$1,750,000
Residential · MLS® A22497194Bedrooms
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 ReviewLoading map...
Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Jonas Gordon · MaxWell Capital Realty