425 Muskrat Street, Banff
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. (id:1945)
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Property details for 425 Muskrat Street, Banff
- Type
- Lots and Land
- Lot Size
- 0.58
- Ownership
- Leasehold
- Annual Taxes
- $18,879 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 425 Muskrat Street
Active Listings
4
Min Price
$699,000
Max Price
$4,200,000
Avg Price
$1,918,500
Days on Market
199
days
Sold Listings
3
Min Sold Price
$565,000
Max Sold Price
$4,200,000
Avg Sold Price
$1,820,000
Days until Sold
138
days
Neighbourhood Census Data
Banff, Alberta
Population
482
Median Age
33.5
Median Income
$34,859
Dwelling Value
$680,179
Housing Tenure
Owners 52%
Renters 44%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 719.2/km²
Avg Shelter Cost: $2,169/mo
Owners with Mortgage: 69.2%
Owners Spending 30%+: 38.5%
Tenants Spending 30%+: 0%
English only: 81.3%
English and French: 18.8%
Neither: 1%
Median Household Income: $85,760
Median Employment Income: $30,400
Price History
Listed
August 11, 2026
by Heartland Real Estate
Current Price
$4,200,000
Type
Lots and Land
For Sale