1405 & 1409 Mountain Avenue Canmore, Alberta T1W 1M3
$3,700,000
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. (id:63476)
Property Details
| MLS® Number | A2295117 |
| Property Type | Multi-family |
| Community Name | Teepee Town |
| Plan | 1095f |
| Total Buildings | 2 |
Building
| Age | Age Is Unknown |
| Heating Type | Forced Air |
| Size Exterior | 2054 Sqft |
| Size Interior | 2,054 Ft2 |
| Total Finished Area | 2054 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Depth | 45.16 M |
| Size Frontage | 59.29 M |
| Size Irregular | 1466.38 |
| Size Total | 1466.38 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text | 1466.38 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | Tpt-cr - Medium Density |
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March 27 2026 05:59:29
Calgary Real Estate Board
Sotheby's International Realty Canada