1405 & 1409 Mountain Avenue

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: $3,700,000
• Interior size: 2,054 sqft
• Lot size: 1466.38
• Listing key: 29524991

Listing overview

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 class="container" id="details-container"2,000 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 B...