigerator, Oven - Electric, Range - Electric, Stove, Washer & Dryer
Architectural Style: Bi-level
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Constructed Date: 1955
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Wood siding
Fireplace Present: False
Flooring: Carpeted, Laminate, Tile
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1009 sqft
Total Finished Area: 1008.93 sqft
Type: House

Land

Amenities: Golf Course, Playground, Schools, Shopping
Fence: Partially fenced
Land Disposition: Cleared
Landscape Features: Landscaped
Size Frontage: 24.38 m
Size Irregular: 913.60
Size Total: 913.6 m2|7,251 - 10,889 sqft

Listing provided by MaxWell Capital Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 125 Rainbow Avenue in Banff Ontario. It was last modified on August 18th, 2025. Contact Jonathan Varkey to schedule a viewing or to discover other Banff real estate for sale.

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