This property, situated on a serene Banff street, is a rare investment opportunity. It has been handed down through generations and comprises two separate homes on the site. There is the original home along with a large newer addition offering a sizable legal suite, an illegal basement suite, attached garage, a large workshop and including a new outdoor covered hot tub. With the current layout, the property generates substantial income, and if the existing construction does not meet your requirements, it presents an excellent opportunity for redevelopment. The location is ideal, just two blocks from Banff Ave., and within walking distance of both the Elementary and High Schools. Additionally, the property is ripe for development, with permitted uses for apartment housing, fourplex, multiplex, and more. Discretionary uses include home occupation types 1 &2, duplex and more, making it a versatile investment.
Address
412 Cougar Street
List Price
$2,300,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
1 and Half Storey
Area
Banff
Sub-Area
Other
Bedrooms
5
Bathrooms
4
Floor Area
2,032 Sq. Ft.
Lot Size
7810 Sq. Ft.
Year Built
1917
MLS® Number
A2209880
Listing Brokerage
ROYAL LEPAGE SOLUTIONS
Basement Area
Partial, Partially Finished
Postal Code
T1L1A1
Zoning
RCR
Site Influences
Front Yard, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Sidewalks