Residential Redevelopment Site in Teepee Town Central Canmore
- Canmore, Alberta
- $3,700,000 CAD
2,054 Sq.Ft. 0.36 Acres
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.
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Cradled between towering peaks and the winding Bow River, Canmore is a vibrant mountain town where adventure and refinement meet. Located just outside Banff National Park, Canmore is home to a thriving year-round community of about 15,000 full-time residents and 6,000 seasonal homeowners — athletes, artisans, professionals, and families who share a deep appreciation for the mountain lifestyle.
Once a historic coal-mining town founded in 1884, Canmore has evolved into one of Canada’s most desirable mountain destinations. The transformation began after the 1988 Winter Olympics, when the Canmore Nordic Centre hosted cross-country and biathlon events. Today, the town is a hub for world-class recreation, offering skiing, hiking, biking, and cultural events year-round, all framed by the iconic Three Sisters peaks.
Canmore’s real estate landscape is as diverse as its residents. Buyers will find luxury estate homes, modern townhomes, and mountain-inspired condominiums throughout communities such as Spring Creek Mountain Village, Three Sisters Mountain Village, and Silvertip Resort. Established neighbourhoods like Cougar Creek, Larch, The Homesteads, and Lions Park offer family-friendly living, while Prospect Heights, Cairns on the Bow, and South Canmore showcase elegant riverfront properties. For those seeking privacy and seclusion, Rundleview, Harvie Heights, Lac Des Arcs, and Quarry Pines provide serene retreats amid forest and mountain views.
Outdoor recreation is woven into daily life. Residents enjoy three golf courses within town — Silvertip Resort, Canmore Golf Club, and Stewart Creek Golf & Country Club — with Kananaskis, Banff Springs, and Brewster’s Kananaskis Ranch nearby. In winter, skiers and snowboarders are just minutes from Nakiska, Norquay, Sunshine Village, and Lake Louise.
Canmore’s proximity to Calgary (only an hour away) makes it a rare blend of wilderness and connectivity. With high-speed internet, access to global air travel, and a thriving professional community, Canmore has become a haven for those who work remotely yet refuse to compromise on lifestyle.
Whether you’re seeking a permanent home, a mountain retreat, or an investment opportunity, Christopher Vincent and Laura Wright are always available to share their insight into this remarkable community — and to help you find your place in the heart of the Rockies.
Christopher Vincent is an Executive Vice-President of Sales with Sotheby’s International Realty Canada and co-founder of the Vincent & Wright Group, the leading luxury real estate team in Canmore and Banff with over $700 million in career transactions. A Bow Valley resident since 2003, Christopher combines deep market expertise with an authentic...
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Laura Wright is a Senior Vice-President of Sales with Sotheby’s International Realty Canada and co-founder of the Vincent & Wright Group, the Bow Valley’s leading luxury real estate team with over $700 million in transactions. A Canmore and Banff resident for over 25 years, Laura combines extensive local insight, strong negotiation skills, and a...
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