$1,750,000

Residential · MLS® A2249719
4Bedrooms
2Bathrooms
1,008.93Sq Ft
1Garage
1955Year Built
02 / Overview

PROPERTY OVERVIEW

Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot lot, with breathtaking views towards the surrounding mountain views, this property offers a rare chance to secure a revenue-generating holding property with exceptional development potential. The land is currently improved with a 4 bedroom home and a detached garage, producing steady rental income. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for additional development including an apartment...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,008.93 sq ft
Lot Size9,833 sq ft
ZoningRRA (Rainbow Avenue Distr
HeatingForced Air • Natural Gas
CoolingNone
ParkingAlley Access • Driveway • Enclosed • Secured • Single Garage Detached
ExteriorPrivate Entrance • Private Yard • Storage
BasementFull
Year Built1955
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$5,789After mortgage & expenses
Cap Rate0.5%Based on market rents
Cash on Cash Return-19.9%With 20% down payment
Est. Monthly Rent$1,966Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

Needs Review
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Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Jonas Gordon · MaxWell Capital Realty