House
$4,150,000
115 Spray Avenue
Banff11 days on market
listed by Sotheby's International Realty Canada
MLS® A2351634
Banff · MLS® A2334650
1 sq ft lot · Land · Vacant Land · 75 days on market
listed by Allison Baird, Heartland Real Estate
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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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about $23,026 a year
The asking price times Banff's 2026 residential rate of 5.48 per $1,000 (municipal and education).
The listing shows $18,879 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.
Walkability 88/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 43 places to eat or drink, 11 cafes, 9 parks and playgrounds, 3 schools, 2 pharmacies, 30 transit stops.
mihom score from OpenStreetMap places, by straight line distance.