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$ 3,700,000
Est. payment /mo
Active
1405 & 1409 Mountain Avenue Canmore, AB T1W1M3
2,054 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2054
Square Footage 2,054 sqft
Price per Sqft $1,801
Subdivision Teepee Town
MLS® Listing ID A2295117
Lot Size 0.362 Acres
Acres 0.36235037
Property Description
Rare redevelopment opportunity in the core of Canmore at 1405 & 1409 Mountain Avenue. This exceptional offering spans over 15,700 sqft across three parcels in the Teepee Town Medium Density district, allowing for a range of development options including townhomes, stacked townhomes, or low-rise apartment buildings. Ideally located within walking distance to Main Street, commercial amenities, trail networks, and the Canmore Hospital, this site sits in an area undergoing significant redevelopment and long-term growth.Two existing homes provide strong holding income, currently generating over $12,000 per month in long-term rental revenue, offering stability while advancing plans. The current owner has completed building drawings and marketing materials for a stacked townhouse development, providing a valuable head start for future redevelopment. With the Town of Canmore advancing Land Use Bylaw updates anticipated in 2027, this is a strategic opportunity to secure a large, centrally located parcel with both immediate income and long-term development upside. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://youtu.be/BlUQaz40-rU
Listed by Sotheby's International Realty Canada