UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,209 sqft
Price per Sqft $1,199
Subdivision Teepee Town
MLS® Listing ID A2239732
Style Bi-Level
Bedrooms 4
Full Baths 2
Year Built 1968
Annual Tax Amount $4,510
Tax Year 2025
Lot Size 4,335 Sqft
Acres 0.1
Property Sub-Type Detached
Source Calgary
Property Description
An incredible opportunity in prime Teepee Town awaits! This stunning bilevel house sits on a spacious 4,326 sq ft lot zoned TPT-CR, offering exceptional multi-residential development potential including duplexes, triplexes, fourplexes, townhouses, stacked townhomes, accessory suites, and more — all subject to city approval.
Enjoy an open-concept main floor with a cozy fireplace, modern kitchen, and breathtaking 360° mountain views. The separate-entry illegal basement suite boasts high ceilings, heated floors, and abundant natural light — ideal for rental income or guests.
Currently rented for $5,500/month, this house delivers immediate cash flow while offering outstanding future redevelopment possibilities.
The zoning also supports a variety of discretionary uses including B&Bs, care facilities, cultural spaces, daycare centers, and public buildings (subject to city approval).
Located just a short walk from downtown, restaurants, parks, and all amenities, this rare house perfectly combines charm, income, and tremendous investment upside.
Don't miss out on this exceptional chance to invest and grow in Teepee Town!
Location
Province AB
County Bighorn No. 8, M.d. Of
Zoning TPT-CR
Direction S
Rooms
Basement Finished, Full
Interior
Interior Features Kitchen Island, No Animal Home, Pantry, Storage, Wet Bar
Heating In Floor, Forced Air, Hot Water
Cooling None
Flooring Carpet, Ceramic Tile, Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Electric, Living Room
Inclusions 2ND REFRIGERATOR
Appliance Dishwasher, Gas Stove, Microwave, Refrigerator, Washer/Dryer
Laundry In Basement, In Unit
Exterior
Parking Features Off Street
Garage Description Off Street
Fence Fenced
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Street Lights
Roof Type Asphalt Shingle
Porch Deck, Porch
Lot Frontage 49.94
Exposure S
Total Parking Spaces 4
Building
Lot Description Back Yard, Front Yard, Garden, Irregular Lot, Lawn
Foundation Poured Concrete
Architectural Style Bi-Level
Level or Stories Bi-Level
Structure Type Stucco,Vinyl Siding
Others
Restrictions None Known
Tax ID 103131823
Ownership Private
Virtual Tour https://unbranded.youriguide.com/1306_1_ave_canmore_ab/