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$ 3,700,000
Est. payment /mo
Active
1405 & 1409 Mountain AVE Canmore, AB T1W 1M3
0.36 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Teepee Town
MLS® Listing ID A2295117
Annual Tax Amount $15,410
Tax Year 2025
Lot Size 0.362 Acres
Acres 0.36
Property Sub-Type Multi Family
Source Calgary
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
State AB
County Bighorn No. 8, M.d. Of
Zoning TPT-CR - Medium Density
Interior
Heating Forced Air
Inclusions All appliances, All window coverings
Exterior
Roof Type Asphalt
Lot Frontage 194.53
Others
Restrictions Restrictive Covenant
Tax ID 103032309
Ownership Private
Virtual Tour https://youtu.be/BlUQaz40-rU
Listed by Sotheby's International Realty Canada