CAABBanff125 Rainbow Avenue
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125 Rainbow Avenue, Banff, AB

House

Sold

Listed price in listed location currency (CAD).
$1,650,000
$1,750,000

424

MLS® A2249719

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1009 sqft
Garage Yes
Taxes $6,184
Lot Size 
Approx. Age 1955
Avg. Price Per Sqft $1,734
MLS® Number A2249719

Property Address: 125 Rainbow Avenue, Banff, AB, T1L1A1

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberA2249719
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1955
BasementFull
DrivewayAlley Access, Driveway, Enclosed, Secured, Single Garage Detached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Lower LevelNot available
Other:Lower LevelNot available
Other:Main FloorNot available
Living Room:Lower LevelNot available
Other:Lower LevelNot available
Other:Main FloorNot available
Other:Lower LevelNot available
Other:Main FloorNot available
Kitchen:Lower LevelNot available
Other:Main FloorNot available
Other:Main FloorNot available
Dining Room:Lower LevelNot available

Price History

Apr 7, 2026End Date
$1,650,000Sold Price

Sold

Aug 19, 2025List Date
$1,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
125 Rainbow Avenue, Banff, AB

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