Property Information:

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 $5,500 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.

Inclusions: N/A

Building Features:

Total Finished Area: 1209.00

Property Features:

Bedrooms: 2+2
Bathrooms: 2+0
Architectural Style: Bi-Level
Built in: 1959
Construction Materials: Wood Frame
Cooling: None
Exterior Features: Balcony, Garden, Private Yard, Storage
Fireplace Features: Electric, Living Room
Floor Space (approx): 1209.00 Square Feet
Flooring: Carpet, Hardwood, Laminate, Tile
Foundation Details: Poured Concrete
Heating: In Floor, Forced Air, Natural Gas
Interior Features: Kitchen Island, Pantry, Storage
Irregular: Yes
Levels: 3 Level Split
Lot Size: 4326.00 Square Feet
Parking Features: Off Street
Roof: Asphalt Shingle
Zoning: TPT-CR
No. of Parking Spaces: 4

Courtesy of: Century 21 Nordic Realty

Data provided by: Alberta West REALTORS® Association Foothills Building, Hinton, Alberta T7V 1V1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 1306 1st Avenue, Canmore, AB, T1W 1M4

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$135,680.86

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.02 %

High school certificate or equivalent

25.88 %

Apprenticeship trade certificate/diploma

6.01 %

College/non-university certificate

19.11 %

University certificate (below bachelor)

2.27 %

University Degree

39.71 %

Commuter

Travel To Work

By Car

70.6 %

By Public Transit

2.66 %

By Walking

18.4 %

By Bicycle

5.61 %

By Other Methods

2.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.2 %

Houses

41.8 %

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