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115 Spray Avenue
homes for sale · Banff
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$4,150,000

115 Spray Avenue

Banff · MLS® A2351634

854

3,049 sq ft · 1,442 m² lot · House · Single Family · built 1964 · 12 days on market

listed by Christopher Vincent, Sotheby's International Realty Canada

realtor's description

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.

property details

type
House, Single Family
bedrooms
8
bathrooms
5
living area
3,049 sq ft
lot
1,442 m²
parking
4
year built
1964
property tax
$15,350 / yr
days on market
12
MLS®
A2351634

features

  • Closet Organizers
  • Washer
  • Refrigerator
  • Dishwasher
  • Wine Fridge
  • Range

monthly cost

$19,360/mo
Mortgage $18,081 · Tax $1,279

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$18,081/ monthly
loan $3,320,000
25-year amortization
total interest
$2,104,346
land title fees
$7,570
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$837,570
down + land title fees
total paid
$5,424,346

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

BanffGoogle Maps ↗

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listed by
Christopher Vincent
Sotheby's International Realty Canada
call Christopher · 403-707-8048
Powered by: REALTOR.ca
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similar homes nearby

property tax

about $22,752 a year

The asking price times Banff's 2026 residential rate of 5.48 per $1,000 (municipal and education).

The listing shows $15,350 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

location

BanffGoogle Maps ↗
Drive times
  • Bow Valley College - Banff Campus1 min
  • Clock Tower Village Mall3 min
  • Banff4 min
  • Banff Community High4 min
  • Mineral Springs Hospital5 min
  • Banff Elementary5 min
81

Walkability 81/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 19 places to eat or drink, 4 cafes, 5 parks and playgrounds, 17 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

425 Muskrat Street, Banff
Land
$4,200,000
4methe deep dive
425 Muskrat Street
Banff75 days on market
listed by Heartland Real Estate
MLS® A2334650