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115 Spray Avenue, Improvement District No. 09 (Banff)
$4,150,000
8 Beds ⋅ 5 Baths ⋅ A2351634 MLS® #
Mid-century modern architecture meets contemporary mountain living, framed by the extraordinary landscape of Banff National Park.Set on an expansive 15,521-square-foot lot in the heart of Banff, 115 Spray Avenue combines the clean lines of mid-century modern architecture with warm, thoughtfully updated interiors. Offering over 4,800 square feet of living space, panoramic mountain views and an exceptional connection to the outdoors, this distinctive residence captures the essence of refined alpine living.From the street, the home's modernist silhouette makes a striking statement. Inside, contemporary sophistication meets the inviting character of a mountain retreat, creating spaces equally suited to quiet mornings, family gatherings and entertaining.The main level centres around a welcoming living room and spacious dining area. A luxurious kitchen anchors the home, complemented by a generous pantry and practical mudroom designed for an active mountain lifestyle. The primary suite offers a private sanctuary with a spa-inspired ensuite and walk-in closet, bringing comfort and convenience to everyday living.Above, five additional bedrooms offer flexibility for family and guests. The defining feature is an expansive balcony capturing breathtaking 360-degree views of Mount Rundle, Cascade Mountain, Sulphur Mountain and Mount Norquay. The surrounding peaks create an ever-changing panorama, connecting the architecture to its remarkable natural setting.The lower level provides additional versatility with an existing non-conforming, illegal two-bedroom suite, along with dedicated laundry facilities and substantial storage.Outdoors, the gently sloping lot elevates the home's position and enhances its mountain views. A fenced rear garden creates a private oasis, complete with hot tub and fire pit for evenings beneath the stars and après-ski gatherings.Beyond the property, Banff offers an extraordinary lifestyle. Morning walks along the Bow River, afternoons skiing, hiking or cycling, and evenings enjoying the town's restaurants and cultural offerings become part of everyday life. Here, the distinction between a mountain holiday and home begins to disappear.An Exceptional Landholding with Future Development PotentialThe property's substantial 15,521-square-foot lot carries RSA: Spray Avenue District zoning, established to accommodate the eventual redevelopment of single-detached properties into medium-density residential housing.This designation offers compelling long-term possibilities, with triplex, fourplex and multiplex housing identified as permitted uses, while apartment housing and other residential configurations may be considered as discretionary uses, subject to applicable regulations and approvals.In a community where developable land is exceptionally limited, this property presents a rare combination of immediate residential enjoyment and future redevelopment potential.

115 Spray Avenue, Improvement District No. 09 (Banff)

Courtesy of Sotheby's International Realty Canada.
109B Banff Avenue, Improvement District No. 09 (Banff)
$699,000
A2330572 MLS® #
A rare opportunity to own a well-established restaurant in one of Canada’s most visited destinations. Perfectly positioned on Banff Avenue, this operation benefits from unbeatable foot traffic, year-round tourism, and exceptional visibility.This restaurant offers a turnkey setup with updated furnishings, and a welcoming dining space that captures both locals and visitors. With its proven history, strong location presence, this business is ready for new ownership to step in and continue its success—or bring a fresh new concept to one of the most high-demand streets in the Rockies.Whether you’re an experienced operator or expanding your hospitality portfolio, this is a rare chance to secure a premium Banff Avenue address and build upon an already thriving foundation. Opportunities like this don’t come often.

109B Banff Avenue, Improvement District No. 09 (Banff)

Courtesy of RE/MAX KEY.
301,303,305,307 Marten Street, Improvement District No. 09 (Banff)
$7,800,000
8 Beds ⋅ 4 Baths ⋅ A2331923 MLS® #
An exceptional opportunity to acquire a premier development property offering over 25,000 sq. ft. of land in a highly desirable location. Permitted use includes accessory dwelling, apartment dwelling, 4plex, public parks, and multiplex housing. Whether you’re a developer, builder, or investor, this expansive parcel presents incredible potential for future redevelopment.

301,303,305,307 Marten Street, Improvement District No. 09 (Banff)

Courtesy of RE/MAX KEY.
425 Muskrat Street, Improvement District No. 09 (Banff)
$4,200,000
A2334650 MLS® #
An exceptional opportunity to acquire a rare vacant development property in the heart of Banff, Canada's first national park. Encompassing approximately 0.58 acres, this unique offering consists of two legal lots under one title, spanning the RBA and RNC Land Use Districts under the Town of Banff Land Use Bylaw. The RBA designation permits apartment, multiplex, and fourplex housing, while the RNC designation permits duplex, triplex, fourplex, and multiplex housing, subject to all applicable bylaws, development permit approval, and municipal requirements. Ideally situated, the property captures spectacular views of Cascade Mountain, Mount Norquay, Sulphur Mountain, and Tunnel Mountain, while remaining within walking distance of downtown Banff, schools, parks, trails, and everyday amenities. Opportunities to acquire a vacant infill development site of this size and caliber in Banff are exceptionally rare, making this a remarkable redevelopment opportunity in one of Canada's most sought-after mountain communities.

