Description

Banff development site consisting of 2 adjacent down town lots both 40 x 130 with alley access. Permitted uses are apartment housing, (rental or condo), 4 plex + stacked row housing. The site is 10,441 sq ft and using a floor area ratio of 1.3 there is about 13,573 sq ft to develop. Renowned long time local designer Robb Findlay has detailed knowledge of this site and can be a strong resource for any buyer interested. Robb estimated that 21 to 22 units would be attainable if one used the entire site while incorporating a parkade. We also have a concept that could keep the existing former Bankhead character home but that reduces the number of additional units that can be built. Ideal investment opportunity for you with the long-term strength of the Banff Rental market which could include staff accommodation, rental housing or condo development. (id:17377)
Complete Description
Complete Description

Property features

Asking Price
$2,300,000
Year of construction
1926
ROYAL LEPAGE ROCKY MOUNTAIN REALTY
Source: REALTOR.ca DDF®

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage

Price history

Price history for this listing is not publicly available. To request a consultation with a local Purplebricks REALTOR® call: 1-855-757-2275

$2,300,000

Lot for sale

216 & 218 MUSKRAT STREET

Banff

MLS® # 50230

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