Prime redevelopment opportunity in the heart of Banff, nestled on a spacious 9,834 square foot lot, with breathtaking views towards the surrounding mountain vistas, this property offers a rare chance to secure a revenue-generating holding property with exceptional future potential. This iconic 1955 built home includes a detached garage which provides extra storage, while the site produces steady rental income while you plan your next steps. The permitted zoning allows for up to an 8-plex development, and discretionary use provides the possibility for an apartment complex, subject to town planning approval. With convenient alley access, a valuable advantage for residents, guests, or construction access, this lot is well positioned for a thoughtful multi-family build in one of Canada’s most sought after mountain communities. Whether you’re planning your dream build, an investor looking to hold and generate income or a developer ready to bring new housing to the heart of Banff, opportunities like this are rare.