425 Muskrat Street, Improvement District No. 09 (Banff)

Courtesy of Heartland Real Estate.
110 Beaver Street Unit 104, Improvement District No. 09 (Banff)
$615,000
2 Beds ⋅ 1 Baths ⋅ A2336426 MLS® #
Welcome to this 2-bedroom condo ideally located just minutes from downtown. Offering the perfect blend of comfort, convenience, and lifestyle, this bright and inviting home features large windows that fill the unit with natural light.The functional floor plan provides comfortable everyday living, while the well-appointed kitchen opens seamlessly to the dining and living areas, making it perfect for entertaining or relaxing after a busy day. Enjoy the convenience of being within walking distance to shops, restaurants, cafes, parks, and all the amenities downtown has to offer.Whether you’re a first-time buyer, downsizer, or investor this condo presents an excellent opportunity to own in a highly desirable location. Don’t miss your chance to enjoy carefree living close to the heart of the community.

110 Beaver Street Unit 104, Improvement District No. 09 (Banff)

Courtesy of RE/MAX KEY.
246 Kluane Drive, Improvement District No. 09 (Banff)
$920,000
3 Beds ⋅ 2 Baths ⋅ A2327457 MLS® #
Nestled in a peaceful cul-de-sac and surrounded by nature, this 3 bedroom one and half bathroom townhouse offers the perfect blend of comfort, space, and outdoor living. Just steps from a bubbling creek and a trail system, this home provides a quiet retreat while keeping you connected to the natural beauty around you. Inside, the inviting rustic feel is enhanced by a cozy wood burning fireplace, creating the perfect space to relax. Large windows allow for abundance of natural light throughout the home. The updated kitchen features granite countertops and stainless steel appliances, with a new electric stove and dishwasher awaiting delivery. Refinished hardwood floors add warmth and character throughout the main living areas, while new vinyl flooring on the upper level provides a fresh, contemporary touch. The fenced backyard offers a private outdoor space ideal for pets, gardening, or safe place for children to play. Walk out basement and attached garage provides lots of space to keep your mountain gear organized.

246 Kluane Drive, Improvement District No. 09 (Banff)

Courtesy of RE/MAX Alpine Realty.
417 Beaver Street Unit 102, Improvement District No. 09 (Banff)
$699,000
2 Beds ⋅ 1 Baths ⋅ A2322759 MLS® #
Mountain Manor! Beautifully Upgraded Two Bedroom Condo! Don't miss viewing this bright tastefully renovated home with great views in a well maintained condo complex! This home is in excellent condition throughout and has been recently modernized with a complete new kitchen and appliance package, engineered hardwood flooring, new paint, stone fireplace surround, new light fixtures and switches, and new windows. The unit also has a large balcony, a wood burning fire place, off street parking with plug-in, and ample storage. An excellent entry level home that is move-in ready!

417 Beaver Street Unit 102, Improvement District No. 09 (Banff)

Courtesy of RE/MAX Alpine Realty.
501 Buffalo Street, Improvement District No. 09 (Banff)
$4,290,000
4 Beds ⋅ 5 Baths ⋅ A2308203 MLS® #
Welcome to 501 Buffalo Street — a rare opportunity to own a historical Banff property in one of the town’s most prestigious residential river-front locations. Situated along the Bow River with scenic pathways right out your back door, this iconic home offers an extraordinary lifestyle surrounded by nature, mountain views, and the charm of downtown Banff just steps away.Set on an expansive 1,390 sq.m. lot (approximately 14,960 sq.ft.), the property offers exceptional space, privacy, and future potential in a highly sought-after setting. Warm architectural character, spacious living areas, and timeless appeal make this a truly special offering for those seeking a legacy property in the heart of the Rockies.Buffalo Street properties are rarely available — especially with direct river access, historical significance, and this remarkable lot size. A unique opportunity to own in one of Banff’s most exclusive locations

501 Buffalo Street, Improvement District No. 09 (Banff)

Courtesy of RE/MAX KEY.
Improvement District No. 09 (Banff)
$1,500,000
A2277083 MLS® #
Banff Tavern & Restaurant for SaleRare opportunity to acquire a long-standing, high-volume tavern and restaurant in the heart of Banff. This iconic establishment has been a cornerstone of the local hospitality scene. Annual sales reach approximately $4 million, supported by strong year-round tourism, a loyal local following, and a proven operating model.The business benefits from a prime location, and excellent lease rate. The venue is well-known for its vibrant atmosphere, consistent performance, and strong liquor sales.Vendor financing is available for qualified, experienced operators, providing flexibility for the right buyer. This is an exceptional opportunity to acquire a flagship Banff hospitality asset with a long operating history, strong brand recognition, and continued growth potential.

Improvement District No. 09 (Banff)

Courtesy of Century 21 Bravo Realty.
404 Otter Street, Improvement District No. 09 (Banff)
$1,855,000
3 Beds ⋅ 2 Baths ⋅ A2232374 MLS® #
Excellent Development Potential on Large Lot!! This is a character home, centrally located in the RTM-Tunnel Mountain District, on a private expansive 11,238 sq.ft. lot. This is a very unique property with a beautiful yard with views, sun and loads of potential for redevelopment (Duplex Fourplex, up to 8 townhomes or possible apartment housing), along with subdivision opportunities!

404 Otter Street, Improvement District No. 09 (Banff)

Courtesy of RE/MAX Alpine Realty.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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. Used under license. Data last updated: .

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