Attention Investors & Dream-Home Seekers! An incredible opportunity in prime Teepee Town awaits! This stunning bilevel house sits on a spacious 4,326 sq ft lot zoned TPT-CR, offering exceptional multi-residential development potential including duplexes, triplexes, fourplexes, townhouses, stacked townhomes, accessory suites, and more — all subject to city approval. Enjoy an open-concept main floor with a cozy fireplace, modern kitchen, and breathtaking 360° mountain views. The separate-entry illegal basement suite boasts high ceilings, heated floors, and abundant natural light — ideal for rental income or guests. Currently rented for $5,500/month, this house delivers immediate cash flow while offering outstanding future redevelopment possibilities. The zoning also supports a variety of discretionary uses including B&Bs, care facilities, cultural spaces, daycare centers, and public buildings (subject to city approval). Located just a short walk from downtown, restaurants, parks, and all amenities, this rare house perfectly combines charm, income, and tremendous investment upside. Don’t miss out on this exceptional chance to invest and grow in Teepee Town!
Navigate through every room from anywhere in the world.
Curated features for a sophisticated lifestyle.
1306 1 Avenue, Canmore, Alberta, T1W 1M4
Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.
Listing courtesy of Century 21 Bravo Realty.
Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this exceptional listing.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: March 17, 2026.
