Prime redevelopment opportunity in Canmore! Zoned TPT-CR (Teepee Town Comprehensive Redevelopment District), this 4,326 sq ft valley-floor lot opens the door to duplex dwellings, townhouses, stacked townhouses, and accessory dwelling units — all permitted uses, subject to city approval. Discretionary uses expand the possibilities further, including care facilities, common amenity housing, daycare centres, cultural establishments, and home occupations (Class 2), all subject to city approval. Developers and investors: land like this, steps from downtown Canmore, rarely comes available. While you plan, the property pays — this well-kept bungalow is currently tenanted at $5,500 per month, offering solid holding income from day one. Separate entrances serve the main floor and the developed basement suite, giving the home flexible rental configurations. Upstairs, an open-concept layout ties the kitchen and dining area into a comfortable living room centred on a fireplace with built-in shelving, framed by mountain views, with two bedrooms and a 4-piece bath rounding out the main level. The lower level impresses with high ceilings, in-slab heated floors, and oversized windows, plus a family room with wet bar, two more bedrooms, a second 4-piece bath, and dedicated laundry. Outside, enjoy a large entertaining deck with built-in kitchen, fenced yard, mature trees, gardens, and a sunny sunroom off the mudroom. Walk to everything — downtown restaurants and cafés, parks, the rec centre, hospital, and groceries are all minutes away. Hold, rent, or build: this is Canmore opportunity at its best.
Address
1306 1st Avenue
List Price
$1,475,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bi-Level
Transaction Type
Sale
Area
Canmore
Sub-Area
Bow Valley Trail
Bedrooms
4
Bathrooms
2
Floor Area
1,209 Sq. Ft.
Lot Size
4326 Sq. Ft.
Year Built
1959
MLS® Number
A2332992
Listing Brokerage
Century 21 Nordic Realty
Basement Area
Full
Postal Code
T1W 1M4
Zoning
TPT-CR
Site Influences
Back Lane, Backs on to Park/Green Space, Back Yard, Irregular Lot, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground