rare redevelopment opportunity in the core of canmore at 1405 & 1409 mountain avenue. this exceptional offering spans over 15,700 sqft across three parcels in the teepee town medium density district, allowing for a range of development options including townhomes, stacked townhomes, or low-rise apartment buildings. ideally located within walking distance to main street, commercial amenities, trail networks, and the canmore hospital, this site sits in an area undergoing significant redevelopment and long-term growth.
two existing homes provide strong holding income, currently generating over $12,000 per month in long-term rental revenue, offering stability while advancing plans. the current owner has completed building drawings and marketing materials for a stacked townhouse development, providing a valuable head start for future redevelopment. with the town of canmore advancing land use bylaw updates anticipated in 2027, this is a strategic opportunity to secure a large, centrally located parcel with both immediate income and long-term development upside.
