ALBERTA LUXURY HOMES FOR SALE
ALBERTA LUXURY REAL ESTATE LISTINGS, LUXURY HOMES FOR SALE IN ALBERTA, ALBERTA LUXURY HOUSES FOR SALE
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Dial 403.397.3706 for Diane Richardson
MULTI-MILLION DOLLAR HOMES FOR SALE CALGARY
| MILLION DOLLAR CALGARY HOMES | 3 MILLION DOLLAR CALGARY HOMES |
| 2 MILLION DOLLAR CALGARY HOMES | 4 MILLION DOLLAR CALGARY HOMES |
ALBERTA LUXURY HOMES FOR SALE
125 Rainbow Avenue
Banff
T1L 1A1
$1,895,000
Residential
beds: 4
baths: 2.0
1,009 sq. ft.
built: 1955
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2249719
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1955
- Photos (46)
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Prime Redevelopment Opportunity in the Heart of Banff
Nestled 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.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- Bi-Level
- Total Living Area:
- 1,008.93 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
- Signup
- Taxes:
- Signup
- Tax Assessed Value:
- Signup
- HOA Fee Includes:
- Signup
- Acreage:
- No
- Lot Area:
- 9,833 sq. ft.
- Lot Frontage:
- 79'11⅞"
- Acres Cleared:
- Signup
- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- South
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- Bi-Level
- Total Rooms Above Grade:
- 6
- Year built:
- 1955 (Age: 70)
- Bedrooms:
- 4 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 1926HH
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Wood Frame, Wood Siding
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Laminate, Tile
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- Yes
- Garage Spaces:
- 1
- Parking:
- Alley Access, Driveway, Enclosed, Secured, Single Garage Detached
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- In Basement
- NONE
- Electric Oven, Electric Range, Electric Stove, Refrigerator, Washer/Dryer
- N/A
- Short Term Rentals Not Allowed
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 11'3" × 8'
- Main Floor
- Bedroom
- 11'5" × 7'11"
- Main Floor
- Dining Room
- 10'3" × 8'
- Main Floor
- Kitchen
- 13'8" × 11'4"
- Main Floor
- Living Room
- 22'7" × 11'10"
- Main Floor
- Bedroom - Primary
- 11'5" × 9'11"
- Main Floor
- Storage
- 6'10" × 3'5"
- Lower Level
- Living Room
- 22'9" × 20'
- Lower Level
- Bedroom
- 10'8" × 10'8"
- Lower Level
- Dining Room
- 10'7" × 8'10"
- Lower Level
- Kitchen
- 11'3" × 9'4"
- Lower Level
- Laundry
- 17'7" × 6'9"
- Lower Level
- Furnace/Utility Room
- 8' × 4'7"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 4'11" x 8'
- Lower Level
- No
- 3
- 0' x 0'
- Title to Land:
- Leasehold
- Community Features:
- Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Interior Features:
- Bar, Chandelier, Separate Entrance
- Exterior Features:
- Private Entrance, Private Yard, Storage
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Lane, Cleared, Few Trees, Front Yard, Landscaped, Level, Low Maintenance Landscape, Private, Rectangular Lot, Views
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Improvement District No. 09 (Banff)
- Zoning:
- RRA (Rainbow Avenue Distr
- Listed Date:
- Aug 18, 2025
- Days on Mkt:
- Signup
-
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Virtual Tour
Virtual Tour
Listed by MaxWell Capital Realty
Data was last updated August 21, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 21
- Avg list price:
- $1,540,000
- Min list price:
- $510,000
- Max list price:
- $6,400,000
- Avg days on market:
- 17
- Min days on market:
- 3
- Max days on market:
- 196
- Avg price per sq.ft.:
- $832.34
These statistics are generated based on the current listing's property type
and located in
Banff. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
SPEAK WITH DIANE RICHARDSON
Please email, text, or phone me if there are any Alberta luxury real estate listings that catch your eye and you'd like to have a closer look. I'll set up a private showing at a time that works for you. I may be reached via email, text, or phone at 403-397-3706 as well. Make sure to provide the MLS® number or the location of the property that you are interested in. Use our tried-and-true marketing strategies to list your Calgary home for sale, or get in touch with me right away to schedule a private viewing of any property you see on forsaleinCalgary.com.
Diane Richardson 403.397.3706
Diane@mypadCalgary.com
Cell:
403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary
AB
T2H 2C3
CA
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