For Sale: 1306-1306 1st Avenue, Canmore, AB - REW
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$1,499,000
4 bd 2 ba 1209 sf House

1306 - 1306 1st AvenueCanmore, AB, T1W 1M4

  • 4 Bed
  • 2 Bath
  • 1209 Sqft
  • House

About this home

Prime redevelopment opportunity in Canmore! Zoned TPT-CR (Teepee Town Comprehensive Redevelopment District), this 4,326 sq ft valley-floor lot opens the door to duplex dwellings, townhouses, stacked townhouses, and accessory dwelling units — all permitted uses, subject to city approval. Discretionary uses expand the possibilities further, including care facilities, common amenity housing, daycare centres, cultural establishments, and home occupations (Class 2), all subject to city approval. Developers and investors: land like this, steps from downtown Canmore, rarely comes available. While you plan, the property pays — this well-kept bungalow is currently tenanted at $5,400 per month, offering solid holding income from day one. Separate entrances serve the main floor and the developed basement suite, giving the home flexible rental configurations. Upstairs, an open-concept layout ties the kitchen and dining area into a comfortable living room centred on a fireplace with built-in shelving, framed by mountain views, with two bedrooms and a 4-piece bath rounding out the main level. The lower level impresses with high ceilings, in-slab heated floors, and oversized windows, plus a family room with wet bar, two more bedrooms, a second 4-piece bath, and dedicated laundry. Outside, enjoy a large entertaining deck with built-in kitchen, fenced yard, mature trees, gardens, and a sunny sunroom off the mudroom. Walk to everything — downtown restaurants and cafés, parks, the rec centre, hospital, and groceries are all minutes away. Hold, rent, or build: this is Canmore opportunity at its best.
Listed by: KEVIN MCARDLE, Century 21 Nordic Realty

Home facts and features

Price details
List Price
Home facts
Bedrooms
4
Full Bathrooms
2
Property Type
House
Lot Size
4356 ft²
Frontage
55.00 ft
Year Built
Built in 1959 (67 yrs old)
Style
Bi-Level
Heating Type
In Floor,Forced Air,Natural Gas
Basement Details
Full
Features
Back Lane, Back Yard, Backs On To Park/green Space, Balcony, Electric, Garden, In Unit, Irregular Lot, Kitchen Island, Living Room, Lower Level, Main Level, Pantry, Park, Private Yard, Schools Nearby, Walking/bike Paths
Amenities
Playground, Shopping Nearby, Storage
Appliances
Dishwasher, Dryer, Oven, Range, Range Hood, Refrigerator, Stove(s), Washer, Washer/Dryer
Agent details
Primary Agent
Primary Broker
Century 21 Nordic Realty
Listing details
Days on REW
1 Day
MLS® Number
A2325505
Source
Pillar 9
Board
Alberta West REALTORS® Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Canadian Rockies Education Outreach
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Canmore Collegiate
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Alpenglow Community School
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Lawrence Grassi Middle School
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Elizabeth Rummel School
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School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-07-04.