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$3,700,000
Est. payment /mo
2,054 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $1,801
Subdivision Teepee Town
MLS Listing ID A2295117
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Multi Family
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.
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.
Location
Province AB
Zoning TPT-CR - Medium Density
Interior
Heating Forced Air
Inclusions All appliances, All window coverings
Fireplace No
Exterior
Roof Type Asphalt
Garage No
Building
Dwelling Type Other
Others
Restrictions Restrictive Covenant
Virtual Tour 2 https://unbranded.youriguide.com/1405_1409_mountain_ave_canmore_ab/
Virtual Tour https://youtu.be/BlUQaz40-rU
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Listed by Sotheby's International Realty Canada
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