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Main Photo: 223 Otter Street: Banff Hotel/Motel for sale : MLS®# A2199643
Photo 1: 223 Otter Street: Banff Hotel/Motel for sale : MLS®# A2199643
Photo 2: 223 Otter Street: Banff Hotel/Motel for sale : MLS®# A2199643
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2199643
Build. Type:
Free-Standing
With a net operating income of $425k in 2024 and forecast NOI of $460 in 2025, an incredible opportunity in Banff. Positioned in the heart of Banff, 223 Otter Street presents a rare opportunity to own one of the town’s highly coveted B&B Inn licenses—one of just eight in existence. With recent regulatory changes tightening short-term rental allowances, income-generating properties of this scale and exclusivity are becoming increasingly scarce. This historic 10-room inn, complete with a manager’s suite, combines strong revenue potential with an exceptional lifestyle investment. The main building features seven guest rooms, while the lower level adds three more, providing flexible accommodation options. Guests and owners alike can enjoy multiple common areas, a spacious deck with panoramic views of Mount Norquay, and a full kitchen—all designed for both relaxation and efficiency. Off-street parking further enhances the guest experience. For investors, this asset offers a compelling cap rate in a high-demand tourism market with strict barriers to entry. More than just a business, 223 Otter Street provides the rare ability to meet Banff’s "need to reside" requirement while capitalizing on a tightly controlled, high-yield hospitality segment in Canada’s first national park. A scarce asset in an iconic destination—this is Banff investment real estate at its finest.
Property Type:
Commercial
Property Sub Type:
Hotel/Motel
Transaction Type:
For Sale
Possession:
Possession Date:
Building Type:
Free-Standing
Business Type:
Bed & Breakfast, Hotel/Motel
Business Name:
Rocky Mountain Bed & Breakfast
Total Building Area:
4,959 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,214 sq. ft.
Lot Frontage:
40'1½"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
6719BC
Heating:
Boiler, Natural Gas
Foundation:
Poured Concrete
Structure Type:
Hotel/Motel
Roof:
Asphalt Shingle
Ensuite:
No
Garage:
0
Parking Places:
6
Parking Total/Covered:
6 / -
NONE
All appliances, chattels, furnishings, electronics and art
Short Term Rentals Allowed
Title to Land:
Leasehold
Lot Features:
Sloped Down
Access To Property:
Back Alley Access, Public
Num. of Parcels:
0
Region:
Improvement District No. 09 (Banff)
Zoning:
RNC
Listed Date:
Mar 07, 2025
Days on Mkt:
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Data was last updated March 18, 2025 at 04:09 PM (UTC)
Rob Campbell
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