1405 & 1409 Mountain Avenue, Canmore, AB, T1W 1M3

Property Details: - Type: Multi Family - Bedrooms: 0 - Bathrooms: 0 - MLS#: A2295117 Listed By: SOTHEBY'S INTERNATIONAL REALTY CANADA

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.

This multi family listing located at 1405 & 1409 Mountain Avenue, Canmore is currently for sale and has been available on Zolo.ca for 0 day. 1405 & 1409 Mountain Avenue, Canmore is in the Teepee Town neighborhood Canmore. Town Centre, Bow Valley Trail and None are nearby neighborhoods.