1306-1306 1st Avenue, Canmore, AB, T1W 1M4

Property Details: - Type: Detached - Bedrooms: 4 - Bathrooms: 2 - MLS#: A2325505 Listed By: CENTURY 21 NORDIC REALTY

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 $5,400 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. This detached home located at 1306 1st Avenue, Canmore is currently for sale and has been available on Zolo.ca for 5 days. This property is listed at $1,499,000 with an estimated mortgage of $5,517* per month. It has 4 beds, 2 bathrooms, and is 1,209 square feet. The property was built in 1959. 1306 1st Avenue, Canmore is in the Bow Valley Trail neighborhood Canmore. Cougar Creek, Spring Creek and Town Centre are nearby neighborhoods.