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:55577)
Property Features
- MLS® Number A2295117
- Price $3,700,000
- Square Footage: 2054 sqft
- Property Type: Multi-Family
- Community Name: Teepee Town
- Plan 1095f
- Total Buildings 2
Buildings
| Age | Age Is Unknown | Heating Type | Forced Air |
| Size Exterior | 2054 Sqft | Size Interior | 2054 Sqft |
| Total Finished Area | 2054 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Depth | 45.16 M |
| Size Frontage | 59.29 M | Size Irregular | 1466.38 |
| Size Total | 1466.38 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 1466.38 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | Tpt-cr - Medium Density |
Agents and Offices
- Christopher Vincent
- Laura Wright
- Office: Sotheby's International Realty Canada