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 15, 2024 at 02:05 AM (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:
66
Min days on market:
1
Max days on market:
614
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.